He said that India was also engaging with other countries for global regulations on cryptocurrencies, and India's role in such actions
The UK Consumer Price Index rose by 9.0 per cent in the 12 months to April 2022, up from 7.0 per cent in March
Britain's Consumer Prices Index (CPI) rose by 9.0 per cent in the 12 months to April 2022, the highest level since 1982, the British Office for National Statistics (ONS) said Wednesday.
"Pulses prices remained steady, although tur prices have moderated while masoor prices edged up. Edible oils prices registered a broad-based increase," the report said.
It should not defend currency to contain inflation
The RBI's Monetary Policy Committee is likely to hike the repo rate in June after it had announced a 40 basis point increase in it in an off-cycle announcement earlier this month
Our government need not merely wait for the global commodity prices to drop but take active measures to supplement the actions of the monetary authorities
Given the tone of urgency in RBI's statement to support the altered inflation-growth dynamics, "we now revise our call and expect the RBI to hike repo rate by an additional 60 bps in the rest of FY23"
"Since the beginning of 2022, the year-on-year rate of change of the CPI has shown a significant acceleration," the INE was quoted by Xinhua news agency as saying
This increase was driven by the monthly increases in both food and non-food categories, according to the central bank on Friday
The comparative numbers spell bad news for the world rather than any good news for India, whose growth forecasts are getting tempered even as the inflation picture is getting worse, writes T N Ninan
Price rise in fuels will only reflect in April numbers
CLOSING BELL: Axis Bank, Kotak Bank, Maruti Suzuki, Power Grid, SBI Life, and ICICI Bank were the top winners on the benchmark indices, rising upwards of 0.5 per cent each
Moderate your return expectations after the 18-month bull run
While February was once forecast as the peak for US inflation, now readings are set to increase to above 8 per cent, according to some economists
The foreign ministers of Russia and Ukraine met on Thursday in Turkey, the highest level contact between the two countries since the war began on February 24
Notably, high commodities cost especially of transport fuel prices triggered a wider inflationary trend in January 2022
While many analysts forecast Japan's consumer inflation will accelerate in coming months, price rises are still seen modest compared to those in other economies such as the United States
'Consumer inflation will pick up from next month onward on higher food and energy prices,' said Taro Saito, executive research fellow at NLI Research Institute
The producer price index (PPI) increased 9.1% from a year ago, the National Bureau of Statistics (NBS) said in a statement on Wednesday, slower than the 9.5% growth tipped by a Reuters poll