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The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation. | Photo Credit: Andrew Harnik The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped…
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Despite a slowing job market, the share of people with more than one job has grown. In the post-pandemic era, the United States has witnessed a disturbing trend: an increasing number of people are forced to take multiple jobs to make ends meet. Of late, what was once referred to as the “gig economy” or…
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Representational Image Tracking rising temperatures is becoming a better way of forecasting food inflation in India than the rain patterns economists have typically relied on, according to HSBC Holdings Plc. The link between extreme heat, exacerbated by climate change, and the price of agricultural commodities in India has strengthened over the past decade, the bank…
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India’s wholesale prices dropped to 2.04% in July. | Photo Credit: SUSHIL KUMAR VERMA Inflation in India’s wholesale prices dropped from a 16-month high of 3.4% in June, to 2.04% in July, with the rise in food prices cooling to 3.55% from 8.7% a month earlier. However, month-on-month gains in food prices accelerated to 2.7%…
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What is inflation? In simple terms, inflation refers to an increase in the price of goods and services over a period of time. To illustrate, if five chocolates cost Rs 10 in 2020 and if the price went up to Rs 15 in 2024, it simply means that the cost of chocolates has increased over…
Image for representation purpose only. Doubling standard deduction to ₹1 lakh, increasing tax break on interest paid on housing loan and rationalisation of capital gains tax regime are some of the expectations that consultancy firm KPMG has from the Budget 2024-25 to be unveiled on July 23 in Parliament. There has been a significant rise…
Headline inflation has slowed in India mainly because of lower food prices, but the volatility of these prices remains an issue, Moody’s Ratings said. | Photo Credit: PTI Volatile and high food prices remain a concern, but base effects may help temper India’s retail inflation pace in June and possibly even cool it below 4%…
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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…
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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…
Read More “What is next for the Indian economy? | Explained” »
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…
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