Friday, November 22

Tag: Consumer Price Index

Retail inflation eases to 4.85% in March, IIP grows 5.7% in February | Economy & Policy News
12Apr By adminNo Comments
Business

Retail inflation eases to 4.85% in March, IIP grows 5.7% in February | Economy & Policy News

3 min read Last Updated : Apr 12 2024 | 7:02 PM IST Retail inflation declined to a five-month low of 4.85 per cent in March mainly due to cooling food prices, according to official data released on Friday. The Consumer Price Index (CPI) based retail inflation was 5.09 per cent in February and 5.66 per cent in March 2023. Previously, CPI-based inflation was the lowest at 4.87 per cent in October 2023. The inflation in the food basket was at 8.52 per cent in March, down from 8.66 per cent in February, according to the data released by the National Statistical Office (NSO). The government has tasked the Reserve Bank to ensure inflation remains at 4 per cent, with a margin of 2 per cent on either side. According to the Reserve Bank, which factors in consumer...
Read More
Shale Is Keeping the World Awash With Oil as Conflicts Abound
1Jan By adminNo Comments
World

Shale Is Keeping the World Awash With Oil as Conflicts Abound

Updated Jan. 1, 2024 12:05 am ETA surprise surge in American oil and gas production and exports is helping to keep the world stocked, blunting the impact of widening conflict in the Middle East that has crimped key shipping lanes. When Iranian-backed Houthi militants began launching missiles and drones at ships crossing the Red Sea near Yemen in October, many feared disruption to the vital shipping lane would drive up energy prices. But oil and gas prices this past month have sunk about 5% and 23%, respectively. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Shale Is Keeping the World Awash With Oil as Conflicts Abound
1Jan By adminNo Comments
Money

Shale Is Keeping the World Awash With Oil as Conflicts Abound

Updated Jan. 1, 2024 12:05 am ETA surprise surge in American oil and gas production and exports is helping to keep the world stocked, blunting the impact of widening conflict in the Middle East that has crimped key shipping lanes. When Iranian-backed Houthi militants began launching missiles and drones at ships crossing the Red Sea near Yemen in October, many feared disruption to the vital shipping lane would drive up energy prices. But oil and gas prices this past month have sunk about 5% and 23%, respectively. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
China Central Bank to Help Boost Consumer Prices Amid Deflation Risks
29Dec By adminNo Comments
World

China Central Bank to Help Boost Consumer Prices Amid Deflation Risks

Dec. 29, 2023 1:20 am ET|WSJ ProChina’s central bank has vowed to boost consumer prices as the world’s second-largest economy is battered by tepid demand and weakening confidence.The People’s Bank of China said it would “promote price recovery from low levels and keep prices at reasonable levels,” according to a statement released late Thursday summarizing the central bank’s fourth-quarter monetary policy meeting.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
How Can Spending Be Up When People Feel Down?
27Dec By adminNo Comments
Money

How Can Spending Be Up When People Feel Down?

Dec. 26, 2023 11:00 pm ETAccording to the Misery Index, Americans shouldn’t be all that miserable. But they might only recently have started to catch on.Invented by the economist Arthur Okun, the Misery Index is the simple summing of the unemployment rate and the inflation rate. It first rose to prominence in the 1976 presidential election, when Jimmy Carter highlighted its high level in his campaign to unseat President Gerald Ford. This came back to bite him: When President Carter was running for re-election against Ronald Reagan in 1980, the index was even higher.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Where Did All the Money Go? The Villain in Your Transaction History
26Dec By adminNo Comments
Money

Where Did All the Money Go? The Villain in Your Transaction History

Listen to article(2 minutes)WSJ’s Personal Finance team presents a series on how to fix your financial life in 2024. First up: taking on lifestyle creep.Anyone trying to figure out why they are scraping by at the end of the year could safely pin part of the blame on inflation. Higher prices have made it easier than ever to miss that other sneaky cause of overspending: lifestyle creep. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Where Did All the Money Go? The Villain in Your Transaction History
26Dec By adminNo Comments
World

Where Did All the Money Go? The Villain in Your Transaction History

Listen to article(2 minutes)WSJ’s Personal Finance team presents a series on how to fix your financial life in 2024. First up: taking on lifestyle creep.Anyone trying to figure out why they are scraping by at the end of the year could safely pin part of the blame on inflation. Higher prices have made it easier than ever to miss that other sneaky cause of overspending: lifestyle creep. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Retail Inflation Jumps To 5.55% In November 2023; IIP Growth At 16-Month High of 11.7% in October 2023
13Dec By adminNo Comments
Business

Retail Inflation Jumps To 5.55% In November 2023; IIP Growth At 16-Month High of 11.7% in October 2023

Published By: Mohammad HarisLast Updated: December 12, 2023, 18:02 ISTOfficial inflation data for November 2023 has been released.Retail Inflation In November 2023, IIP in October 2023: Though the 5.55 per cent CPI inflation is far from the RBI's medium-term target level of 4 per cent, it is within the tolerance limit of 2-6 per centIndia’s retail inflation, based on the Consumer Price Index (CPI), in November 2023 increased to 5.55 per cent, according to the latest official data released on Tuesday. Though the 5.55 per cent CPI inflation is far from the RBI’s medium-term target level of 4 per cent, it is within the tolerance limit of 2-6 per cent.Meanwhile, India’s industrial output, based on IIP, growth stood at a 16-month high of 11.7 per cent in October 2023, according to the latest ...
Read More