Page 3 - Cpi

Higher sales tax drives Sri Lanka inflation to 6.5% in January, shows data

The National Consumer Price Index (NCPI) captures broad retail price inflation and is released with a lag of 21 days every month

Sensex drops 523 pts, Nifty tests 21,600 ahead of Jan CPI data; PSBs sink

Stock market highlights on February 12, 2024: The broader markets suffered deeper losses with the BSE MidCap index falling 2.6 per cent and the BSE SmallCap 3.16 per cent

Inflation slows in New Zealand to its lowest rate since 2021, shows data

Inflation in New Zealand has slowed to its lowest rate in two and a half years, the country's official statistics agency announced on Wednesday. Stats NZ revealed the latest consumers price index (CPI) data had slowed to 4.7% across 2023, a significant drop from the 5.6% result in the year to September 2023. The agency said falling food and transport prices were the main drivers of the slowdown in the inflation rate which had peaked at 7.3 per cent in 2022. While the CPI is still above the the Reserve Bank of New Zealand's target band of 1-3%, the better than expected slowdown all but ends any speculation of a further hike of the official cash rate which currently sits at 5.5% when the Reserve Bank next meets in on Feb. 28. The fall to 4.7% was in line with market expectations, but lower than the Reserve Bank's prediction of 5%. New Zealand Finance Minister Nicola Willis said a key goal of the government was to lower inflation. Our immediate focus is getting inflation back into

US consumer prices up more than expected in Dec, weekly jobless claims fall

The consumer price index (CPI) rose 0.3% last month after nudging up 0.1% in November, the Labor Department's Bureau of Labor Statistics said on Thursday

Retail inflation for industrial workers up marginally at 4.98% in Nov: Govt

Retail inflation for industrial workers increased marginally to 4.98 per cent in November compared to 4.45 per cent in October this year, mainly due to higher prices of certain food items. Food inflation stood at 7.95 per cent against 6.27 per cent in the previous month (October 2023) and 4.30 per cent during the corresponding month (November 2022) a year ago, a labour ministry statement said. According to the statement, year-on-year inflation for the month stood at 4.98 per cent in November compared to 4.45 per cent for the previous month (October 2023) and 5.41 per cent during the corresponding month (November 2022) a year before. The All-India CPI-IW (Consumer Price Index for Industrial Workers) for November 2023 increased by 0.7 points and stood at 139.1 points. The CPI-IW was 138.4 points in October 2023. On one-month percentage change, it increased by 0.51 per cent with respect to the previous month, whereas it remained stationary between the corresponding month a year ago,

Time to review insurance cover; and buy art: Top personal finance stories

Our best stories this week explain how to review a key component of your financial portfolio and how to invest in art

Gold prices fall on a firm dollar as spotlight moves to US CPI data

In the limelight now, is the November US consumer price report due on Tuesday, which could offer more rate cut clues ahead of the Fed's statement and Chair Jerome Powell's comments on Wednesday

CPI Kerala state secy Kanam Rajendran dies at 73 following cardiac arrest

Veteran CPI leader and the party's state secretary Kanam Rajendran died at a private hospital here on Friday following cardiac arrest, party sources said. He was 73. The senior leader of the Communist Party of India has been undergoing treatment at the hospital for multiple ailments including heart and kidney related issues and diabetes. His right foot was recently amputated to contain the spread of an infection due to diabetes and had applied for three months leave from the party responsibilities due to health reasons. Though the leader had expressed confidence of a speedy recovery, his health condition suddenly worsened this evening following a cardiac arrest, they said. The news of the unexpected demise of the veteran leader came as a shock for everyone cutting across political parties in the state. His death comes at a time Chief Minister Pinarayi Vijayan and other ministers are taking part in the Nava Kerala outreach programme in this district. The CM and his cabinet collea

Winter session: CPI moves notices seeking discussion on 'Himalayan ecology'

This came in the backdrop of Uttarakhand's Shilkyara tunnel collapse, wherein 41 workers got trapped and were rescued after a 17-long day

Sensex drops 326 pts, Nifty below 19,450; PSBs, metals rally, IT sinks

Closing Bell on November 13, 2023: SBI Life, Bajaj Finance, Grasim, Infosys, Nestle India, Apollo Hospitals, Tech M, ICICI Bank, and HDFC Bank were the top laggards

