Here's where inflation stands today — and why it's raising hope about the economy
1 year, 7 months ago

Here's where inflation stands today — and why it's raising hope about the economy

NPR  

Here's where inflation stands today — and why it's raising hope about the economy Enlarge this image toggle caption Brandon Bell/Getty Images Brandon Bell/Getty Images Inflation got a little higher last month — but not enough to set off alarms. Stocks rallied on the news, which bolstered hopes for a "soft landing," in which the Federal Reserve brings inflation under control without tipping the economy into recession. Although consumer prices rose more in July on an annual basis than they did in June, that shouldn't be read as inflation gaining steam. Even before Thursday's inflation news, markets were betting the Fed would leave interest rates unchanged at its next meeting after raising rates aggressively since last year.

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History of this topic

U.S. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
1 week, 4 days ago

U.S. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

The Hindu  

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. Powell acknowledged that the Fed initially thought inflation coming out of the pandemic would be temporary, which led it to delay raising rates to combat higher prices. "We’re going to …

Fed projections show economy radically changed by Trump’s election
1 week, 4 days ago

Fed projections show economy radically changed by Trump’s election

Live Mint  

The Federal Reserve’s first set of projections since Donald Trump’s inauguration underscored—in the central bank’s understated and technocratic fashion—just how much the president’s plans to press ahead with widespread tariffs have turned the economic outlook on its head. “We now have inflation coming in from an exogenous source, but the underlying inflationary picture before that was basically 2½% inflation, 2% …

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
Trending News
1 week, 4 days ago

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

Hindustan Times  

WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged The Fed also now expects the economy to grow more slowly this year and next than …

Federal Reserve keeps interest rate unchanged, sees slower growth and higher inflation
1 week, 4 days ago

Federal Reserve keeps interest rate unchanged, sees slower growth and higher inflation

Firstpost  

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year, though it said the outlook is more uncertain US Federal Reserve Chair Jerome Powell holds a press conference after the Monetary Policy Committee meeting, at the Federal Reserve in Washington, DC on Wednesday. AFP The Federal Reserve kept …

The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged
1 week, 5 days ago

The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged

Associated Press  

WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. I do think with the arrival of the tariff inflation, further progress may be delayed.” On his Truth Social platform late Wednesday, Trump posted: “The Fed would be …

'Stagflation' fears grow as US Fed prepares key interest rate decision
2 weeks ago

'Stagflation' fears grow as US Fed prepares key interest rate decision

India Today  

When Federal Reserve officials last met in late January, things looked pretty good: Hiring was solid. But even a mild version with unemployment rising from its current low level of 4.1%, while inflation stayed stuck above the Fed's 2% target would pose a challenge for the central bank. One development likely to unnerve Fed officials is the sharp jump in …

Inflation vs Growth: What’s bothering US consumers the most ahead of US Fed policy meeting? Survey reveals..
2 weeks, 1 day ago

Inflation vs Growth: What’s bothering US consumers the most ahead of US Fed policy meeting? Survey reveals..

Live Mint  

Inflation vs Growth: US consumer sentiment plunged to a 2-1/2-year low in March 2025, and inflation expectations soared amid concerns that US President Donald Trump's sweeping tariffs, which have ignited a trade war, would boost prices. The preliminary report shows that consumers’ expectations of annual US inflation climbed to 3.9 per cent from 3.5 per cent, the largest monthly jump …

U.S. consumer inflation unexpectedly up, Trump blames Biden
Trending News
1 month, 2 weeks ago

U.S. consumer inflation unexpectedly up, Trump blames Biden

Raw Story  

by Daniel AVIS U.S. consumer inflation unexpectedly accelerated last month, data showed Wednesday, in a moment of potential political peril for President Donald Trump, who quickly blamed the uptick on his predecessor Joe Biden. "The jump in consumer prices in January supports our view that the Fed will hold rates steady at least through of this year," Nationwide chief economist …

Dollar edges up on bets of US growth, inflation
3 months ago

Dollar edges up on bets of US growth, inflation

Live Mint  

By Karen Brettell NEW YORK - The U.S. dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming Donald Trump administration that are expected to boost growth and lift inflation. Looser business regulations and tax cuts are expected to help propel U.S. growth next year while analysts say that a clamp-down …

