Responding to the Congress MP Priyanka Gandhi's statement on inflation, Union Minister Jyotiraditya Scindia said on Wednesday pointed out that the inflation rate has decreased significantly under the leadership of Prime Minister Narendra Modi, from 8-9% in 2014 to 4.5-5% currently.
India's Consumer Price Index (CPI)-based inflation rate for September reached 5.49 per cent from 3.65 per cent in August, reflecting an uptick primarily due to higher food prices
The WPI for all commodities in August stood at 154.5, showing a slight decrease from 155.2 in July. Primary articles, which hold a weightage of 22.62 per cent, registered an index of 194.9 with a year-on-year inflation rate of 2.42 per cent, down from 3.08 per cent in July.
US Federal Reserve Chair Jerome Powell gave a strong indication that it was time for the US central bank to reduce interest rates as inflation rates were aligning with its target.
The easing inflation and weakening job market trends in the US, as revealed in the recent figures will push the Federal Reserve to cut interest rates which will lead to lower rates in developing countries like India, indicates S&P Global on Friday.
Digitalization is influencing price levels through direct and indirect channels. Under the direct channel, digitalization is feeding into lower inflation rates through a decline in the prices of ICT-related goods. This has been observed in the post-pandemic period across both hardware and so
The consumer price inflation (CPI) for agricultural labourers (AL) and rural labourers (RL) has surged to 7.02 per cent and 7.04 per cent year-on-year in June 2024, highlights the latest data from the Ministry of Labour & Employment.
CM Yadav told ANI, "I extend my greeting on the budget presented on the basis of Viksit Bharat. I want to congratulate Finance Minister Nirmala Sitharaman as well, through whom the shine of India and the spirit of controlling the inflation rate is reflected. Especially the nine key priori
The detailed index numbers and inflation rates for 'All Commodities' and the major components of WPI for the last three months show that the WPI for all commodities (weight 100 per cent) increased from 152.9 in April (1.19 per cent inflation) to 153.3 in May (2.61 per cent inflation) and