Inflation
Luxury goods witnessing strong demand, basic demand hit due to high inflation
“We believe all eyes rest on festive demand in the coming couple of months for the market to sustain momentum. 2Q24 will show the impact of volatile monsoons, flash floods in July and delayed recovery in rural and consumer demand in a few segments,” the research said.
Crude supply, inflation risks for India if war spreads to West Asia: Economists
They said it is a bit early to comment on the impact as the situation has to be monitored.
Pakistan inflation spikes to 31.4% amid high fuel, energy prices
The South Asian nation faces an uphill task when it comes to economic recovery under a caretaker government following the approval of a $3 billion loan by the International Monetary Fund in July.
Pakistan's weekly inflation surges 38.66%
The Sensitive Price Indicator-based inflation increased by 0.93 per cent for the week ending on September 21 as compared to the previous week, the PBS data revealed.
WPI to enter positive zone next month from negative in August
The central government on Thursday said the annual rate of inflation based on all India WPI number is (-) 0.52 per cent (Provisional) for the month of August, 2023 (over August, 2022) against (-) 1.36 per cent recorded in July, 2023.
Consumers in US hit as inflation returns raising fuel, food & rental prices
Consumer prices in the US rose by more than expected last month, driven by higher costs for rent and fuel, particularly, media reports said. The inflation rate, index of the pace of price rises, was 3.7 per cent over the 12 months to August, the Labor Department said adding up from 3.2 per cent in July.
Not just tomatoes: Wider range of food items drive 7%-plus inflation
This raises the likelihood of inflation remaining above 7 per cent in August, said a research report by broking firm, Prabhudas Lilladher.
Rapid increase in vegetable prices can push headline CPI-inflation for July much higher at 7.5%
Brinjal, another vegetable with a weight of 0.37 per cent, was up 48 per cent YoY last month and peas (weight = 0.1 per cent) has seen a price rise of more than two-thirds in July'23 vis-a-vis a year ago, Motilal Oswal Financial Services said in a report.
Wholesale price index inflation falls to 8-year low of -4.12%
The decline in WPI was due to fall in prices of mineral oils, food products, basic metals, crude petroleum & natural gas and textiles. This is the third month in a row when wholesale inflation has stayed in the deflationary zone.
Indian markets at all-time high driven by FII inflows
Christy Mathai, Fund Manager- Equity, Quantum AMC said from a macro standpoint, India stands out relative to peer countries, with inflation moderating, investing activity and growth picking up. Growth hurdles of the Indian economy have been corrected to a large extent. Infrastructure has been improving consistently, corporate balance sheet strength has improved, and the financial system is in a robust state to fund the potential growth.
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