Investors shouldn’t count on much help from the Fed next year
3 months, 2 weeks ago

Investors shouldn’t count on much help from the Fed next year

Live Mint  

Markets seemed undisturbed by Wednesday’s inflation data, which showed consumer prices rising 2.7% in November from a year earlier, up from 2.6% in October. Despite the slowdown, jobs are still posting decent gains, and overall economic momentum remains strong, with real gross domestic product growth clocking in at an annualized 2.8% in the third quarter. But the public data already …

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead
3 months, 2 weeks ago

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead

CNN  

CNN — Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. “We have some PTSD around egg prices from the pandemic and certainly lingering avian flu outbreaks; but those prices being up almost 40% year over year certainly is another thing people will look at in …

U.S. inflation ticked up last month as some price pressures persist
3 months, 2 weeks ago

U.S. inflation ticked up last month as some price pressures persist

LA Times  

Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago — a major source of …

US inflation may have picked up in October after months of easing
Trending News
4 months, 2 weeks ago

US inflation may have picked up in October after months of easing

Associated Press  

WASHINGTON — Annual inflation may have risen in October for the first time in seven months, a sign that price increases might be leveling off after steadily cooling for more than two years. From September to October, core prices are expected to have risen 0.3% for a third straight month — a pace that, if sustained, would exceed the Federal …

Fed up with high prices? Here's where things stand with inflation
4 months, 2 weeks ago

Fed up with high prices? Here's where things stand with inflation

NPR  

Fed up with high prices? Here's where things stand with inflation toggle caption Justin Sullivan/Getty Images By the numbers, inflation in America continues in the same direction: Easing largely — but still sticky. "We both make decent wages, but with the way that inflation has increased, it's like our dollar just doesn't go as far," says Spangler, who helps manage …

Column: American economists and consumers got inflation wrong during its recent surge. They still do
6 months ago

Column: American economists and consumers got inflation wrong during its recent surge. They still do

LA Times  

Sen. JD Vance tried to blame the $4 price of a dozen eggs on Kamala Harris in this campaign video. The “strong policy response” Powell referred to was the Fed’s raising of short-term interest rates 11 times, a total of 5.25 percentage points, from March 2022 through July 2023. In November 2021, however, Powell told Congress that it was “probably …

Inflation likely stayed low last month as Federal Reserve edges closer to cutting rates
7 months, 2 weeks ago

Inflation likely stayed low last month as Federal Reserve edges closer to cutting rates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. For months, cooling inflation has …

Ex-regional Fed president: Inflation headed lower, with interest rates likely to follow
8 months, 1 week ago

Ex-regional Fed president: Inflation headed lower, with interest rates likely to follow

Associated Press  

WASHINGTON — Having worked in the Federal Reserve system her entire career, Loretta Mester rose to become president of the Cleveland Fed for a decade until her retirement on June 30. During most of her years on the Fed’s interest-rate-setting committee, Mester was likely to favor relatively higher interest rates to contain inflation. Yet in a recent interview Mester reiterated …

U.S. Inflation Cools Again, Potentially Paving Way For Fed To Cut Interest Rates Soon
8 months, 2 weeks ago

U.S. Inflation Cools Again, Potentially Paving Way For Fed To Cut Interest Rates Soon

Huff Post  

LOADING ERROR LOADING WASHINGTON — Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Reserve. In the second half of 2023, core inflation cooled steadily, raising expectations that the Fed would cut …

Is inflation still cooling? Thursday's report on June prices will provide clues
8 months, 2 weeks ago

Is inflation still cooling? Thursday's report on June prices will provide clues

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. If the June inflation data matches the collective forecast …

Further rate rises look increasingly possible, but would they fix inflation?
9 months, 1 week ago

Further rate rises look increasingly possible, but would they fix inflation?

