Articles for High Inflation

RBI to Announce Interest Rate Decision Amid High Inflation
2 weeks, 3 days ago

RBI to Announce Interest Rate Decision Amid High Inflation

Deccan Chronicle  

The Reserve Bank on Friday morning will announce the decision on interest rate after the conclusion of the three-day monetary policy panel meeting, amid high inflation and weak GDP growth numbers.Experts are of the view that the central bank is likely to opt for status quo on the short-term lending rate, and will possibly tinker with cash reserve ratio keeping …

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RBI MPC announcement: Will RBI Governor Shaktikanta Das cut key lending rates?
2 weeks, 3 days ago

RBI MPC announcement: Will RBI Governor Shaktikanta Das cut key lending rates?

India Today  

The Reserve Bank of India’s Monetary Policy Committee is set to make key announcements on Friday after its three-day meeting today. Others suggest a "dovish hold," where the RBI signals a willingness to cut rates in the future while maintaining the current rate. "A rate cut is more likely at the February meeting, but the recent GDP miss might push …

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High inflation likely to keep consumer demand muted in 2025: Kantar report
2 weeks, 4 days ago

High inflation likely to keep consumer demand muted in 2025: Kantar report

Live Mint  

New Delhi: Demand for goods is likely to remain subdued next year, as high inflation hurts real incomes, eroding consumer confidence, market research firm Kantar said in its outlook for 2025 released on Thursday. The report said that consumers would rather spend on experiences such as travel and musical concerts, than on buying goods, in a sign of growing challenge …

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RBI MPC to start today: Will there be a rate cut? 3 things to know
Trending News
2 weeks, 5 days ago

RBI MPC to start today: Will there be a rate cut? 3 things to know

India Today  

The Reserve Bank of India’s Monetary Policy Committee begins its three-day meeting today. The Reserve Bank of India has kept the repo rate steady at 6.5% for the last nine policy meetings, and it appears likely to maintain this position in the upcoming MPC announcement as well. The RBI may opt for easing liquidity by announcing a 50-basis-point CRR cut, …

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India’s central bank should adhere to its inflation-targeting mandate
Trending News
1 month ago

India’s central bank should adhere to its inflation-targeting mandate

Live Mint  

Less than four years after the government concluded its review of India’s inflation-targeting regime in April 2021 and opted to keep both its target and nitty-gritty—its target range, indicator, etc—unchanged, its view of inflation targeting seems to be shifting. After commerce and industry minister Piyush Goyal and then finance minister Nirmala Sitharaman called for lower interest rates, on Tuesday chief …

Food India Policy Inflation Monetary Policy Interest Rates Food Inflation
High inflation can impose more than just financial costs
1 month ago

High inflation can impose more than just financial costs

Live Mint  

The recent US election that carried Donald Trump back to the White House with a strong mandate underlines a point that was perhaps forgotten by political leaders in many rich countries over a long era of stable prices: Inflation matters. The costs of inflation are mostly analysed in terms of whether prices are rising faster than nominal wages, or whether …

High High Inflation Prices Inflation Political Costs
US Dollar hits one-year high amid Donald Trump's economic policies
1 month, 1 week ago

US Dollar hits one-year high amid Donald Trump's economic policies

Hindustan Times  

The U.S. dollar revisited a one-year high against major peers on Thursday, as a fourth straight winning session from momentum sparked by Donald Trump's election victory eclipsed a rise in bets for Federal Reserve easing. On Thursday, the U.S. dollar hit a one-year high as Trump's election momentum continued, while bitcoin soared to a record $93,480. Elsewhere, the Australian dollar …

Trump Economic Policies Donald Trump High Fed Dollar Jobs Growth
Reserve Bank governor Michelle Bullock is called out for cold-hearted comments by Jason Clare
3 months, 2 weeks ago

Reserve Bank governor Michelle Bullock is called out for cold-hearted comments by Jason Clare

Daily Mail  

Australia's top banker has been slammed by a senior Labor minister for suggesting borrowers may have to 'sell their homes' to cope with aggressive rate hikes. Reserve Bank Governor Michele Bullock has been slammed after warning households may have to 'sell their homes' due to rising interest rates Education Minister Jason Clare criticised the comments, stating, 'I don't want anyone …

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More people are seeking help as Australia's economy slows down, RBA governor acknowledges
3 months, 2 weeks ago

More people are seeking help as Australia's economy slows down, RBA governor acknowledges

ABC  

Reserve Bank governor Michele Bullock says she is aware that more people than usual are seeking help from community organisations as Australia's economy slows down and unemployment rises. And the number of owner-occupiers with variable-rate mortgages who are in a "particularly challenging situation" is also rising, but the RBA is doing what it can to bring inflation down, re-balance the …

