Due to a rise in grain prices and a little lower base than the one for July, India’s retail inflation, as measured by the Consumer Price Index (CPI), crept up to 3.65% in August from 3.6% in July. Retail inflation decreased to 6.83% in August 2023 from 7.44% in July 2023. Due to a large…
Gold’s price surge surpasses oil and copper, attracting central bank purchases in emerging markets. Unlike fiat currencies, its limited supply protects against inflation and currency devaluation, ensuring stability and financial stability. Gold also lacks credit or counterparty risk. Geopolitical factors drive gold demand, with 81% of central banks expecting global gold reserves to increase, and…
The provisional data released by the Ministry of Commerce & Industry on Wednesday showed that the increase in prices of food articles, food product manufacturing, mineral oils, crude petroleum & natural gas, other manufacturing, etc. was the main cause of India’s wholesale price index (WPI)-based inflation for July, which eased to 2.04% on an annual…
As food prices decreased in July, India’s retail inflation rate fell to 3.54%, nearly five years below its previous peak, according to government statistics released on Monday. This reduction comes after an inflation rate of 5.08% in June, which was the lowest since August 2019. The Reserve Bank of India’s 4% goal inflation rate was…
Following the Reserve Bank of India’s (RBI) policy announcement, shares in rate-sensitive industries including banking, finance, auto, and real estate are seeing a stable day. The financial industry is where the most notable effects are observed. At 50,243.45, the Nifty Bank index was up. It gained 611 points in a single day. Over the past…
The Ministry of Commerce & Industry announced provisional data indicating that the annual rate of India’s wholesale pricing index (WPI)-based inflation increased to 1.26 percent in April from 0.53 percent in March. A 13-month high was reached by the WPI in April, surpassing the Reuters forecast of 1% WPI inflation as predicted. According to the…
Yesterday’s trading session saw a little decrease in silver prices of -0.09%, ultimately closing at 82878. Fresh expectations of imminent rate reduction by the Federal Reserve, stoked by the US jobs growth that was less than anticipated, were blamed for this decline. Following remarks made by Fed officials that suggested a possible change in the…
Early on Wednesday in Asian trading, oil prices dropped as investors reduced their expectations of a U.S. Federal Reserve interest rate cut and a U.S. industry organization reported that crude stocks increased more than anticipated last week. When the market started at 0000 Brent futures dropped 29 cents, or 0.4%, to $82.48. West Texas Intermediate…
October’s wholesale price index-based inflation was (-) 0.52%, which was in the negative for the seventh consecutive month due to declining food costs. As of September 2023, the WPI-based inflation rate was (-) 0.26 percent, having been in the negative since April. WPI was 8.67 percent in October of the previous year. Food item inflation…
According to a survey of 15 economists, India’s Consumer Price Index (CPI)-based inflation likely dropped to a five-month low of 4.8% in October from 5.02% in September, mostly because of the statistical effect of a high base and a reduction in the prices of important vegetables. Thanks to a positive base effect, core inflation is…
