The INSEE contributes the downward trend in inflation to lower energy prices and a slower increase in the prices of food products (for the fourth consecutive month) and of manufactured goods.
Investors now await retail inflation data for June to be released later today. Analysts expect inflation may see an uptick due to the sharp rise in tomato and a relative spurt in prices of pulses.
An inflation-targeting central bank like ours should have a credible inflation measure, and like every other key fiscal or monetary parameter, this too needs a check.
According to Chowdhury, the fall in retail inflation has been due to the quick drop in vegetable prices which is a seasonal phenomenon apart from the continuing softness in edible oil prices.
For emerging markets and developing economies, the shocks of 2022 will “re-open economic wounds that were only partially healed following the pandemic”
San Francisco: Soaring grocery, gas, and transportation prices remain a factor in US household pockets, with the price of flour in the run-up to Thanksgiving remains a matter of concern here. But the October inflation print at 7.7 per cent triggered a boom rally on the equity markets. Despite a 40 year inflation spike, equity […]