President Joe Biden’s decision to review the legacy of U.S.-China trade war started by his predecessor is now under the spotlight for reasons other than still tense relations between Washington and Beijing: inflation at home. The inflation rate hit a 40-year high in May as consumer prices surged 8.6%, the Department of Labor said on Friday. From gas […]
Inflation outlook seems benign
After raising interest rates twice in the last six months and changing the monetary policy stance from ‘neutral’ to ‘calibrated tightening’ — the new governor Shaktikanta Das’s ‘benign inflation outlook’ comment on his first day in office has made the market expect a dovish stance in the next policy review in February. Read the full […]
Import duty hiked Washing machines, ACs refrigerators and flying to cost more
A falling rupee vis-a-vis the US dollar and rising crude oil prices have prompted the government to make your life needs a bit more expensive as it hiked the customs duties on several non-essential items. These include imported washing machines ACs, refrigerators, footwear, radial tyres and aviation turbine fuel — which means costlier air tickets. […]
Inflation to hit five-month high in August on rising food costs: Poll
India’s retail inflation is expected to have picked up to a five-month high in August, largely driven by higher food costs, a Reuters poll showed, easing pressure on the Reserve Bank of India (RBI) to cut interest rates again after poor growth data. Read the full story at http://timesofindia.indiatimes.com/business/india-business/inflation-to-hit-five-month-high-in-august-on-rising-food-costs-poll/articleshow/60463041.cms SOURCE: Times of India
India’s retail inflation rises to 2.36% in July
Retail inflation jumped to 2.36 per cent in July, chiefly driven by hardening of prices in sugar and confectionery items, pan, tobacco and intoxicants. Read the full story at http://www.hindustantimes.com/business-news/india-s-retail-inflation-rises-to-2-36-in-july/story-iMb3ELFNyR537O2W4YH5WK.html SOURCE: The Hindustan Times
China’s consumer inflation up 1.4 pct in July
China’s consumer price index (CPI), a gauge of inflation, rose 1.4 percent year on year in July, the National Bureau of Statistics (NBS) said Wednesday. Read the full story at – http://news.xinhuanet.com/english/2017-08/09/c_136512093.htm SOURCE: Xinhuanet