Ottawa, Jan 18 (IANS) Canada’s Consumer Price Index (CPI) rose 6.8 per cent on an annual average basis in 2022, hitting a 40-year high, the national statistical agency said. Statistics Canada said the price increases were broad-based in 2022 and higher
New Delhi, Dec 21 (IANS) Finance Minister Nirmala Sitharaman on Wednesday said that the government is keeping an eye on price rise, which, she said, currently is “extraneous” due to prices of fuel and fertiliser. Responding to a discussion on Supplementary
New Delhi, Nov 28 (IANS) The Reserve Bank of India (RBI), during the last meeting of its monetary policy committee (MPC) on September 30, had hiked repo rates by 50 basis points for the fourth consecutive time since May. The aim
New Delhi/Chennai, Nov 14 (IANS) India’s wholesale price inflation (WPI) in October fell to a 20-month low 8.39 per cent year-on-year, since March 2021. It was also less compared to 10.70 per cent in September, mainly due to a slide in
New Delhi, Oct 17 (IANS) The Reserve Bank of India (RBI) has expressed optimism that headline inflation is set to ease from its September high, albeit stubbornly, on the back of easing momentum and favourable base effects. These observations have been
Washington, Oct 17 (IANS) Finance Minister Nirmala Sitharaman has reiterated that the inflation rate, which is hovering over 7 per cent in India, is “at a manageable level” compared to where some other countries are at present. But anticipating critics,
New Delhi, Oct 14 (IANS) India’s wholesale price index or WPI-based inflation slid to an 18-month low of 10.7 per cent in September from 12.41 per cent in August, mainly due to easing food index and manufactured products prices, official data
New Delhi, Oct 13 (IANS) Retail inflation rose to 7.41 per cent in September from 7 per cent in August, mainly due to higher food inflation which went up sharply to 8.6 per cent from 7.6 per cent in August. September’s
Jamnagar (Gujarat), Oct 11 (IANS) Prime Minister Narendra Modi on Monday said that inflation in the country is much lower than that in developed countries. “Compared to developed countries, inflation is quite low, for example the British are witnessing the worst
Dhaka, Sep 30 (IANS) The central bank of Bangladesh has hiked the repo rate by 25 basis points (bps) to 5.75 per cent in a bid to rein in inflation. The Monetary Policy Committee of the Bangladesh Bank (BB) took the
New Delhi, Sep 27 (IANS) Prime Minister Narendra Modi will hold a meeting of his Council of Ministers on September 28, sources privy to the development said, with the focus likely being on rising inflation and state of economy. With Opposition
New Delhi, Sep 16 (IANS) With inflation remaining beyond the RBI’s tolerance level of 6 per cent for the past eight months, the central bank has noted that this underscores the need for the monetary policy to keep second order effects
New Delhi, Sep 14 (IANS) Wholesale inflation slid slightly to 12.41 per cent in August from 13.93 per cent recorded in July 2022, according to data released by the Commerce Ministry. Inflation in August, however, was much lesser than 16.23 per
New Delhi, Aug 16 (IANS) India’s wholesale inflation came down to 13.93 per cent in July, data released by the Ministry of Commerce & Industry showed on Tuesday. The wholesale price index (WPI) had spiked to 15.18 per cent during the
Mumbai, Aug 14 (IANS) India’s headline retail inflation rate, as measured by the Consumer Price Index (CPI), eased to 6.71 per cent in July, as compared to 7.01 per cent in June, according to the data released by the Ministry of
The WPI-based inflation declined marginally in June to 15.18 per cent against 15.88 per cent in May, due to a dip in prices of manufactured products but those of primary articles and fuel and power still edging up, an official
Chennai, July 14 (IANS) Inflation in Asia Pacific economies is expected to subside earlier as commodity prices retreat, but country-specific factors could lead to different inflation outcomes, said Moody’s Analytics. A combination of factors like the extreme weather, the Covid-19 pandemic
New Delhi, July 10 (IANS) The inflation in India is expected to ease in a gradual manner in the second half of FY23, said Shaktikanta Das, Governor, Reserve Bank of India (RBI) on Saturday. Speaking at the Kautilya Economic Conclave, organised
Reserve Bank of India Governor Shaktikanta Das, while estimating India’s overall retail inflation for FY23 at 6.7 per cent, said that the 75 per cent of the increase in inflation projections can be attributed to the food group. New Delhi,
India’s wholesale inflation gauged by the Wholesale Price Index rose to 15.08 per cent in April from 14.55 per cent in March, official data showed. New Delhi, May 17 (IANS) India’s wholesale inflation gauged by the Wholesale Price Index rose to
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