Indian economy projected to grow at 6.3% in FY24, says Ficci Survey

The Consumer Price Index (CPI)-based inflation is expected to remain at 5.5 per cent in FY24, with a range of 5.3 per cent to 5.7 per cent

Inflation seen easing to 5.50% in Sept on softening food price rises: Poll

Inflation, as measured by the annual change in the CPI , was forecast to have fallen to 5.50% in September from 6.83% in August, according to an Oct. 3-9 Reuters poll of 66 economists

RBI's rate setting body starts deliberations amid expectation of status quo

RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Wednesday amid expectations of a status quo on the rate front in its bi-monthly monetary policy review. The policy review will be announced on Friday morning. In case of a status quo, interest rates for retail, as well as corporate borrowers, would remain stable. Experts believe that the Reserve Bank will retain the benchmark rate at 6.5 per cent in view of the elevated inflation and global factors. The Reserve Bank started increasing the policy rate in May 2022 in tranches, in the wake of the Russia-Ukraine war and took it to 6.5 per cent in February this year. Since then, it has kept the rate unchanged in the last three successive bi-monthly monetary policy reviews. "The credit policy this time will most likely continue with the existing rate structure as well as policy stance. Hence, the repo rate will be retained at 6.5 per cent with the stance of withdrawal of accommodation," .

CPI's D Raja meets Lalu, discusses ways to step up fight against BJP

CPI general secretary D Raja met RJD president Lalu Prasad, and held discussions on stepping up the fight against the ruling BJP at the Centre. The CPI leader, who is in Bihar to attend a conference of his party's students' wing AISF, met Prasad on Wednesday at the residence of the latter's wife and former CM Rabri Devi. Talking to reporters, Raja said, "The formation of the coalition INDIA is an important step towards protecting the secular and democratic character of the country, which owes itself to the Constitution but faces threat from the current dispensation". Claiming that the BJP was rattled, fearing a rout in the Lok Sabha polls next year, the CPI leader said more parties may join INDIA in the run-up to the general elections. Raja, who will be in Begusarai on Thursday to attend the national conclave of AISF, said, "The CPI will unite the working class, farmers, women and students to provide the much-needed ballast to the INDIA coalition".

US CPI gauge accelerates 1st time in 6 months, making room for fed hike

The so-called core consumer price index, which excludes food and energy costs, advanced 0.3% from July, the first acceleration in six months, Bureau of Labor Statistics data showed Wednesday

After 20 yrs, left inches towards pre-poll pact with Congress in Telangana

After a gap of 20 years, the CPI and CPM in Telangana are now inching towards a per-poll alliance with the Congress in the state for the upcoming Assembly polls. The development comes days after Chief Minister K Chandrasekhar Rao-led BRS announced the candidates list of 115 seats out of the total 119, dashing the hopes of the Left parties that were looking to form a pre poll alliance with the ruling party. The communist parties supported the BRS candidate in the Munugode by-election held in November last year. After his party's victory, Rao thanked the CPI and CPM for the association, and said the friendship will continue, in order to keep the surging BJP at bay. Assembly polls in Telangana are scheduled to be held towards the end of the calendar year. According to CPM Telangana secretary Tammineni Veerabhadram, the party has received a call from Manikrao Thakare Congress' Telangana in-charge for discussion on the subject. However, a formal round of talks is yet to take place. Th

One nation, one election: All you need to know about simultaneous elections

Centre has constituted a committee headed by former President Ram Nath Kovind to explore the possibility of 'one nation, one election'

Opposition bloc INDIA resolves to jointly contest 2024 Lok Sabha elections

Opposition alliance INDIA passed a resolution on Friday in Mumbai, where the parties resolved to contest the forthcoming Lok Sabha elections in 2024 together as far as possible

Warning sign for global economy, China's CPI tips into deflation in July

CPI falls in annual terms for first time in 2 years; country becomes first G20 economy to report deflation since Japan in 2021

MoSPI kicks off work for CPI base revision after over a decade: Report

This is the first time the ministry is revising the base in over a decade. Currently, the base year for calculations of CPI is 2011-12