Tag: inflation

GST rate cuts have been offset by ‘galloping’ inflation: Congress

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GST rate cuts have been offset by ‘galloping’ inflation: Congress

Congress general secretary in charge of communications, Jairam Ramesh. | Photo Credit: Shiv Kumar Pushpakar The Congress said on Monday (September 21, 2026) that the impact of GST rate cuts on a range of commodities was being eroded by “galloping inflation”, with prices of several consumer products returning to pre-cut levels within a year. Congress…

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Business

August retail inflation raises chances of RBI rate hike in October, say economists

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August retail inflation raises chances of RBI rate hike in October, say economists

RBI headquarter | Photo Credit: bl-online Administrator The 20-month-high retail inflation of 4.8% in August 2026 has significantly increased the probability of an interest rate hike by the Reserve Bank of India’s Monetary Policy Committee (MPC) in its next meeting in October, according to economists. Inflation in August as measured by the Consumer Price Index…

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Business

U.S. Fed says ‘positive’ economic outlook facing heightened uncertainty

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U.S. Fed says ‘positive’ economic outlook facing heightened uncertainty

The Fed has missed its long-term 2% target for inflation for more than five years, and U.S. households have been battered by the high prices. File | Photo Credit: Reuters The U.S. Federal Reserve on Wednesday (September 2, 2025) flagged that while the country’s general economic outlook was positive, heightened uncertainty due to high energy…

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World

Rising prices in Tamil Nadu and a ship-sized hole in household budget

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Rising prices in Tamil Nadu and a ship-sized hole in household budget

For Mahalakshmi R., who has been riding a bike taxi for nearly two years, every increase in fuel and food prices directly cuts into her daily earnings. What was once enough for three modest meals a day is no longer sufficient. “I earn an average of ₹700 to ₹1,000 each day, depending on the number…

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Nation

High Income Group: ‘The Budget is a study in contrasts’

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High Income Group: ‘The Budget is a study in contrasts’

Ranjit K. Jain | Photo Credit: Special Arrangement Name: Ranjit K. Jain Profession: Distributors and channel partners Number of family members: 4 Annual Income: ₹30 lakh For a family in the ₹30-lakh income bracket, the Union Budget is a study in contrasts. While it delivers a major victory for our global aspirations, it remains stubbornly…

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Business

WPI inflation rises to (-) 0.32% in November

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WPI inflation rises to (-) 0.32% in November

 According to WPI data, deflation in food articles was 4.16%in November, compared to 8.31% in October. File. | Photo Credit: Reuters Wholesale price inflation (WPI) came in at (-) 0.32% in November, driven by an uptick in prices of food articles like pulses and vegetables on a month-on-month basis, government data showed on Monday (December…

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Business

Psychology behind price surges – The Hindu

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Psychology behind price surges – The Hindu

By staying patient, informed and disciplined, you can break the loop of ‘artificial demand’ and avoid inflated prices. Allow time for the situation to settle. File. | Photo Credit: Reuters On September 19, U.S. President Donald Trump signed a proclamation raising the annual fee for H-1B visas to a staggering $1,00,000 a year. Almost instantly,…

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Business

Food prices to be under control, critical imports mired in uncertainty: Nirmala Sitharaman

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Food prices to be under control, critical imports mired in uncertainty: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Budget session of Parliament, in New Delhi, Thursday, Feb. 13, 2025. | Photo Credit: PTI Food prices are expected to be under control in the coming year, going by advance estimates of crop output, but the government will keep monitoring prices and act…

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Business

India’s industrial output growth drops to four-month low of 3.2% in December

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India’s industrial output growth drops to four-month low of 3.2% in December

Image for representative purpose | Photo Credit: PTI India’s industrial output growth dropped to a four-month low of 3.2% in December, with manufacturing and mining sectors rising just 3% and 2.6%, respectively, and consumer non-durables’ production slipping 7.6% from a year ago. The National Statistics Office (NSO) also downgraded the industrial production growth assessment for…

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Business