Inflation: News

18 Jun 2024

Fitch Ratings

Fitch raises India's FY25 economic growth forecast to 7.2%

Fitch Ratings has revised its economic growth forecast for India in FY25 to 7.2%, up from the previous projection of 7% made in March.

15 Jun 2024

Sensex

Sensex predicted to hit 82,000 mark in 12 months

International credit rating agency Moody's has released a report, forecasting that the BSE Sensex will reach 82,000 within the next year, marking a 14% increase.

RBI holds repo rate steady at 6.5% for eighth time

The Reserve Bank of India's Monetary Policy Committee (MPC) has maintained the repo rate at 6.5% for the eighth consecutive time.

05 Jun 2024

Indian Economy

India's service sector growth hits five-month low in May

India's service sector growth slowed to a five-month low in May, as indicated by the final HSBC India Services purchasing managers' index (PMI) compiled by S&P Global.

02 May 2024

Shaktikanta Das

RBI's interest rate cut expectations pushed back to late 2024

A recent survey conducted by Bloomberg indicates that the Reserve Bank of India (RBI) may postpone its planned interest rate cut until the last quarter of 2024.

12 Apr 2024

China

Moody's Analytics forecasts 6.1% GDP growth for India in 2024

Moody's Analytics has predicted a 6.1% growth rate for India's economy in 2024, indicating a slowdown from the previous year's expansion of 7.7%.

Why gold and silver are trading at record high prices

Gold and silver prices soared to unprecedented levels on Friday, driven by strong US inflation data and rumors of a potential rate cut by the US Federal Reserve.

26 Mar 2024

Insurance

Natural disaster-related insured damages predicted to double in a decade

A study by the Swiss Re Institute forecasts a significant surge in insured damages from natural disasters, with an expected doubling over the next decade.

14 Feb 2024

Business

Wholesale inflation reduces to 0.27%, food inflation dips to 3.79%

India's Wholesale Price Index (WPI) inflation rate dipped to a three-month low of 0.27% in January 2024, according to the Office of Economic Advisor.

14 Feb 2024

Stock Market

Why Nifty and Sensex are trading in red today

Indian stocks faced a substantial drop today, influenced by the downturn in US markets last night.

India's retail inflation eases to 5.1%, industrial production at 3.8%

Close on the heels of the General Election, India's consumer price index (CPI) or the retail inflation rate dropped to a three-month low of 5.1% in January.

17 Jan 2024

United Kingdom

UK inflation unexpectedly rises, dampens talk of potential rate cuts

In December 2023, the retail inflation in UK, also known as consumer prices index (CPI) rose to 4% from 3.9% in November.

16 Jan 2024

Maruti Suzuki

Maruti Suzuki hikes prices of all its cars in India

Maruti Suzuki has announced a 0.45% price increase for all its models, effective from today.

15 Jan 2024

India

Wholesale inflation rises to 9-month high in December: Here's why

India saw a surge in wholesale inflation, hitting a nine-month high of 0.73% in December 2023, as per the Ministry of Commerce and Industry.

15 Jan 2024

Personal Finance

Top 5 richest men double their fortunes since pandemic low 

The Oxfam annual inequality report has revealed that the world's five wealthiest individuals have doubled their net worth since 2020.

12 Jan 2024

India

Retail inflation in India rises to 5.69% in December 2023

India experienced a surge in retail inflation, reaching a four-month high of 5.69% in December 2023, as reported by the Union Ministry of Statistics and Programme Implementation.

27 Dec 2023

India

Why rice prices are at a 15-year high

Rice prices have reached a fresh 15-year high, fueled by strong demand and ongoing supply concerns.

14 Dec 2023

India

Wholesale price inflation at 8-month high, touches 0.26% this November

India's wholesale price inflation climbed to 0.26% in November.

12 Dec 2023

India

India's retail inflation reached 3-month high of 5.55% in November

India's retail inflation jumped to 5.55% in November, a significant increase from October's four-month low of 4.8%, as reported by the Ministry of Statistics & Programme Implementation.

11 Dec 2023

Axis Bank Ltd

Axis Bank estimates India's potential growth to be around 7%

Axis Bank's Chief Economist, Neelkanth Mishra, predicts a robust 7% or higher GDP growth for India in FY24, despite potential global challenges that could slow down growth in FY25.

11 Dec 2023

Nirmala Sitharaman

Retail inflation now stable and within acceptable range: Finance Minister

Finance Minister Nirmala Sitharaman announced on Monday that the country's retail inflation has stabilized and now falls within the acceptable range of 2% to 6%.

24 Nov 2023

Germany

Germany's economy shrinks in Q3, stirs recession concerns

Germany's economy experienced a slight dip of 0.1% in the third quarter of 2023, according to the country's Federal Statistical Office (Destatis).

22 Nov 2023

United Kingdom

UK growth forecasts downgraded for 2024 and 2025

The UK's economic growth is expected to slow down over the next two years, according to the UK's Office for Budget Responsibility (OBR).

21 Nov 2023

Ministry of Finance

India may face recession risks in 2024, warns Finance Ministry

The Ministry of Finance's latest monthly review warns of a potential recession in 2024 due to uncertainties surrounding rising food and energy costs amid geopolitical tensions.

20 Nov 2023

India

GDP growth could dip amid uncertainties surrounding upcoming elections

Goldman Sachs predicts a slight decrease in India's real GDP growth to 6.3% in 2024, down from the 6.4% forecasted for 2023.

