Washington, July 17 (IANS) The White House has hailed the latest inflation figures as evidence that President Donald Trump’s economic policies are delivering results, pointing to falling consumer prices, rising real wages and lower prices at major retailers as signs that the administration’s agenda is benefiting American families. Opening the daily White House briefing on Thursday, Press Secretary Karoline Leavitt said the latest Consumer Price Index (CPI) report had exceeded expectations.”Tuesd…
Latest Consumer Price Index News & Updates
New Delhi, July 13 (IANS) India’s retail inflation, based on the new Consumer Price Index (CPI) series, was recorded at 4.38 per cent in June this year compared to the same month of the previous year, according to data released by the Ministry of Statistics on Monday.The commodities that posted the highest inflation during the month were silver jewellery, which saw a 133.21 per cent jump in prices and gold jewellery, which clocked a 36.82 per cent increase in prices. Overall food inflation in Ju…
Seoul, July 7 (IANS) South Korea will revise items included in the consumer price index basket in a regular reshuffle, reflecting the latest trends by adding subscriptions and smartwatch-related costs, with details set to be announced in December, the statistics agency said on Tuesday.The Ministry of Data and Statistics said it will carry out the restructuring of items included in the consumer price survey, with the latest round of adjustments focusing on reflecting consumers’ spending patterns …
New Delhi, June 22 (IANS) The Reserve Bank of India’s Monetary Policy Committee (MPC) is likely to maintain a wait-and-watch approach amid elevated uncertainty, with falling crude oil prices and a stronger rupee expected to cushion inflation risks, a report said on Monday.”Uncertainty is too high for immediate action. Hold now, stay neutral, wait for clarity and keep optionality open is the underlying message of the MPC minutes,” the report from SBI Research said.The report highlighted that the …
New Delhi, June 19 (IANS) The minutes of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting released on Friday show that India has been able to withstand the disruptions of the West Asia crisis because of the strong fundamentals of the economy. MPC member Nagesh Kumar said, “The Indian economy entered the West Asia crisis with much stronger macroeconomic fundamentals than most previous economic crises (including the global financial crisis, the taper tantrum, or Covid-19)….
New Delhi, June 13 (IANS) Inflation in Telangana continues to be the highest among all states since January 2026 and now is at 6.15 per cent in May, which may be due to higher taxes on fuel, rise in rural wages and reliance on imported fresh produces, according to an SBI Research report.State-level consumer inflation statistics highlight a broad regional disparity across the country.Out of the 36 states/UTs, there are 12-14 states/UTs where inflation is higher than all India level. Inflation in …
New Delhi, June 12 (IANS) The moderation of headline retail inflation below 4 per cent reflects the resilience of India’s macroeconomic fundamentals and the effectiveness of ongoing efforts to maintain price stability, industry chamber PHDCCI said on Friday.Retail inflation, measured by the Consumer Price Index (CPI), stood at 3.93 per cent in May (year-on-year), remaining below the Reserve Bank of India’s medium-term target of 4 per cent despite a modest increase from 3.48 per cent in April.The…
New Delhi, June 12 (IANS) Economists on Friday said while a build-up in price pressures is being watched closely against the backdrop of the ongoing West Asia conflict, India’s inflation is at still below the mid-range of the 2-6 per cent target, and thereby less of an immediate policy concern.India’s retail inflation stood at 3.93 per cent in May, remaining below the Reserve Bank of India’s medium-term target of 4 per cent, according to provisional data released by the Ministry of Statistics …
New Delhi, June 12 (IANS) India’s retail inflation stood at 3.93 per cent in May, remaining below the Reserve Bank of India’s medium-term target of 4 per cent, according to provisional data released by the Ministry of Statistics and Programme Implementation on Friday.However, it slightly inches up from 3.48 per cent recorded in previous month (April). The inflation data cannot be compared with the corresponding period last year due to the rebasing of the CPI basket, which now uses 2024 as the ba…
Bhopal, June 8 (IANS) In a significant relief for contractual workers, the Madhya Pradesh government led by Chief Minister Mohan Yadav has decided to increase the remuneration of contractual officers and employees by 4.46 per cent annually. The Finance Department issued orders to this effect, making the hike effective retrospectively from April 1, 2026.The decision is expected to directly benefit around 1 lakh contractual officers and employees working in various state government departments. Th…