NEW DELHI: Retail inflation slowed to a more than 5-year low in March on the back of sharply moderating food prices, paving the way for the Reserve Bank of India (RBI) to cut interest rates in the months ahead to support growth against the backdrop of global uncertainty.Data released by the National Statistical Office (NSO)…
The cloud behind the inflation silver lining Even upbeat economic news can offer little comfort to markets and the C-suite. Stocks look set to open lower as relief over Wednesday’s better-than-expected inflation report fades, and concerns grow that a trade war could sap consumer spending and corporate profits. That’s led more corporate chiefs to speak…
European Union leaders have been clear that they want to negotiate with the United States on trade to avoid a full-blown conflict. But with no deal in sight, officials announced a plan on Wednesday that is meant to hit back hard as steel and aluminum tariffs come into effect. President Trump has imposed 25 percent…
Retail inflation or Consumer Price Index (CPI) inflation for the month of February eased to a 7-month low of 3.61%. This is well within the Reserve Bank of India (RBI’s) comfort zone and will likely encourage the Monetary Policy Committee (MPC) to cut repo rate in the April review to boost GDP growth.The All India…
As President Trump’s efforts to restructure the global trade system with expansive tariffs begin to take shape, one question continues to dog officials at the Federal Reserve: How will these policies impact the central bank’s plans to lower interest rates? One influential Fed governor made clear on Monday that he did not expect Mr. Trump’s…
U.S. inflation rose to 3 percent in January, strengthening the case for the Federal Reserve to extend a pause on interest rate cuts. The Consumer Price Index jumped more than expected, data from the Bureau of Labor Statistics showed on Wednesday, rising 0.5 percent from December in what was the fastest monthly increase since August…
Retail inflation eased to a five-month low at 4.31 per cent in January primarily due to declining food costs, as per the official data released on Wednesday. The Consumer Price Index-based retail inflation stood at 5.22 per cent in December and 5.1 per cent in January 2024Additionally, food inflation stood at 6.02 per cent, showing…