Inflation: News
19 Dec 2024
New Zealand'Worst period since 1991': New Zealand sinks into recession
New Zealand is facing its worst economic downturn since the COVID-19 pandemic, with the country's Gross Domestic Product (GDP) unexpectedly plummeting by 1% in the third quarter of 2024.
19 Dec 2024
DaburInflation will increase cost of Indian household essentials by 5-20%
Inflation is expected to disrupt household budgets, worsening urban demand.
19 Dec 2024
Indian Rupee (INR)Indian rupee breaches 85 to hit lifetime low against USD
The Indian rupee has seen a sharp depreciation, hitting an all-time low of 85 against the US dollar today.
17 Dec 2024
Nirmala SitharamanQ2 GDP slowdown was a temporary blip: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman informed the Lok Sabha on December 17 that the government views the GDP growth slowdown in Q2FY25 as a "temporary blip" and expects improvement in the coming quarters.
09 Dec 2024
Tata Motors LtdTata Motors cars become costlier by 3% from January 1
Tata Motors, one of the leading Indian automakers, has announced that it will increase the prices of its vehicles by up to 3% across its passenger vehicles portfolio.
06 Dec 2024
Reserve Bank Of India (RBI)RBI lowers FY25 GDP growth forecast from 7.2% to 6.6%
The Reserve Bank of India (RBI) has lowered its growth projection for India's Gross Domestic Product (GDP) for the fiscal year 2025.
06 Dec 2024
Goldman SachsRBI maintains repo rate at 6.5% amid inflation, growth concerns
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has opted to keep the repo rate unchanged at 6.5% for the 11th consecutive meeting.
14 Nov 2024
Reserve Bank Of India (RBI)How RBI Governor responded to commerce minister's rate cut call
Union Commerce Minister Piyush Goyal urged the Reserve Bank of India to "definitely cut interest rates" while speaking at the CNBC-TV18 Global Leadership Summit on Thursday.
14 Nov 2024
Indian EconomyIndia's wholesale inflation hits 4-month high on rising food prices
India's wholesale inflation rose to a four-month high of 2.4% in October, significantly up from last month's 1.84%.
12 Nov 2024
IndiaRetail inflation in October touches 14-month high of 6.21%
India's retail inflation, measured by the Consumer Price Index (CPI), hit a 14-month high of 6.21% in October.
11 Nov 2024
DelhiOnion prices soar to ₹80/kg in Delhi, Mumbai
Onion prices have skyrocketed in Delhi and Mumbai, going up to ₹80 per kilogram at wholesale markets.
06 Nov 2024
Reserve Bank Of India (RBI)India's services sector soars in October, hiring at 2-year high
India's services sector has shown remarkable growth in October, after a minor slowdown in September.
04 Nov 2024
Indian EconomyIndia's manufacturing activity rebounds from 9-month low in October
India's manufacturing sector has staged a remarkable comeback, with the Purchasing Managers's Index (PMI) climbing to 57.5 in October.
17 Oct 2024
IsraelGold prices surge amid global tensions, falling US treasury yields
Gold prices experienced a rise in the domestic futures market today, defying expectations and reversing a recent downward trend.
16 Oct 2024
Narendra ModiGovernment announces 3% DA hike for 1 crore employees, pensioners
The Union Cabinet, headed by Prime Minister Narendra Modi, has approved a 3% hike in the dearness allowance (DA) ahead of Diwali.
14 Oct 2024
Reserve Bank Of India (RBI)India's retail inflation rises sharply to 5.49%, surpasses RBI's target
India's retail inflation has spiked sharply, touching 5.49% on an annual basis in September. The key economic parameter now stands at a nine-month high.
14 Oct 2024
Indian EconomyInflation: Food prices rise 9.5% year-on-year in September
India's Wholesale Price Index (WPI) based inflation has risen to 1.84% in September.
11 Oct 2024
McDonald'sMcDonald's emphasizing value offerings to help customers navigate rising inflation
McDonald's Corporation is preparing for a difficult 2025, as the company expects continued financial strain on its lower-income customers.
09 Oct 2024
Indian GovernmentWill central government employees get DA hike before Diwali?
Central government employees across India are eagerly awaiting an announcement regarding a potential hike in Dearness Allowance (DA) and Dearness Relief (DR).
09 Oct 2024
Monetary Policy CommitteeRBI maintains repo rate at 6.5% for 10th consecutive time
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has voted to keep the repo rate unchanged at 6.5% for the 10th consecutive time.
08 Oct 2024
BloombergRBI Monetary Policy meeting tomorrow: Will interest rates be cut?
The Reserve Bank of India (RBI) is set to announce its much-anticipated bi-monthly monetary policy decision tomorrow.
26 Sep 2024
International Monetary FundIMF approves $7 billion loan to cash-strapped Pakistan
The International Monetary Fund (IMF) has approved a $7 billion loan for Pakistan, aiming to bolster the country's struggling economy.
22 Sep 2024
IndiaIndia set for 7% growth in FY25 despite global challenges
Deloitte South Asia's CEO, Romal Shetty, has projected a promising economic outlook for India in the current fiscal year (FY).
19 Sep 2024
EmploymentHow Fed's first rate cut in years affects global economy
The US Federal Reserve has declared a significant reduction in its principal lending rate, marking the first such move since the COVID-19 pandemic.
19 Sep 2024
BitcoinBitcoin surges 2.5% as US Federal Reserve slashes interest rates
Bitcoin's value has experienced a significant increase following the US Federal Reserve's decision to cut borrowing rates.
