Inflation
- Business
US economy grew stronger than expected in second quarter
Washington: The US economy picked up steam in the second quarter despite punishing rate hikes and still-high inflation, the media reported. Gross domestic product, the broadest measure of economic output, grew by…
- India
India’s inflation rate lowest among major countries, says Nadda
Vadodara: Bharatiya Janata Party president JP Nadda on Monday said India’s inflation rate was the lowest among major countries and asserted those who kept talking about food prices were ones who do…
- India
Govt has ‘forgotten’ poor and middle class: Rahul Gandhi
New Delhi: Congress leader Rahul Gandhi on Wednesday attacked the government on issues of employment and prices of essentials, saying it has “forgotten” the poor and middle class, and is “busy” in increasing…
- India
Fitch raises India’s GDP forecast to 6.3% for current fiscal year
New Delhi: Fitch Ratings on Thursday revised upwards its FY24 economic growth forecast for India to 6.3 per cent from the six percent it had predicted earlier. This is primarily because of a…
- Middle East
Turkish President vows to reduce inflation to single digits
Istanbul: Turkish President Recep Tayyip Erdogan has said that his government would focus on reducing inflation to single digits from the current nearly 40 per cent. “The uncertainty of the election time…
- World
UK to have highest inflation rates globally in 2023: Forecast
London: A new forecast by the Paris-based Organisation for Economic Co-operation and Development (OECD) on Wednesday revealed that the UK will have one of the highest inflation rates in the developed world…
- Business
RBI-MPC may not change interest rate: Experts
Chennai: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may not change the interest rates and would continue with the ‘pause’ mode at their upcoming meeting, said experts. The MPC…
- World
SL slashes policy rates to boost economy and curb inflation
Colombo: Sri Lanka’s central bank on Thursday slashed the policy interest rates by 250 basis points, the first since the “historic contraction” of the island nation’s economy in 2022, saying it will…
- World
Argentina’s interest rate soars to 97 per cent as inflation reaches 100 per cent
Buenos Aires: The Central Bank of Argentina raised its key interest rate by six percentage points to 97 per cent in an effort to tackle soaring inflation that has reached 30-year highs.…
- Business
WPI inflation eases to 34-month low of (-) 0.92 pc in April
New Delhi: Wholesale inflation rate eased to 34-month low of (-) 0.92 per cent in April on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation…
- India
There will be no dearth of money to shield people from inflation: Ashok Gehlot
Jaipur: Rajasthan Chief Minister Ashok Gehlot on Thursday promised there would be no shortage of resources to run the public welfare schemes and protect the common man against inflation. Gehlot was addressing…
- World
Inflation forces Greeks to cut back on coffee
Athens: Meeting over a cup of coffee has long been an integral part of Greek culture. However, the inflationary pressure of the past year has forced 54 per cent of people to…
- World
US inflation at the lowest since 2021
London: US annual inflation reduced to 5 per cent last month, official figures revealed, the slowest pace for price increases since 2021 they first began to climb, according to a media report.…
- Middle East
Egypt’s annual inflation hits record high of 33.9% in March
Cairo: Egypt’s annual inflation reached a record high of 33.9 per cent in March, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced. During March, inflation rose by 3.2 per cent…