Producers’ inflation based on the wholesale price index (WPI) raised to a 30 year high of 15.9% in May, driven by an across the board rise in prices led by crude petroleum, metals and food products. The print for April was 15.1% and was 13.11% in May 2021. In contrast, retail inflation in May, based…
The Reserve Bank of India’s monetary policy committee (MPC) in its June meeting raised the repo rate for a second straight month and stated that it would now focus on withdrawal of accommodation while dropping all mention of an accommodative stance from its script. The MPC collectively raised the repo rate by 50 basis points…
Retail inflation based on the Consumer Price Index (CPI) increased to near 8-year high in April to 7.79%. The previous high was noted in May 2014, when retail inflation rate touched 8.33%. The continuous fuel price hike likely had a climbing effect on the final price of various products. Also, increasing global prices of commodities…
Consumers should stay themselves for difficult times ahead, as Indonesia- India’s major source of palm oil imports banned exports of all edible oil raw materials on Friday to ease domestic insufficiency. India imports as much as half of its demand of 8.3 mt palm oil from Indonesia. This is expected to shoot up prices in…
Inflation based on Wholesale Price Index (WPI) increased to a four month high of 14.55 % in March, mirroring a broad-based spike in global commodity prices, especially oil in the wake of the Russia-Ukraine crisis, showed official data released on Monday. There was some softening in food articles month-on-month led by vegetables and pulses, though…
The U.S. The benchmark 10-year Treasury yield and the dollar were lower in the U.S. at the end of the week. Gold fell in Asia on Tuesday morning, shortly before inflation data. Gold futures were down 0.04% at 8,836.85 Until high inflation, wage increases, and strong employment rates create an average of 1 million jobs,…
