U.S. inflation eases in May, consumer spending shows moderate growth
Washington DC: U.S. prices remained steady in May, while consumer spending saw a moderate increase, a trend that might prompt the Federal Reserve to consider cutting interest rates this year, reported Reuters.
All-India Consumer Price Index for Agricultural Labourers at 7% in May
New Delhi: The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) (Base: 1986-87=100) saw an increase of 6 points each in May 2024, reaching 1269 and 1281, respectively.
Food inflation biggest challenge in disinflationary process: RBI Guv Shaktikanta Das
Mumbai: Despite the central bank's efforts to reduce India's retail inflation to its 4 percent target, the final stages of the disinflationary process are challenging due to persistently high food prices, Reserve Bank of India Governor Shaktikanta Das stated at an event on Tuesday.
Alignment with 4% inflation target may occur in latter part of the year: RBI report
Mumbai: The Reserve Bank of India's (RBI) latest monthly bulletin, released on Thursday, indicates that achieving a sustained alignment of inflation with the 4 percent target may occur in the latter half of the year.
US inflation eases, grows by 0.3% in April, core CPI also cools
Washington: US inflation showed signs of easing as the growth was less than anticipated, indicating a continuation of its downward trajectory at the beginning of the second quarter.
India's retail inflation eases to 11-month low of 4.83% in April
Mumbai/IBNS: India's retail inflation slightly eased to an 11-month low of 4.83 percent in April, compared to 4.85 percent recorded in the previous month, as prices of some kitchen items dropped though overall food basket firmed up marginally, according to a government data released on Monday (May 13).
US Fed keeps key interest rates steady at 5.25 - 5.50% for sixth straight meet
Washington: The US Federal Reserve maintained interest rates at 5.25 percent - 5.50 percent on Wednesday for the sixth consecutive meeting, aligning with market expectations.
How global dynamics are fuelling gold price surges in India
New Delhi: Gold holds a special place among household assets in India as it has proven its value over time, offering significantly favourable returns in comparison to alternative asset categories.
IMF raises India's FY25 GDP growth forecast by 30 bps to 6.8%
New Delhi: The International Monetary Fund (IMF) increased its forecast for India's GDP growth in 2024-25 by 30 basis points to 6.8%, it said in an update to the World Economic Outlook (WEO).
Pakistan's economic outlook uncertain amid political instability: ADB report
Islamabad: The Asian Development Bank (ADB) on Thursday said that Pakistan's economic outlook is uncertain, with significant downside risks due to current political instability, media reported.
India's March retail inflation drops to 4.85%, lowest in 10 months
New Delhi: India's primary retail inflation rate dropped to its lowest point in ten months at 4.85 percent in March, according to data released by the Ministry of Statistics and Programme Implementation on Friday.
Global food prices grow first time in 7 months
Global food prices experienced a surge in March, marking the first increase since July, driven mainly by the rise in cooking oil prices, even as the costs of grains continued to decrease, stated the UN's Food and Agricultural Organization on Friday.
US witnesses moderate increase in Feb inflation
Washington: The United States witnessed a moderate increase in prices, while the expenses for services excluding housing slowed notably, indicating the possibility of a Federal Reserve interest rate cut in June.
Persistently high food prices hindering drop in inflation to 4%: RBI Bulletin
New Delhi: Food price pressures are hindering a more rapid decline in retail inflation towards the Reserve Bank's target of 4 percent, according to an article in the central bank's March Bulletin.
RBI Bulletin says India's H1FY24 growth momentum to persist in H2
Mumbai: The Reserve Bank of India's (RBI) monthly bulletin indicates that the growth momentum of the Indian economy observed in the first half of the current financial year is expected to continue into the second half.