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4 mins read
Inflation spikes in June 2024 due to high food prices; Likely to affect RBI’s decision on interest rate
Indian retail inflation rises to 5.08% in June, driven by a spike in food prices. Food price inflat…
3 mins read
Experts welcome moderation of inflation in July, by warns of continued inflationary pressure ahead
In July 2024, India saw its CPI inflation drop to 3.54%, the lowest in almost five years, mainly du…
ANI
1 min read
Wholesale inflation rose for fourth straight month in June to 3.36%, owing to rising vegetable and food prices
Wholesale inflation in the country rose for the fourth consecutive month in June at 3.36 per cent o…
PTI
2 mins read
High food prices raise concerns but improved monsoon offers hope for RBI: SBI report
Volatility in prices of food items like tomatoes, onions, and potatoes has challenged India's Monet…
ANI
2 mins read
RBI can't ignore food inflation while setting rates, will wait for NSO to review CPI weightage: Das
"The MPC (monetary policy committee) may look through high food inflation if it is transitory; …
PTI
3 mins read
India to see solid domestic demand for the next 2 years, to grow at the rate of 6.5%-7%
The OECD report projects stable economic growth for emerging G20 economies, including India. India'…
1 min read
Retail inflation eases marginally to 1-year low of 4.75% in May: Govt data
Retail inflation eased to a one-year low of 4.75 per cent in May as prices of some kitchen items de…
PTI
3 mins read
Wages have outpaced inflation since 2020 but many consumers still feel burdened by prices
On average, wages have outpaced inflation since the pandemic, but even with those gains, plenty of …
John Towfighi
2 mins read
WPI inflation surges to 16-month high of 3.36% in June on costlier vegetables
New Delhi's wholesale inflation surged to 3.36% in June 2024, led by rising food prices, especially…
PTI
7 mins read
Gen Z's new status symbol: super-expensive snacks
Inflation is no match for Gen Z's love of little treats. A $19 Erewhon smoothie or a $45 tin of pot…
Eve Upton-Clark
3 mins read
RBIs MPC meet concludes today: Repo rate left unchanged at 6.5%
Treading along expected lines, RBI rate-setting panel left the repo rate unchanged at 6.5% for the …
4 mins read
Status-quo on interest rate likely, say experts ahead of RBI's policy review
The Reserve Bank of India is expected to maintain the current repo rate at 6.5% in its upcoming pol…
PTI
2 mins read
A recession next year is now even less likely following the blowout jobs report, says Goldman Sachs
Economists are less concerned about an imminent downturn after far more jobs were added in Septembe…
Theron Mohamed
5 mins read
A trifecta of global crises could snarl supply chains and increase prices
A sudden flurry of global developments has the US economy staring down a troubling trifecta of majo…
Eliza Relman
2 mins read
Stock market today: Indexes decline after inflation comes in hotter than expected
Indexes slipped Thursday as investors took in hotter-than-expected inflation data on the heels of l…
Kelly Cloonan
3 mins read
Inflation unexpectedly cools off as the Fed decides its next move
The Consumer Price Index increased 3.3% year over year in May, which is less than the 3.4% increase…
Madison Hoff
3 mins read
Price-gouging complaints about the cost of fuel, water, and hotels are surging in states hit by Hurricane Helene
As Hurricane Helene hit southeastern states, complaints of price gouging on gas and hotels surged, …
Joshua Nelken-Zitser,Grace El…
3 mins read
The US dockworkers strike is here, and it's impacting more than just packages
The US port strike could have far-reaching impacts on the economy. Here's what a prolonged standoff…
Alex Bitter
3 mins read
Wholesale inflation touches 15-month high in May
Jump in wholesale inflation primarily due to increase in prices of food articles, crude petroleum a…
PTI
3 mins read
Dock workers just went on strike at the worst possible time
Tens of thousands of dockworkers are on strike after the International Longshoremen's Association a…