18 Sep 2024
BusinessPrice hikes for essential commodities this festive season? Government's answer
The government has assured citizens that there will be no price hikes for essential commodities during the upcoming festive season.
17 Sep 2024
Indian EconomyWholesale inflation in India cools down to 1.31% in August
India's wholesale inflation has dipped below 2% for the first time in four months. The decrease is attributed to a reduction in commodity and food prices.
14 Sep 2024
JP MorganJPMorgan CEO warns US of economic outcome worse than recession
Jamie Dimon, the CEO of JPMorgan Chase, has issued a warning about a potential economic scenario worse than a recession for the US.
06 Sep 2024
Federal ReserveToday's US jobs report could make or break global markets
The release of the August jobs report later today is poised to significantly impact the US economy.
02 Sep 2024
Federal ReserveWhat changes for you when central banks cut interest rates
Central banks worldwide are preparing for a significant shift in fiscal policy, with plans to reduce interest rates this fall.
21 Aug 2024
BusinessUnderstanding inflation's role in insurance costs
Inflation is a term that often surfaces in financial discussions, affecting various sectors of the economy, including the insurance industry.
14 Aug 2024
BusinessUnderstanding inflation in simple terms
Inflation is a term that often appears in news headlines and financial discussions.
14 Aug 2024
Shaktikanta DasIndia's wholesale inflation drops to 2% in July
India's wholesale inflation, measured using the Wholesale Price Index (WPI), has seen a significant decrease to 2.04% in July on an annual basis.
12 Aug 2024
Reserve Bank Of India (RBI)India's retail inflation cools to 3.5%, lowest in 5 years
India's retail inflation has experienced a significant decrease, reaching a near five-year low of 3.5% in July.
08 Aug 2024
Consumer Price Index (CPI)RBI keeps repo rate steady at 6.5%
The Reserve Bank of India (RBI) has announced its decision to maintain the repurchase rate (repo rate) at 6.5%.
19 Jul 2024
Central Bureau Of Investigation (CBI)Mohandas Pai advocates for middle-class tax relief ahead of Budget
Mohandas Pai, Chairman of Aarin Capital, has expressed concern over the growing discontent among India's middle class due to high taxation ahead of the Budget session.
17 Jul 2024
LifestyleOne-third of Americans depend on 'side hustle' for living expenses
A recent poll conducted by YouGov and disclosed by financial advice site Bankrate reveals that one-third of American adults are resorting to second jobs, or "side hustles," to cover their bills and fund discretionary extras.
15 Jul 2024
FoodIndia's wholesale food inflation touches 20-month high in June
India's wholesale inflation in June soared to a 16-month high of 3.4%, a significant increase from May's 2.6%, according to government data released today.
12 Jul 2024
IndiaIndia's retail inflation touches 5-month high of 5.1% this June
India's retail inflation rose to 5.08% in June, marking the first increase in five months, according to government data. This exceeds the previous month's 12-month low of 4.75%.
07 Jul 2024
Ayushman BharatCentre considers doubling AB-PMJAY beneficiaries, insurance amounts in 3 years
The Indian government is contemplating a significant expansion of its flagship Ayushman Bharat health insurance scheme, AB-PMJAY, over the next three years.
04 Jul 2024
Indian EconomyTax relief imperative? Why Budget 2024 needs standard deduction hike
India's Finance Minister Nirmala Sitharaman is anticipated to increase the standard deduction limit in the upcoming budget, potentially bringing good news to individuals earning salary and pension.
24 Jun 2024
Ministry of FinanceFinance Ministry considers raising standard deduction limit in income tax
The Finance Ministry, led by Nirmala Sitharaman, is contemplating an increase in the standard deduction limit for taxpayers under the new regime.
18 Jun 2024
Fitch RatingsFitch raises India's FY25 economic growth forecast to 7.2%
Fitch Ratings has revised its economic growth forecast for India in FY25 to 7.2%, up from the previous projection of 7% made in March.
15 Jun 2024
SensexSensex predicted to hit 82,000 mark in 12 months
International credit rating agency Moody's has released a report, forecasting that the BSE Sensex will reach 82,000 within the next year, marking a 14% increase.
07 Jun 2024
Monetary Policy CommitteeRBI holds repo rate steady at 6.5% for eighth time
The Reserve Bank of India's Monetary Policy Committee (MPC) has maintained the repo rate at 6.5% for the eighth consecutive time.
05 Jun 2024
Indian EconomyIndia's service sector growth hits five-month low in May
India's service sector growth slowed to a five-month low in May, as indicated by the final HSBC India Services purchasing managers' index (PMI) compiled by S&P Global.
02 May 2024
Shaktikanta DasRBI's interest rate cut expectations pushed back to late 2024
A recent survey conducted by Bloomberg indicates that the Reserve Bank of India (RBI) may postpone its planned interest rate cut until the last quarter of 2024.
12 Apr 2024
ChinaMoody's Analytics forecasts 6.1% GDP growth for India in 2024
Moody's Analytics has predicted a 6.1% growth rate for India's economy in 2024, indicating a slowdown from the previous year's expansion of 7.7%.
12 Apr 2024
United States of AmericaWhy gold and silver are trading at record high prices
Gold and silver prices soared to unprecedented levels on Friday, driven by strong US inflation data and rumors of a potential rate cut by the US Federal Reserve.
26 Mar 2024
InsuranceNatural disaster-related insured damages predicted to double in a decade
A study by the Swiss Re Institute forecasts a significant surge in insured damages from natural disasters, with an expected doubling over the next decade.
