Inflation
- 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…
- Hyderabad
Gold rates break life-time high records in Hyderabad, other cities
Hyderabad: Gold rates have broken all-time high records in Hyderabad and other cities across India after the United States Federal Reserve approved a quarter-point interest rate hike, continuing its efforts to achieve…
- 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…
- Pakistan
Pakistan’s Lahore sees surge in crime rate amid inflation spike
Lahore: As Pakistanis are struggling to make the ends meet amid the rise in inflation, Lahore is seeing a massive surge in street crime, reported Dawn. According to the official data, the…
- Pakistan
Pakistanis drown under cost of living as inflation hits all-time high
Islamabad: Pakistans monthly inflation blew past forecasts in March and soared to a nearly all-time high level — 35.4 per cent — from a year earlier, with people feeling more pain from…
- World
Sri Lanka’s inflation drops further to 50.3% amid economic crisis
Colombo: Sri Lanka’s inflation decreased to 50.3 per cent in March from 50.6 per cent the previous month amid the ongoing economic crisis, official statistics revealed. The year-on-year inflation of the food…
