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RBI Governor Shaktikanta Das said the central bank is concerned and it has identified high inflation as a major risk to macro-economic stability and sustainable growth
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RBI typically conducts six bi-monthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various macroeconomic indicators
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The index particularly increased due to the rise in energy prices, as the pace of increase in perishable food items reached single digits.
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Pakistan faces an uphill task when it comes to economic recovery under a caretaker government following the approval of a $3 billion loan by the International Monetary Fund in July
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The decision to increase the price of commercial LPG gas cylinder by Rs 209 have left the shopkeepers and restaurateurs running tea, samosa and kachori shops very worried.
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FPIs have turned net sellers and pulled out of over Rs 14,767 crore from Indian equities in September, primarily due to dollar appreciation
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Reserve Bank is likely to maintain status quo on policy rates for the fourth time in a row at its bi-monthly monetary policy review meeting
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The report also points out that while the currencies of developing economies in Asia have marginally depreciated, Pakistan's currency has seen a steep devaluation of 30%
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Retail inflation for farm workers and rural labourers eased marginally to 7.37 per cent and 7.12 per cent, respectively in August this year
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US Federal Reserve in its September policy meeting left the key interest rate unchanged at 5.25-5.50 per cent but cautioned it may go for additional tightening of monetary policy
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The rise in the rate brings the price of petrol to PKR 333.38 per litre and the rate of high-speed diesel is PKR 329.18 per litre
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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