ABC  

After 13 interest rate hikes that sent home loan repayments soaring, we still have an inflation problem. Two years of rate rises have failed to slow the economy down enough to get inflation back within the RBA's preferred range. According to the RBA governor, aggregate demand continues to outstrip supply even though a large number of households are under extreme …

Federal Reserve sees some progress on inflation but envisions just one rate cut this year
9 months, 2 weeks ago

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Associated Press  

WASHINGTON — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers’ forecast for one rate cut was down from their previous projection of three cuts, because inflation, despite having cooled in the past two months, …

Inflation eases in May, but major relief on interest rates not coming soon
9 months, 2 weeks ago

Inflation eases in May, but major relief on interest rates not coming soon

LA Times  

Federal Reserve Chair Jerome H. Powell and his colleagues at the central bank have kept interest rates at a more than 20-year high to fight inflation. The Federal Reserve has raised interest rates to the highest level in more than two decades to fight inflation, and on Wednesday policymakers said the fight wasn’t over. “But we don’t see ourselves as …

An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year
9 months, 4 weeks ago

An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year

Associated Press  

WASHINGTON — A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Overall inflation increased 0.3% from March to April, the same as in the previous month, and 2.7% from a year earlier, also unchanged from March’s figure. Friday’s …

An inflation gauge closely tracked by the Federal Reserve rises at slowest pace this year
10 months ago

An inflation gauge closely tracked by the Federal Reserve rises at slowest pace this year

LA Times  

A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Inflation fell sharply in the second half of last year before sticking well above the Fed’s 2% target in the first few months of 2024. Friday’s report also showed …

Fed's preferred inflation gauge shows price pressures stayed elevated last month
11 months ago

Fed's preferred inflation gauge shows price pressures stayed elevated last month

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A measure of inflation closely …

Fed’s preferred inflation gauge shows price pressures stayed elevated last month
11 months ago

Fed’s preferred inflation gauge shows price pressures stayed elevated last month

Associated Press  

WASHINGTON — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid. Friday’s inflation data showed that excluding volatile food and energy costs, “core” prices rose by an elevated 0.3% from February to March, …

As US inflation ticks back up, it could impact the presidential election
11 months, 2 weeks ago

As US inflation ticks back up, it could impact the presidential election

Al Jazeera  

The fight against inflation is far from over and could reduce the chances of interest rate cuts for this year. Wednesday’s “disappointing” inflation data in the United States showed a jump from February, dampening expectations of an interest rate cut and raising concerns that inflation could remain stubbornly high. The latest inflation data as well as last week’s jobs data …

Federal Reserve minutes: Some officials highlighted worsening inflation last month
11 months, 2 weeks ago

Federal Reserve minutes: Some officials highlighted worsening inflation last month

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Some Federal Reserve policymakers argued …

Higher Gas And Rents Keep U.S. Inflation Elevated, Likely Delaying Fed Rate Cuts
11 months, 2 weeks ago

Higher Gas And Rents Keep U.S. Inflation Elevated, Likely Delaying Fed Rate Cuts

Huff Post  

LOADING ERROR LOADING WASHINGTON — Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it considers how many — or even whether — to cut interest rates this year. Gas prices are seen at a gas …

Higher gas and rents keep US inflation elevated, likely delaying Fed rate cuts
11 months, 3 weeks ago

Higher gas and rents keep US inflation elevated, likely delaying Fed rate cuts

Associated Press  

WASHINGTON — Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it considers how often — or even whether — to cut interest rates this year. “The lack of moderation in inflation will undermine Fed officials’ …

What do rising gas prices mean for the future of US inflation? Here's what experts have to say
1 year ago

What do rising gas prices mean for the future of US inflation? Here's what experts have to say

Hindustan Times  

A stubborn increase in gasoline prices would most likely have augmented inflation in the US to this level in February and even more so, which would favour the Fed's deliberation over adjusting the interest rate downwards. A 4% surge in February affects US inflation outlook The Fed members’ tune started changing for the better in January, when the publication of …

Federal Reserve’s preferred inflation gauge picked up last month in sign of still-elevated prices
1 year, 1 month ago

Federal Reserve’s preferred inflation gauge picked up last month in sign of still-elevated prices

Associated Press  

WASHINGTON — An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month. Some of January’s inflation reflects the fact that companies often raise prices in the first two months of the year, leaving January and February price data high compared with …

What kept prices rising faster than expected in January? Stubborn inflation causes Dow to dive 700 points - here are the items that rose (and fell) the most over the past year
1 year, 1 month ago

