The average headline inflation is set to accelerate to a nine-year high at 6.9 per cent in FY23, and the Reserve Bank may go for more rate hikes during the fiscal, a domestic ratings agency said
The government and RBI are also circumspect as soaring inflation is hitting the common man hard. But what is CPI-based inflation and how is it calculated? Let us understand
The RBI hiked its key rate by 0.40 per cent in a surprise move last week while keeping an accommodative stance
"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
Higher interest rates may complicate the financing of a record $200 billion government borrowing programme, bigger than even in the first year of the pandemic.
While input costs increased at the fastest rate in nearly 14 years, prices charged rose at their quickest rate in around half a decade.
Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India, said he expected repo hikes in June and August policy review meetings too
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In currency markets, Putin's remarks were a major driver with the euro up 0.1% against the dollar but just above a five-week low
The heavily indebted country has little money left to pay for imports, meaning fuel, power, food and, increasingly, medicines are in short supply
Global share prices eased and US Treasury yields hit multi-year highs on Wednesday as investors bet that US Fed will couple shrinking of its balance sheet next month with a big interest hike
RBI's rate-setting panel started discussions to firm up the next bi-monthly monetary policy amid expectations that it might retain status quo on interest rate but change its monetary policy stance
The US Federal Reserve is widely expected to start raising interest rates from near zero this week amid skyrocketing inflation, which has been rising to the highest level in 4 decades, economists said
Indian retail inflation likely slipped marginally in February, thanks to lower food prices, according to economists who still warned that surging oil prices will push inflation much higher in future
Euro tumbled to a fresh 22-month low on the dollar and hit multi-year troughs on the yen, Swiss franc and sterling as Ukraine war drove up commodity prices and stoked fears of a stagflationary sho
Sri Lankan central bank raised interest rates, its second straight increase, to curb growing inflationary pressures amid an ongoing foreign exchange crisis that threatens to derail domestic economy
Sri Lankan central bank raised interest rates, its second straight increase, to curb growing inflationary pressures amid an ongoing foreign exchange crisis that threatens to derail domestic economy
Despite retail inflation rising to 6.01% in January, and likely to remain elevated till April, a foreign brokerage report expects RBI to leave key policy rates unchanged during the first half of 2022.
The Reserve Bank's inflation projections, Das said, are "robust" but contingent on downside and upside risks associated with the movement of global crude oil prices
There's a sort of major delicate balance between inflation and growth and the Reserve Bank is fully aware of its commitment to inflation, says Shaktikanta Das