Tag: inflation

Myanmar Shop Owners Are Being Jailed For Giving A Raise To Their Employees. Here’s Why

July 3, 2024 admin

Critics say it is a desperate attempt to control the narrative around the country’s economic collapse Several business owners in Mynamnar have been arrested for giving their employees a raise amidst the country’s soaring inflation. One of at least 10 arrested business owners is Pyae Phyo Zaw, whose three mobile phone shops were shut down by…

World

What is next for the Indian economy? | Explained

June 15, 2024 admin

In its latest monetary policy review earlier this month, the Reserve Bank of India (RBI) has projected a 7.2% GDP growth for 2024-25 as opposed to its earlier estimate of 7%, with retail inflation trending down to 4.5% from 5.4% averaged last year. | Photo Credit: Getty Images/iStockphoto The story so far: The National Statistical…

Business

Sensex, Nifty scale fresh peaks as inflation cools off

June 13, 2024 admin

Equity benchmark indices Sensex and Nifty hit their fresh record levels on Thursday after lower inflation numbers raised hopes of an interest rate cut by the RBI. Besides, heavy buying in capital goods, consumer durable and industrial stocks also helped the indices, traders said. Retail inflation continued its downward slide to reach a one-year low…

Business

U.S. Federal Reserve likely to scale back plans for rate cuts because of persistent inflation

June 12, 2024 admin

Representational image of the seal of the Board of Governors of the United States Federal Reserve System | Photo Credit: AP United States Federal Reserve officials will likely make official what’s been clear for many weeks: With inflation sticking at a level above their 2% target, they are downgrading their outlook for interest rate cuts….

Business

Retail inflation eases to 4.83% in April

May 13, 2024 admin

Food inflation surged to a four-month high of 8.7% in April from 8.52% in March. Representational file image. | Photo Credit: Reuters Consumers faced a further acceleration in steep food prices in April, even as India’s overall retail inflation remained virtually unchanged at 4.83% last month, compared with 4.85% in March. Food inflation surged to…

Business

World food price index up for second month in April, says U.N. agency

May 3, 2024 admin

FAO reports says prices of food remained elevated for second month. File | Photo Credit: SUSHIL KUMAR VERMA The United Nations food agency’s world price index rose for a second consecutive month in April as higher meat prices and slight gains for vegetable oils and cereals outweighed decreases for sugar and dairy products. The Food…

Business

On the fall in household savings

April 21, 2024 admin

The fall in household savings has been at the heart of recent debates in India. The decline in household savings is brought about by a drastic reduction in net financial savings as the household net financial savings to GDP ratio attained a four-decade low. Figure 1 shows the broad trend in household savings, physical savings…

Business

Wholesale price inflation rises to three-month high of 0.53% in March

April 15, 2024 admin

Photo used for representation purpose only. A surge in cereal prices at a 12-month high enabled wholesale price inflation rise to a three-month high in March | Photo Credit: Sushil Kumar Verma India’s wholesale price inflation rose to a three-month high of 0.53% in March from 0.2% in February, with the food index rising 4.65%,…

Business

Food price uncertainties to weigh on inflation trajectory; RBI retains FY’25 forecast at 4.5%

April 5, 2024 admin

The retail inflation in February was 5.1%, while inflation in the food basket was at 8.66%. The Reserve Bank of India (RBI) on April 5 said food price uncertainties continue to weigh on the inflation trajectory going forward, even as it retained 4.5% retail inflation projection for the current fiscal. In its first bi-monthly monetary…

Business

Food inflation keeps RBI worried

April 5, 2024 admin

The spike in food prices has kept the Reserve Bank of India (RBI) worried even though overall inflation has moderated to a certain extent. On April 5, the Central bank’s Monetary Policy Committee decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%. This is the seventh time that…

Business