What kept prices rising faster than expected in January? Stubborn inflation causes Dow to dive 700 points - here are the items that rose (and fell) the most over the past year

Daily Mail  

Annual inflation was 3.1 percent in January - above the 2.9 percent figure predicted by economists and investors. Annual inflation was 3.1 percent in January, which was a decrease from 3.4 percent in December but still 0.2 percent higher than expected The inflation figure plays a big part in the whether the Federal Reserve will cut interest rates soon rather …

US inflation slows but remains elevated in sign that price pressures are easing only gradually
1 year, 1 month ago

US inflation slows but remains elevated in sign that price pressures are easing only gradually

Associated Press  

WASHINGTON — Consumer inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is only gradually and fitfully coming under control. At his most recent news conference, Fed Chair Jerome Powell singled out persistently high services prices as a concern and indicated the central bank’s policymakers would like to see …

Inflation slows but remains elevated, a sign price pressures are easing only gradually
1 year, 1 month ago

Inflation slows but remains elevated, a sign price pressures are easing only gradually

LA Times  

U.S. consumer prices rose more than expected in January, further reducing the chances that Federal Reserve officials will start lowering interest rates soon. At his most recent news conference, Fed Chair Jerome H. Powell singled out persistently high services prices as a concern and indicated the central bank’s policymakers would like to see services inflation ease further before starting to …

Inflation slowed further in December as an economic ‘soft landing’ moves into sharper focus
1 year, 2 months ago

Inflation slowed further in December as an economic ‘soft landing’ moves into sharper focus

Associated Press  

WASHINGTON — The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship. Friday’s government report showed that prices rose just 0.2% from November to December, a pace …

Wall Street Hits Record High Following A 2-Year Round Trip Scarred By Inflation
1 year, 2 months ago

Wall Street Hits Record High Following A 2-Year Round Trip Scarred By Inflation

Huff Post  

NEW YORK, NEW YORK - JANUARY 19: Traders work on the floor of the New York Stock Exchange on January 19, 2024 in New York City. Spencer Platt via Getty Images NEW YORK — Wall Street returned to record heights Friday to cap a punishing, two-year round trip dogged by high inflation and worries about a recession that seemed inevitable …

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease
1 year, 3 months ago

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease

LA Times  

The Federal Reserve’s favored inflation gauge shows somewhat more progress against inflation in November than economists had expected. The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that Americans should benefit from lower costs and reduced interest rates in 2024. Friday’s report from the Commerce Department showed that U.S. consumer prices slid …

Federal Reserve On Cusp Of What Some Thought Impossible: Defeating Inflation Without Steep Recession
1 year, 3 months ago

Federal Reserve On Cusp Of What Some Thought Impossible: Defeating Inflation Without Steep Recession

Huff Post  

In this photo made with a slow shutter speed, Federal Reserve Board Chair Jerome Powell speaks during a news conference about the Federal Reserve's monetary policy at the Federal Reserve, Wednesday, Dec. 13, 2023, in Washington. “I think it’s really good to see the progress that we’re making,” Chair Jerome Powell said at a news conference Wednesday after the Fed's …

The Federal Reserve could do what was thought impossible: Defeat inflation without a steep recession
1 year, 3 months ago

The Federal Reserve could do what was thought impossible: Defeat inflation without a steep recession

Associated Press  

WASHINGTON — It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts. Confidence is growing among Federal Reserve officials and many economists that high interest rates and healed supply chains will soon defeat inflation. With inflation cooling, Powell said the 19 officials on the Fed’s policy …

U.S. inflation likely cooled again in November as Fed prepares to assess interest rates
1 year, 3 months ago

U.S. inflation likely cooled again in November as Fed prepares to assess interest rates

The Hindu  

This year's steady slowdown in U.S. inflation likely continued in November, though the latest data may also point to steadily higher prices in some areas of the economy. But a closely watched category called “core prices,” which excludes volatile food and energy costs, is predicted to rise 0.3% from October to November — a monthly pace that far outpaces the …

Federal Reserve’s preferred inflation gauge shows price pressures continuing to cool
1 year, 4 months ago

Federal Reserve’s preferred inflation gauge shows price pressures continuing to cool