16 Nov 2023

S Jaishankar

India's oil trade with Russia helped soften global economy: Jaishankar

India's choice to maintain trade with Russia has helped stabilize oil and gas markets, ultimately controlling global inflation, said External Affairs Minister S Jaishankar.

15 Nov 2023

United Kingdom

UK inflation rate uexpectedly drops to 4.6% in October

UK inflation took a sharp nosedive in October, hitting its lowest point in two years. The rate, which shows how much consumer prices rise, dropped to 4.6% from 6.7% the month before.

Wholesale inflation stays negative for 7th consecutive month in October

India's wholesale inflation persisted in the deflationary territory for the seventh consecutive month in October, registering at -0.52%, as reported by the Ministry of Commerce on November 14.

06 Nov 2023

Piyush Goyal

What's 'Bharat Atta' that government is selling at subsidized prices

The central government has launched subsidized wheat flour under the Bharat Atta brand to tackle rising prices amid the festive season.

06 Nov 2023

Indian Government

Centre to sell 'Bharat Atta' at Rs. 27.50 per kg

In response to rising food prices and in preparation for the festive season, the Indian government, led by Union Minister for Consumer Affairs, Food, and Public Distribution, Piyush Goyal, is introducing measures to ensure affordable access to essential food items.

31 Oct 2023

Argentina

Argentina faces fuel shortage despite being oil-rich: Everything to know

Argentina, a leading producer of shale oil and gas, is reportedly facing an acute shortage of petrol and diesel.

30 Oct 2023

Germany

Germany's economy contracts in third quarter

In the third quarter, Germany's economy saw a minor decline quarter-on-quarter (QoQ), about 0.1%, as reported by the nation's federal statistics agency Destatis.

Interest rate will remain high for now: RBI Governor

At the Kautilya Economic Conclave 2023, Reserve Bank of India (RBI) Governor Shaktikanta Das announced that interest rates will stay high for now, without giving a specific timeline for a decrease.

20 Oct 2023

Food

Centre will ensure food prices stay stable throughout festive season

On October 19, Food Secretary Sanjeev Chopra, speaking at a press conference in New Delhi, announced that food prices are expected to remain stable and are not going to face any unseen hikes during the upcoming festive season.

RBI maintains repo rate at 6.5%, FY24 GDP forecast unchanged 

The Reserve Bank of India (RBI) Governor Shaktikanta Das announced on Friday that the central bank's Monetary Policy Committee (MPC) has decided unanimously to keep the key repo rate steady at 6.5%, in line with economists' predictions.

Is US slipping into recession? These red flags suggest so

In recent months, the economic landscape in the United States (US) has presented a mixed bag of signals, leaving many pondering the possibility of a looming recession.

29 Sep 2023

Europe

Eurozone inflation declines to lowest in 2 years

In September, inflation in the Eurozone dropped to its lowest in two years. This decrease indicates that the European Central Bank's (ECB) gradual increase in interest rates has been successful in controlling high prices, although it has come at the expense of economic growth.

25 Sep 2023

India

S&P retains India's growth forecast for FY24 at 6% 

S&P Global Ratings has maintained India's growth forecast for the current fiscal year at 6%, despite challenges such as the slowing world economy, rising risk of subnormal monsoons, and delayed effect of interest rate hikes.

15 Sep 2023

Pakistan Government

Subway introduces its first-ever 3-inch sandwich to fight inflation

In an effort to combat soaring inflation in Pakistan, Subway, the US-based fast-food chain, has introduced a three-inch sandwich for the first time in any market.

12 Sep 2023

Business

August retail inflation drops to 6.83% on lower food costs

India's retail inflation rate in August dropped to 6.83%, down from 7.44% in July, according to data released by the National Statistical Office (NSO).

12 Sep 2023

Business

Corporate bond fundraising hit a 10-month low in August

In August 2023, fundraising through corporate bonds fell to a 10-month low as yields on these instruments increased due to high inflation.

US stores are keeping toothpaste, deodorant in locks: Here's why

Major retailers in the United States (US), including Walmart, CVS, Target, Home Depot, Walgreens, and Foot Locker, have started locking up daily use products like toothpaste, chocolate, detergent powder, and deodorant due to an increase in petty theft and organized shoplifting, reported AFP.

31 Aug 2023

Indian Economy

Indian economy to see its fastest growth in a year

India's economy surged from 6.1% in the January-March quarter to 7.7% in the April-June quarter, the fastest since April-June 2022, according to the median projection in a Reuters poll of economists.

16 Aug 2023

United Kingdom

UK is still in danger of recession despite falling inflation

Inflation in the UK has dipped to 6.8% in July, marking its lowest point since February 2022.

At 7.44%, India's retail inflation reaches 15-month high

In July, India's retail inflation rate skyrocketed to a 15-month record of 7.44% YoY. It is a significant increase from June's 4.87%.

After tomato, onion prices likely to hurt pockets

Indian households are likely to feel the pressure of an inflationary spell as onion prices are soaring due to tightening supplies.

08 Aug 2023

Food

Why eating veg thali has gotten more expensive

Vegetarian thalis became a bit more expensive this July. The cost has shot up by a third in just a month.

Why NRIs in US are hoarding rice

Non-Resident Indians (NRIs) in the United States (US) were recently criticized for "rice hoarding" as they rushed to grocery stores to buy large quantities of rice, fearing a supply shortage and price hike.

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