"inflation"

Hyderabad: The all-time favourite comfort food for many, Maggi is going to get costlier, again! Inflationary pressure has forced companies like Nestle and Hindustan Uniliver to increase the prices of their products. Products that are likely to get costlier are Nestle’s Maggi, A+ Milk and Nescafe among others. After the announcement from the FMCG companies, […]

New Delhi: Indian economy is expected to incur an additional $70 billion burden (or 1.9 per cent of the country’s GDP) in FY23 as compared to the current fiscal at an average crude price of $120 per barrel, said brokerage house Kotak Securities. Steep crude prices will pose stiff challenges in the form of higher […]

Mumbai: Reserve Bank on Thursday announced the launch of next round of households surveys to capture inflation expectations and consumer confidence. Data gathered from the surveys, which are regularly done by Reserve Bank of India (RBI), provides useful inputs for for its monetary policy. Announcing the launch of March 2022 round of Inflation Expectations Survey […]

Kolkata: The Union Budget provided nothing to the common people who have been “crushed” by unemployment and inflation, West Bengal Chief Minister Mamata Banerjee said on Tuesday, terming it a “Pegasus spin budget”. Banerjee said the Centre was lost in “big words” signifying nothing. BUDGET HAS ZERO FOR COMMON PEOPLE, WHO ARE GETTING CRUSHED BY […]

Though there is a significant rebound in the economic activity following the lifting of pandemic-related restrictions, the expectations of a quick recovery must be tempered in tune with ground realities. While the big jump in the GST collections is a positive development, several parameters — inflation, unemployment, subdued private consumption and investment and a crippling […]

A ‘stable’ outlook should not lead to complacency as several parameters, including inflation, unemployment, are still in the red zone

Just a flattening of infection curve will not lead to restoration of normal growth trajectory

The govt must act to quickly rein in the runaway inflation before it inflicts further distress on people and erodes the demand, making an equitable recovery even more difficult

Food inflation stood at 5.26 per cent last month against 4.78 per cent in April 2021 and 5.88 per cent in the corresponding month a year ago.

Fuel rates are at record highs across the country and petrol has crossed Rs 100 a litre mark in about a dozen states and union territories.

The Consumer Price Index (CPI)-based inflation hit a six-month high of 6.3 per cent in May, from 4.3 per cent in April.

Inflation in fuel and power basket spiked to 37.61 per cent during May, against 20.94 per cent in April, amid hardening of global commodity prices.

As per the data released by the National Statistical Office (NSO), inflation in the food basket was 5.01 per cent in May, significantly up from 1.96 per cent in the preceding month.

International demand for Indian services also worsened, with new export business falling at the quickest rate in six months.

Regional markets shrugged off data showing Japan's economy contracted at 5.1% annual pace in the last quarter as numbers of new coronavirus cases surged.

Rising prices reflect growing economic activity after last year's global shutdown to fight the coronavirus pandemic.

Reserve Bank of India (RBI) has kept the key repo rate unchanged at 4 per cent to support growth in the current situation.

In 2013-14, there was double-digit inflation. In comparison to that, now inflation is less.

The numbers in December 2020 had stood at 2.35 per cent and 3.34 per cent, respectively

RBI Governor Shaktikanta Das said the growth outlook has improved significantly and the vaccination drive will help the economic rebound.