RBI raises retail inflation forecast for FY2023 by 6.7%
RBI MPC has increased the prediction for inflation to 6.7%, and MPC has also decided to focus on the withdrawal of accommodation.
Inflation
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RBI expected to move for another rate hike of 0.40% at review of monetary policy next week
RBI going for another round of rate hikes in the next week's review of monetary policy
Petrol, Diesel excise duty cut to bring down inflation by upto 40bps
The excise duty cut in petrol and diesel prices by the Indian government will bring down prices of petrol and diesel, and simultaneously lead to some cool off in the inflation.
Cooking gas LPG prices raised by Rs 3.50 with immediate effect by OMCs
The price of a 14 kilogramme domestic LPG cylinder has been increased by ₹3.50 with immediate effect by oil marketing companies (OMC). With this hike, a 14 kg cylinder now costs ₹1003 in Delhi.
Inflation in UK breaks 40-Year record
The annual inflation rate in the United Kingdom climbed to 9% in April from 7% a month earlier, hitting a 40-year high, the UK Office for National Statistics said on Wednesday.
WPI inflation reaches new high of 15.08 %
In April, wholesale price-based inflation hit a new high of 15.08 percent, owing to increased costs in a variety of sectors, including food and commodities. Inflation based on the WPI was 14.55 percent in March and 10.74 percent in April of the previous year.
CNG prices increase by Rs 2 per kg in Delhi-NCR
With effect from 6 a.m. on May 15, the price of compressed natural gas (CNG) in Delhi and surrounding towns has been increased by Rs 2 per kg.
Wholesale price index (WPI) inflation climbs four-month high of 14.55%
According to data provided by the commerce ministry on April 18, India's wholesale price index (WPI) inflation climbed to a four-month high of 14.55 percent in March, up from 13.11 percent in February.
US Fed to raise interest rates for combating inflation
The Federal Reserve will have to step on a tightrope to assure its actions don't derail the recovery from the COVID-19 pandemic as Russia's attack on Ukraine shows new suspicion.
RBI likely to not hike rates till August: Report
Amidst retail inflation climbing to 6.01 percent in January and expected to continue high through April, foreign brokerage research predicts that the RBI will hold key policy rates constant during the first half of 2022.
Retail inflation soars to 6.01% in January from 5.66% in December: Govt data
Last week, the RBI's MPC maintained key lending rates and its standpoint unchanged to guarantee a broad-based recovery and projected retail inflation to ease to 4.5 per cent in the next financial year.
US Fed to hike rates 7 times amid inflation at 40-year high: Goldman Sachs
The chief economist of the investment bank Goldman Sachs - Jan Hatzius and his group of economists have indicated that the Fed will go by 25 basis points at 7 back-to-back meetings of the Federal Open Market Committee.
India’s WPI: Inflation rises from 12.04% in October to 14.23% in November
The data released by the Ministry of Commerce and Industry says that the Wholesale Price Index (WPI) of India has seen a sudden spike of 2 per cent during the month of November.
India’s service sector PMI surges to decade high at 58.4 in October
Growth in the activities of the service sector has been attributed largely to the receding COVID-19 pandemic, which has led to surging demands and a subsequent boost in sales and output.
Government announces reduction in import duty on edible oil citing concerns about inflation
In two notifications issued by the Department of Revenue under the Ministry of Finance, it was announced that the customs duty imposed on crude edible oil such as palm oil, sunflower oil and soybean oil have been cut down to zero.
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