The US' consumer price inflation slowed to 3.32 per cent in October, snapping its steady climb over for the last two months, CNN reported, adding that the decline has come as a huge sigh of relief for American consumers, who have been grappling with rising prices of essential commodities
On the domestic front, the peak impact of the rate hikes -- 250 basis points since May 2022, which has pushed interest rates above pre-Covid-19 levels -- will play out in fiscal 2024, according to a statement of CRISIL.
Consumer inflation in the US moderated in February to 6.0 per cent from 6.4 per cent the previous month, but still the numbers are way above the 2 per cent target.
Consumer inflation in the US moderated to 6.4 per cent in January from 6.5 per cent in December, and 7.1 per cent the previous month but still is way above the 2 per cent target.
Consumer inflation in the US moderated to 6.4 per cent in January from 6.5 per cent in December, and 7.1 per cent the previous month but still is way above the 2 per cent target.
In December, consumer inflation in the US moderated to 6.5 per cent from 7.1 per cent the previous month but still is way above the 2 per cent target. In October, it was reportedly 7.7 per cent.
According to exchanges, BSE Sensex dropped 176 points to 59,781.42 while NSE Nifty 50 dipped 55 points to 17,826.45 points in morning trade on Friday. It is expected that domestic stocks might strengthen later in the session.
The Reserve Bank of India's three-day monetary policy committee meeting commences today. Financial markets will be keenly watching the committee's stance as consumer inflation is still above the 6 per cent target band.
New Delhi [India], September 14 (ANI): Snapping fourth straight session gains, Indian stocks opened Wednesday's trade with a sharp cut on account of consistent red-hot consumer inflation in the US.
New Delhi [India], August 11 (ANI): Indian stocks rallied sharply on Thursday morning after consumer inflation in the US showed some moderation in July. Investor sentiments were firm on hopes that inflation has probably plateaued.
Washington [US], August 11 (ANI): Consumer inflation or Consumer Price Index in the US has moderated to 8.5 per cent in July compared to a year ago period, US Bureau of Labor Statistics data showed. The inflation print for the month was down from a four-decade high of 9.1 per cent in June.