Mesquita highlighted the expectation that the global economy would grow around three per cent in 2024, slightly below the century's average, creating some slack that might contribute to reducing inflation.
Core inflation is decelerating too, albeit at a slower pace, and is expected to reach 4.5 per cent in 2024. Core inflation is the change in the costs of goods and services, barring those from the food and energy basket.
Wholesale inflation in India, based on the Wholesale Price Index, remained in positive territory for the second month after remaining in the negative zone for the seventh straight month until October.
The price of eggs in Pakistan has soared to 400 Pakistani Rupees (PKR) per dozen in Punjab's provincial capital of Lahore, ARY News reported, citing market sources on Sunday.
Once the CPI comes under control for fruits, vegetables, spices, and cereals, headline inflation is expected to drastically reduce to come near the mid-point of the RBI inflation target of 4 per cent, said SBI Research in a report.
Retail inflation in India rose at its fastest pace in four months in December 2023, largely due to a spike in cereals and products and eggs. Sub-index for vegetables though declined substantially.
The assessment predominantly leans towards a neutral stance, drawing attention to the intricate interplay of factors such as restrained economic growth, persistently high interest rates, and a backdrop of inflationary easing.
According to S&P Global Commodity Insights, the passage of the 2022 Inflation Reduction Act in the US marked the initiation of this transformative period, challenging traditional expectations and catalysing substantial capital flows.
According to S&P Global Commodity Insights, despite encouraging the inclusion of U.S.-sourced battery metals such as lithium, cobalt, and nickel in tax credit-eligible EVs, low domestic production levels are expected to keep the U.S. reliant on foreign producers.
Mumbai (Maharashtra) [India], January 4: Dr. K. V. Srinivasan, the newly elected President of the 119-year-old International Textile Manufacturers Federation (ITMF), Zurich, Switzerland, which represents the entire textile value chain across the world, has stated that the global textile indu
The overarching theme suggests a shift towards a soft landing rather than a recession, supported by falling US inflation and prospects for a more accommodative Federal Reserve policy.
Congress leader Priyanka Gandhi Vadra on Saturday slammed the Centre over the rising fuel prices and inflation in the country.
"Crude oil has become cheaper by 29% in the international market in 19 months. Oil companies have earned Rs 1.32 lakh crore profit in six months. The burden of their