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Wholesale price-based inflation remained in the negative territory for the fifth straight month in August at (-)0.52 per cent
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However, core inflation, which strips out volatile food and energy prices, continued to slow, CNN reported citing data from the Bureau of Labor Statistics
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Retail inflation declined to 6.83 per cent in August after touching a 15-month high of 7.44 per cent in July, mainly due to softening prices of vegetables, but still remains above the Reserve Bank's comfort zone.
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Both monetary and fiscal policy must work in tandem to contain the inflationary spiral with timely supply-side interventions to ‘limit the severity and duration of such shocks’
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The Consumer Price Index (CPI) based inflation was at 7.44 per cent in July and at 7 per cent in August 2022, as per the data released by the National Statistical Office (NSO) on Tuesday.
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Congress leader Jairam Ramesh on Tuesday lashed out at the BJP-led Central government over inflation and unemployment.
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Egypt's annual inflation rate hit a new record high in August, as the cash-strapped country continues to battle price hikes and a depreciating currency
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Last week, RBI Governor Shaktikanta Das also said that the central bank expects inflation to moderate from September onwards
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India's services sector activity eased in August but growth rates for new orders remain elevated, as services firms indicated the sharpest upturn
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Automobile retail sales in India rose by 9 per cent in August aided by sales growth in all segments, including passenger vehicles and two wheelers
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Foreign investors have slowed down the pace of inflow to Rs 12,262 crore in August on higher crude oil prices and resurfacing of inflation risks
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Pakistan's inflation rate remained over the target in August at 27.4 per cent as reforms outlined as requirements for an IMF loan make it more difficult to control price pressures
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Reserve Bank Governor Shaktikanta Das on Friday said the central bank expects inflation to moderate from September onwards
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Protests in Pakistan continue to gain momentum with each passing day as hundreds of thousands of locals burn their electricity bills, rejecting the imposed high tariffs and taxes
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This figure includes investment through the primary market and bulk deals, which have been gathering momentum recently
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Focus must be on public infrastructure, health and social protection, which can create jobs and improve productivity
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Finance ministry on Tuesday said price pressure on food items is expected to be transitory, with tomato prices seeing a decline
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On a week-on-week basis, the weekly inflation, measured by the Sensitive Price Index, rose 0.78 per cent, showing a rising trend for the past four consecutive weeks
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Domestic equities had weak handover from its global peers as high US inflation and mounting trouble in China's real estate market dented the sentiments
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The inflation, however, has inched up from (-)4.12 per cent recorded in June fuelled by 62.12 per cent rise in vegetable prices