Inflation
- Business
Average inflation rate highest in 2022, at 6.82%, since 2014
New Delhi: Amid the debate over price rise and inflation in the country, a comparison of government data since the year 2014 discloses that the all India average inflation rate is highest…
- World
Food prices soaring across developing world amid Ukraine crisis
London: Food inflation has soared across much of the developing world since Russia’s invasion of Ukraine and has trapped several richer countries in a cycle of rising prices, a report by the World…
- Business
PC shipments, chip sales growth face record slump this year: Report
New Delhi: Global semiconductor revenue is projected to slow down to 7.4 per cent this year, down from 2021 growth of 26.3 per cent, while chip sales from PCs are likely to…
- World
US Fed raises interest rates by 75 basis points
Washington: In the backdrop of an over four-decade high inflation, the US Federal Open Market Committee has raised its key policy interest rate by 75 basis points to 2.25-2.50 per cent, anticipating…
- Automobile
Tesla will lower price for cars if inflation calms down: Musk
San Francisco: Tesla CEO Elon Musk said that his electric vehicle company Tesla would pull down the prices of its car if the inflation calmed down. On the microblogging site Twitter, the…
- India
Indian rupee weakens against dollar
Chennai: The Indian rupee slightly weakened against the US dollar on Wednesday, falling below Rs 79.65. The rupee movement against the dollar will be triggered by the inflation numbers of the US…
- India
Hyderabad: Banana prices witness spike with increasing demand
Hyderabad: Banana prices have registered a spike in the city with a dozen costing Rs. 60 at the markets. A month and a half ago, the prices were around Rs. 40 a…
- Business
Asian markets fall sharply on likely US Fed action to rein inflation
Hong Kong: Asian stock markets have fallen sharply as soaring prices in America triggered fears the US Federal Reserve will take tougher action to rein in inflation. At the same time, the…
- Business
Majority feel latest moves by RBI would fail to tame inflation
New Delhi: Rising prices caused by shortages, global oil prices and supply chain disruptions have been a matter of concern for a majority of Indians ever since the first lockdown was announced…
- Pakistan
Imran Khan blames Shehbaz Sharif government for rising inflation
Islamabad: Pakistan Tehreek-e-Insaf (PTI) Chairman and former prime minister Imran Khan on Thursday blamed the Shehbaz Sharif-led government for rising inflation in the country which is adversely affecting the overburdened population. Khan…
- Opinions
A ‘Cool-Headed’ Assessment: Monetary Policy Review June 2022
The MPC hiked repo rate by 50 bps to 4.9 per cent, as was widely expected by the market. However given that recent experience had significantly reduced market’s confidence in being able…
- India
RBI raises repo rate by 50 basis points
New Delhi: The Reserve Bank of India has raised the repo rate by 50 basis points to 4.9 per cent, Governor Shaktikanta Das said on Wednesday, adding that inflation was likely to…