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U.S. inflation: Will scrapping China tariffs be the cure?

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 […]

China’s Xi vows ‘more forceful’ tools to achieve this year’s economic targets

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 […]

India’s Economy Shows Spark on Pent-Up Demand After Reopenings

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. […]

India’s Economy Shows Spark on Pent-Up Demand After Reopenings

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 Economy Shows Spark on Pent-Up Demand After Reopenings

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

India’s Economy Shows Spark on Pent-Up Demand After Reopenings

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