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
However, the US daily said the price of food and services climbed at an uncomfortable pace, raising the odds that the European Central Bank (ECB) will continue to lift interest rates to curb costs.
Retail inflation or (Consumer Price Index) peaked at 7.8 per cent in April 2022 to an 18-month low of 4.7 per cent in April 2023, driven by a reduction in food and core inflation. In some advanced countries, inflation had in fact touched a multi-decade high and even breached the 10 per cent
The Reserve Bank of India, in its monthly bulletin on Tuesday, noted that consumer price inflation (or retail inflation) in India remained high while core inflation defied to reflect the softening of various input costs.
India's retail inflation rate based on Consumer Price Index was 5.88 per cent in November from 6.77 per cent during October. Retail inflation in India had remained above 6 per cent till October for over three quarters, which was beyond RBI's comfort zone.
New Delhi [India], January 29 (ANI): The Economic Survey released on Friday pitched for shifting the focus from consumer price-based inflation (CPI) to core inflation.
Mumbai (Maharashtra) [India], June 12 (ANI): India's real and nominal GDP could contract by 4.7 and 3.5 per cent this year due to the Covid-19 crisis, Motilal Oswal Financial Services Ltd (MOFSL) said on Friday.