Inflation: News
12 Apr 2024
ChinaMoody'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%.
12 Apr 2024
United States of AmericaWhy 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
InsuranceNatural 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
BusinessWholesale 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 MarketWhy Nifty and Sensex are trading in red today
Indian stocks faced a substantial drop today, influenced by the downturn in US markets last night.
12 Feb 2024
Consumer Price Index (CPI)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 KingdomUK 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 SuzukiMaruti 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
IndiaWholesale 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 FinanceTop 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
IndiaRetail 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
IndiaWhy 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
IndiaWholesale 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
IndiaIndia'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 LtdAxis 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 SitharamanRetail 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
GermanyGermany'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 KingdomUK 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 FinanceIndia 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
IndiaGDP 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 JaishankarIndia'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 KingdomUK 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.
14 Nov 2023
Ministry of Commerce and IndustryWholesale 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 GoyalWhat'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 GovernmentCentre 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
ArgentinaArgentina 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
GermanyGermany'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.
20 Oct 2023
Reserve Bank Of India (RBI)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
FoodCentre 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.
06 Oct 2023
Reserve Bank Of India (RBI)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.
03 Oct 2023
United States of AmericaIs 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
EuropeEurozone 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
IndiaS&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 GovernmentSubway 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
BusinessAugust 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
BusinessCorporate 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.
04 Sep 2023
United States of AmericaUS 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 EconomyIndian 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 KingdomUK 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.
14 Aug 2023
Reserve Bank Of India (RBI)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%.
09 Aug 2023
Reserve Bank Of India (RBI)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
FoodWhy 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.
24 Jul 2023
United States of AmericaWhy 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.
