Citing the sharp rise in food prices, economists at a foreign bank have forecast a steeply higher retail inflation print for July, pegging it at 6.7 per cent, up 190 basis points from the previous month. Deutsche Bank India economists led by chief economist Kaushik Das, in a report on Monday ahead of… Continue reading Rising food prices may push July inflation up by 190 bps to 6.7%: Report
Tag: inflation
Gold off three-week lows as investors brace for US inflation data
By Swati Verma (Reuters) – Gold prices dipped on Monday as the U.S. dollar climbed ahead of U.S. inflation data this week. Still, bullion was off three-week lows after slowing U.S. job growth knocked bond yields from their recent highs. Spot gold was down 0.3% at $1,936.80 per ounce by 0757 GMT,… Continue reading Gold off three-week lows as investors brace for US inflation data
No end in sight? Food price hike likely to disturb India’s inflation maths
January retail inflation rises to 6.52%, highest since October 2022 Retail inflation eases marginally to 6.44% in February from 6.52% in Jan For a veg thali of Rs 100, Indians paid Rs 109 in 2022; Rs 132 for non-veg India’s food inflation bites harder as risks build for global supplies Inflation bites off Jubilant Food’s… Continue reading No end in sight? Food price hike likely to disturb India’s inflation maths
RBI may continue to hold rate amid concern over inflation: Experts
The Reserve Bank is likely to continue with the pause on the key interest rate at its upcoming monetary policy review, as concerns on the inflation front and keeping the borrowing cost stable to maintain the economic growth momentum persist, said experts. The RBI Governor-headed six-member Monetary Policy Committee’s (MPC) meeting is scheduled… Continue reading RBI may continue to hold rate amid concern over inflation: Experts
US inflation data may offer some comfort to the Fed, CPI likely to rise .2%
By Vince Golle and Craig Stirling A closely watched measure of US inflation will probably illustrate more of the moderate price growth that the Federal Reserve wants to see sustained. The consumer price index is projected to rise 0.2 per cent in July for a second month after excluding food and… Continue reading US inflation data may offer some comfort to the Fed, CPI likely to rise .2%
Pakistan’s inflation touches 29.8% amid rise in food, energy prices
A series of sharp rises in energy and food prices in Pakistan, pushed its weekly inflation up by 1.30 per cent and annualised inflation up to 29.83 per cent, Geo News reported on Saturday citing The News. According to the Pakistan Bureau of Statistics (PBS), the increase in the sensitive price indicator (SPI)… Continue reading Pakistan’s inflation touches 29.8% amid rise in food, energy prices
ECB’s Philip lane sees inflation slowing significantly later this year
European Central Bank Chief Economist Philip Lane. (Photo: Bloomberg) By Jana Randow European Central Bank Chief Economist Philip Lane is confident that inflation in the 20-nation euro zone will retreat markedly in the coming months, adding to evidence that interest rates are close to their peak. While price pressures won’t hit… Continue reading ECB’s Philip lane sees inflation slowing significantly later this year
Prices begin to pinch Turkey again, inflation jumps to nearly 48%
Turkish inflation ended its eight-month deceleration in July, putting it on track for a surge that the central bank only expects to peak closer to the middle of next year. Consumer prices jumped an annual 47.8 per cent, from 38.2 per cent in June, statistics office data showed Thursday. The median forecast… Continue reading Prices begin to pinch Turkey again, inflation jumps to nearly 48%
BoE set to join Fed in raising interest rates again amid high UK inflation
The Bank of England is set to raise interest rates Thursday for the 14th time in a row to a fresh 15-year high and keep the door open for further increases in the months to come as it tries to tamp down persistently high inflation. Most economists think the UK central bank will… Continue reading BoE set to join Fed in raising interest rates again amid high UK inflation
Retail inflation for industrial workers rises in June due to higher prices
Retail inflation for industrial workers inched up to 5.57 per cent in June compared to 4.42 per cent in May this year, mainly due to higher prices of certain food items. “Year-on-year inflation for the month stood at 5.57 per cent compared to 4.42 per cent for the previous month (May) and 6.16… Continue reading Retail inflation for industrial workers rises in June due to higher prices