Search For "inflation"
US Senate confirms Powell to second term as Fed chair amid inflation
Updated : 3 years, 10 months ago IST
Washington [US], May 13 (ANI/Sputnik): The US Senate on Thursday voted to confirm Jerome Powell as chairman of the Federal Reserve, making official his position as head of the country's central bank for another four-year term.
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Retail inflation jumps record 7.79 pc, economists believe RBI will continu
Updated : 3 years, 10 months ago IST
New Delhi [India], May 13 (ANI): The Consumer Price Index (CPI) Inflation for April 2022 is 7.79 per cent higher as against 6.95 per cent in March this year and 4.23 per cent in April last year, according to the government data.
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US producer prices up 11 pc in year to April, adds to inflation woes
Updated : 3 years, 10 months ago IST
Washington [US], May 12 (ANI/Sputnik): US producer prices, a measure of what retailers pay for goods at the wholesale level, rose 11 per cent in the year to April, the Labor Department said on Thursday in the latest data that showed little let-up in inflation pressure.
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Retail inflation surges to 7.79 per cent in April, highest in 8 years
Updated : 3 years, 10 months ago IST
New Delhi [India], May 12 (ANI): India's retail inflation surged to eight-year high of 7.79 per cent in April due to a sharp jump in fuel and edible oil prices, the government data showed on Thursday.
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Sensex tumbles 1,158 points; public sector banks worst hit
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 12 (ANI): The Indian stock markets' key indices, Sensex and Nifty, slumped by more than two per cent on Thursday dragged by heavy selling pressure in banking and metal stocks as high US inflation data dampened investors' confidence.
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Sensex slumps 1,089 points; banking, metal stocks dip
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 12 (ANI): The Indian stock markets' key indices, Sensex and Nifty, slumped by more than two per cent on Thursday dragged by heavy selling pressure in banking and metal stocks as high US inflation data dampened investors' confidence.
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Biden calls inflation in US 'unacceptably high'
Updated : 3 years, 10 months ago IST
Washington [US], May 12 (ANI): US President Joe Biden on Wednesday (local time) said that inflation in the country is "unacceptably high" and bringing it down is his top economic priority.
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US Consumer Prices Up 8.3% in Year to April, Slight Drop From March - Labo
Updated : 3 years, 10 months ago IST
Washington [US], May 11 (ANI/Sputnik): US consumer prices rose 8.3% in the year to April, easing slightly from March while keeping inflation in the world's largest economy not far from the four-decade highs seen in recent months, the Labor Department said Wednesday.
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Morgan Stanley lowers India's growth forecast to 7.6 per cent
Updated : 3 years, 10 months ago IST
New Delhi [India], May 11 (ANI): Global brokerage firm Morgan Stanley has lowered India's gross domestic product (GDP) growth forecast for the current financial year to 7.6 per cent citing high inflation and global slowdown.
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US gasoline prices at record high as Biden prepares to address nation on i
Updated : 3 years, 10 months ago IST
Washington [US], May 10 (ANI/Sputnik): Prices of gasoline at the pump in the United States have hit record highs and added to runaway inflation as President Joe Biden prepares to address the nation later on Tuesday on measures taken by his administration to control prices of goods and necess
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China's 'witless' Zero-COVID rules to impact global inflation
Updated : 3 years, 10 months ago IST
Beijing [China], May 10 (ANI): China's infamous Zero-COVID policy is not only harming the Chinese citizens but is also posing a significant threat to the world as the country's 'witless' rules have left hundreds of cargo ships stranded on the ports which will impact freight costs and glob
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Turkish currency hits record low against US dollar amid high inflation
Updated : 3 years, 10 months ago IST
Istanbul [Turky], May 9 (ANI/Xinhua): The Turkish currency broke through a key threshold Monday against the U.S. dollar amid the soaring inflation rate.
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