Associated Press  

WASHINGTON — The Federal Reserve’s preferred inflation measure cooled last month, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth. Under the hood, there is a slowing that suggests they’re making progress.” In the past six months, core inflation has risen at just a 2.5% annual rate, not far above …

Fed’s Waller raises possibility of a rate cut by spring if inflation keeps slowing
1 year, 4 months ago

Fed’s Waller raises possibility of a rate cut by spring if inflation keeps slowing

Associated Press  

WASHINGTON — A key Federal Reserve official raised the possibility Tuesday that the Fed could decide to cut its benchmark interest rate as early as spring if inflation keeps declining steadily. Waller also said he thought the Fed’s short-term rate, which is at 5.4%, the highest in 22 years, is likely high enough to keep inflation headed down to the …

Federal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress
1 year, 4 months ago

Federal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress

Associated Press  

WASHINGTON — Federal Reserve officials concluded earlier this month that inflation was steadily falling and agreed to closely monitor incoming data to ensure that the pace of price increases would continue slowing toward their 2% target, according to the minutes of their meeting released Tuesday. The officials agreed at the Oct. 31-Nov. 1 meeting that they would raise their key …

A Recession Is No Longer the Consensus
1 year, 5 months ago

A Recession Is No Longer the Consensus

Live Mint  

Economists are turning optimistic on the U.S. economy. In the latest quarterly survey by The Wall Street Journal, business and academic economists lowered the probability of a recession within the next year, from 54% on average in July to a more optimistic 48%. View Full Image “The probability of recession continues to recede in the U.S. as the banking turmoil …

Just what IS keeping inflation so high? The everyday items that continue to go up in price revealed - as annual rate of inflation holds steady at 3.7%
1 year, 5 months ago

Just what IS keeping inflation so high? The everyday items that continue to go up in price revealed - as annual rate of inflation holds steady at 3.7%

Daily Mail  

Figures are unlikely to significantly impact Fed interest rates, analysts say Annual inflation held steady in September, with prices increasing 3.7 percent on the year prior, thanks mainly to the cost of food and energy. Annual inflation held steady in September, with prices increasing 3.7 percent on the year prior, thanks mainly to the cost of food and energy. Data …

Fed keeps rates unchanged and signals optimism about a potential ‘soft landing’
1 year, 6 months ago

Fed keeps rates unchanged and signals optimism about a potential ‘soft landing’

Associated Press  

WASHINGTON — The Federal Reserve left its benchmark interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased. The Fed’s policymakers also signaled that they expect to raise rates once more this year and envision their key rate staying higher in 2024 than …

What rising inflation means for you: CPI increases to a six-month high - what happens next?
1 year, 7 months ago

What rising inflation means for you: CPI increases to a six-month high - what happens next?

Daily Mail  

Inflation has risen higher than the national target, meaning consumers pay more Inflation rose above the Bank of England's 2 per cent target in October, reaching a six-month high. The bigger-than-expected rise in the headline inflation rate to 2.3 per cent coincided with another increase in core inflation, which has continued to run hot. Julian Jessop, economics fellow at the …

Inflation ticks up modestly to 3.2% but core products continue to cool - sparking speculation the Fed could pause relentless interest rate hikes in September
1 year, 7 months ago

Inflation ticks up modestly to 3.2% but core products continue to cool - sparking speculation the Fed could pause relentless interest rate hikes in September

Daily Mail  

Inflation in the US has ticked up to a 3.2 percent annual rate - rising slightly in July from June's 3 percent annual increase. Inflation in the US has ticked up to a 3.2 percent annual rate - rising slightly in July from June's 3 percent annual increase The 3.2 percent annual inflation rate is a sharp decrease from the …

RBI Monetary Policy: FY24 Inflation Forecast Raised To 5.4 Per Cent On Higher Vegetable Prices
1 year, 7 months ago

RBI Monetary Policy: FY24 Inflation Forecast Raised To 5.4 Per Cent On Higher Vegetable Prices

ABP News  

Reserve Bank of India Governor Shaktikanta Das on Thursday during his address on the Monetary Policy Committee's said that the rate setting panel has made an upward revision to its inflation forecast for 2023-24, raising it by 30 basis points to 5.4 per cent. Driving the full-year inflation forecast hike was that for the second quarter, which is now seen …

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