India’s annual retail inflation remained static in September with a marginal drop in the food prices, official data showed on Thursday. According to the data furnished by the Ministry of Statistics and Programme Implementation, September’s consumer price index (CPI) inflation remained static at 3.28% as compared to August. On a ... Read More »
India’s wholesale price inflation rate picked up in July after easing for four straight months, with food prices back on the rise. The wholesale price index rose 1.88% in July from a year earlier, compared with an increase of 0.63% in July 2016, government data showed on Monday. The rise compares ... Read More »
British pay growth after accounting for inflation almost disappeared completely in the three months to February, the clearest evidence yet that households are feeling the strain of rising prices as Brexit negotiations begin. Workers’ total earnings including bonuses rose by an annual 2.3 percent in the three months to February, ... Read More »
The Reserve Bank of India is expected to take advantage of expectations that inflation will remain low in the near-term and cut interest rates again early next year with an aim to boost already-solid growth a little bit more, a Reuters poll found. New RBI Governor Urjit Patel and his ... Read More »
The minutes of the Indian central bank’s maiden monetary policy committee (MPC) meeting, released on Tuesday, showed that broad concerns over economic growth and relief from the pullback in inflation, spurred the bank’s recent rate cut decision. The minutes from the 2-day meeting on October 3-4, which saw all six ... Read More »
Lower food prices likely cooled India’s inflation rate in August, a Reuters poll showed, but probably not by enough to give the central bank scope to ease monetary policy again anytime soon.Official data on the consumer price index is due to be released at 1200 GMT on Monday. The median ... Read More »
Google’s aggressive push into cloud computing, where it trailsAmazon.com and Microsoft, has put the internet giant in the lead position to land a marquee client: PayPal. While Google is the front-runner, according to people familiar with the matter, PayPal is evaluating the other leading providers and hasn’t made any final ... Read More »
Florian Hense, economist at Berbenberg, says low eurozone inflation of 0.2% in August is concerning for the European Central Bank: August, just like the first seven months, does not provide much evidence for a material shift in price dynamics. This remains an ongoing source of concern for the ECB. But ... Read More »
A look at the headlines right now: ‘Har har Modi’ is now ‘Arhar Modi’: Rahul Gandhi criticises BJP for price rise: The Congress leader blamed corruption in the Centre for the shortage of pulses and said the prime minister had forgotten his promises to fight inflation. Security forces may have ... Read More »
Taking his critics head on, Reserve Bank of India (RBI) Governor Raghuram Rajan has challenged them to show how inflation is “very low” before accusing him of “being behind the curve” in his focus on containing price rise than on growth and debunked such criticism as mere ‘dialogues’. Rajan, ... Read More »
Continuing the deflationary trend for 17th month, WPI inflation was at (-)0.85 per cent in March but may inch up gradually in the coming months on growing pressure on food and vegetable prices. The Wholesale Price Index-based inflation rate in March was marginally higher at (-)0.91 per cent in February. ... Read More »
