Inflation Data

Increase in the nationwide core consumer price index (CPI), which includes oil products but excludes fresh food prices, compared with a median market forecast for a 2.2 per cent gain

Higher food prices, fading base effect behind surge

While the September inflation print may see a significant pick-up as base effects turn adverse and food prices register an upturn, food inflation, the RBI said, is expected to ease by Q4:2024-25

Food items, especially vegetables and other perishables, which make up a significant share of overall household spending in the country, saw an uptick in prices

The policy remains open-ended on the future possibility of rate cut, which sounds reasonable given that the future course of inflation is hard to gauge

US jobless claims declined to a four-month low while gross domestic product grew at an unrevised 3 per cent

Inflation in the UK held steady at an annual rate of 2.2 per cent in August, with higher air fares offset by lower fuel costs and restaurant and hotel bills, official figures showed Wednesday. The latest reading from the Office of National Statistics means inflation remains just above the Bank of England's target of 2 per cent. Last month, the central bank reduced its main interest rate by a quarter-point to 5 per cent, the first cut since the onset of the pandemic. Central banks around the world dramatically increased borrowing costs from near zero during the coronavirus pandemic when prices started to shoot up, first as a result of supply chain issues built up during the pandemic and then because of Russia's full-scale invasion of Ukraine which pushed up energy costs. Most economists think the bank will opt to keep borrowing costs unchanged after its latest policy meeting on Thursday. However, they think that the bank will most likely cut again in November, in the wake of the ...

A half-percentage-point cut - now given more than a 60% probability in rate futures markets - would signal a commitment to sustaining the current economic expansion and the job growth

Markets are focused on the looming U.S. personal consumption expenditure (PCE) data, the Fed's preferred measure of inflation, due on Friday

India adopted the inflation targeting framework in 2016, setting a 4% headline inflation target for the central bank's rate setting panel

Officials are depressingly hesitant to touch anything to do with food production and prices, since these are particularly sensitive politically

The RBI last week kept the key interest rate unchanged, retaining its focus on bringing inflation down

Tuesday's data showed that headline inflation was cooler than the Bank of Canada's 2.9 per cent inflation forecast for the end of the first half of 2024

Rural market 'bright spot' for consumer goods products, says consumer research firm

Income tax relief for the people in the lowest slab may need to be considered in the upcoming full Budget for 2024-25 considering the high levels of inflation, according to newly-elected CII President Sanjiv Puri. In an interview with PTI, he also suggested creation of an institutional platform for consensus building between the Centre and states to successfully carry out all reforms, including those related to land, labour, power and agriculture. The industry body also said it does not see compulsions of coalition politics hampering the reforms in the third term of Prime Minister Narendra Modi. In stead, it believes that the performance of Indian economy and the success of policies in the previous two stints would set the base to accelerate the process. "Broadly, I would say at this point of time it is public capex, adherence to fiscal glidepath, roadmap for investment in the social infrastructure, green fund and greater investment in the rural sector. These are the broad ...

Leading ratings and economic research firm CRISIL is of the view that inflation is expected to average 4.5 per cent for the current financial year. "Assuming a normal monsoon, we expect food inflation to soften, while non-food inflation could see an uptick but is expected to remain soft on the back of benign commodity prices," CRISIL said. The rating firm said that consumer price index (CPI) inflation moderated marginally to 4.75 per cent in May from 4.8 per cent in April 2024. "Non-food categories pulled down the headline inflation, but what is worrying is the relentless inching up of food categories, cereals and pulses", the CRISIL report said. Food inflation had stayed above 8.5 per cent for four months now, and non-food inflation continued to offer some respite, it said. The report maintained that there could be some rebalancing in domestic demand in the current fiscal with rural demand catching up with urban consumption. According to the report, the expectation of an above-n

Stock Market Highlights on June 12, 2024: Losses in Britannia Industries, M&M, HUL, Titan, Tata Consumer, Adani Ports, Axis Bank, and Infosys capped gains

All you need to know before the market opens on Wednesday, June 12: Gift Nifty hinted at tepid start to the trading action; The US Fed meet and inflation data to be in focus in the week ahead.

In a survey this week of the world's largest insurers, Moody's found that nearly 80% of respondents planned to increase their holdings in at least one class of private credit

Indices post biggest gains in two weeks