Earlier on Monday, the government data showed that the Consumer Price Index (CPI)-based inflation was at 6.44% in February
US inflation, Nomura said, is still elevated and the Fed will look to bring it down going ahead.
Transportation (5.9 per cent), home equipment and maintenance (5.4 per cent), and health (4.9 per cent) also reported strong monthly hikes
The report mentioned the debate on disclosure of the RBI's failure to meet the flexible retail inflation target of 2-6% for three straight quarters between January and September
While mired in a terrible economic crisis, Pakistans inflation created a new record in January and reached the highest level after 1975, mainly due to supply constraints
The euro held near a nine-month peak against the dollar, as traders weighed a rosier growth outlook for the euro zone against growing signs of a looming US recession
The increase in prices of basic commodities was behind the rise in the monthly inflation rate: CAPMAS said
Only five counters closed in the red -Tata Steel, Nestle India, Maruti Suzuki, Titan and HUL, slipping up to 0.54 per cent
India's inflation numbers might be better than official data suggests once the massive impact of a government food program is factored in, according to a report released Monday
Firms grappling with high inflation and soaring operating costs are seeking fresh short-term liquidity lines in an echo of the worst days of the 2020 coronavirus pandemic
The US Consumer Price Index (CPI) data due at 1230 GMT is forecast to come in at a hot 8.1% year-on-year in September
U.S. gold futures were down 0.2% to $1,737.00
Nevertheless, an upside surprise to inflation will easily cement market expectations of another outsized 75 basis points rate hike
Gold's moves seemed to be overshadowed by silver, which usually follows gold but can be additionally influenced by economic cues given its industrial uses
Prices in Italy were 8.4 per cent higher in August than they were a year earlier, a level that had not been recorded since December 1985, the country's National Institute of Statistics reported
Margin pressures may continue on competitive pressures, input cost inflation
India is facing the external pressures of higher commodity prices, US dollar dominance, and tightening financial conditions from a position of relative strength: S&P
Average paychecks are rising faster than they have in decades, but not fast enough to keep up with those rising costs. As a result, some people who had retired have returned to the workforce
Economists polled by Reuters had forecast a 0.2% rise on the heels of a roughly 20% drop in the cost of gasoline
(Reuters) - Gold consolidated in a narrow range on Tuesday, buoyed by a softer dollar but held back as investors refrained from big bets until the release this week of U.S. inflation data expected to influence the pace of interest rate hikes.