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Stock market today: Wall Street holds relatively steady ahead of big tests coming later in the week
4 months, 1 week ago

Stock market today: Wall Street holds relatively steady ahead of big tests coming later in the week

Associated Press  

NEW YORK — U.S. stocks drifted through a quiet Monday to finish mixed, as markets around the world stabilized following a wild week of extreme swings. AP AUDIO: Stock market today: Wall Street holds relatively steady ahead of big tests coming later in the week AP business correspondent Seth Sutel reports a calmer atmosphere is starting the week on Wall …

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31%: The surge in food prices irking voters in the UK election
5 months, 2 weeks ago

31%: The surge in food prices irking voters in the UK election

Al Jazeera  

The cost of living is a key issue in an election expected to end 14 years of Conservative Party governance. While inflation has finally returned to the central bank’s target of 2 percent after hitting double-digit highs in 2022 and 2023, people are still paying much more for essentials, including food, than they were just a few years ago. Food …

Food Inflation Prices Price High Ons High Inflation
Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending
6 months ago

Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending

Associated Press  

NEW YORK — Consumers barely increased spending in May from April as still high prices on groceries and other necessities and high interest rates curbed spending. Earlier this month, the government reported that America’s employers added a robust 272,000 jobs in May, accelerating from April and an indicator that companies are still bullish enough in the economy to keep hiring …

Retail Inflation Prices Spending High Month Rose
Why Biden is getting little credit for the economy, especially in California
8 months, 1 week ago

Why Biden is getting little credit for the economy, especially in California

LA Times  

People shop at a grocery store in Rosemead. As President Biden struggles to sell Bidenomics to skeptical voters, he’s facing the all-too-real consequences of stubbornly higher inflation, but he’s also battling human psychology. While partisan politics, pandemic hangover and other factors have colored people’s attitudes, experts say inflation appears to be the single biggest economic albatross for Biden. “Young people …

Economy Inflation Prices California High Biden Average
Raging inflation, stagnant wages forcing households into debt: Congress
8 months, 2 weeks ago

Raging inflation, stagnant wages forcing households into debt: Congress

The Hindu  

The alarm bells are ringing for the Indian economy, but Prime Minister Narendra Modi has not heard them, the Congress said on April 9. The principal Opposition party’s statement was in response to a news report in The Hindu that quoted the findings of leading financial services firm Motilal Oswal on India’s growing household debt. Party general secretary Jairam Ramesh …

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Asia-Pacific countries are trying to beat inflation and cost-of-living pressures — but are they winning the fight?
9 months, 1 week ago

Asia-Pacific countries are trying to beat inflation and cost-of-living pressures — but are they winning the fight?

ABC  

Dinner habits have changed for Fononga Pulu at his home in Tonga's capital. A 'sticky' problem Pacific Island nations import food and fuel, exposing them to global inflation, World Bank senior economist Ekaterine Vashakmadze says. "High inflation in major partners is very important because they are importing that high inflation right from elsewhere," Ms Vashakmadze says. "Core inflation is still …

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American consumers are pushing back against high inflation — and they are winning
9 months, 3 weeks ago

American consumers are pushing back against high inflation — and they are winning

The Hindu  

Inflation has changed the way many Americans shop. In a video released on Super Bowl Sunday, Mr. Biden denounced shrinkflation as a “rip-off.” Consumer pushback against high prices suggests to many economists that inflation should further ease. “That was the fear — that everybody would tolerate higher prices,” said Gregory Daco, chief economist at EY, who notes that it hasn't …

Consumer Inflation Companies Prices Price Sales High
Stock market today: Wall Street skids after inflation remains stubbornly high
10 months, 1 week ago

Stock market today: Wall Street skids after inflation remains stubbornly high

Hindustan Times  

NEW YORK — Stocks fell sharply after disappointing data on inflation made investors confront the bitter possibility that interest rates will stay high for months longer than they were hoping. The worse-than-expected inflation report may have put the final nail into hopes that the Federal Reserve could deliver its first interest rate cut in March. Stocks of smaller companies fell …

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The world economy will slow next year because of inflation, high rates and war, OECD says
1 year ago

The world economy will slow next year because of inflation, high rates and war, OECD says

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. Please try again later {{ …

Economy Growth War Fed Expected Slow Oecd
Reserve Bank chief slammed for suggesting Aussies getting haircuts are to blame for inflation
1 year, 1 month ago

Reserve Bank chief slammed for suggesting Aussies getting haircuts are to blame for inflation

Daily Mail  

The Reserve Bank's new governor Michele Bullock has been slammed for suggesting Australians getting haircuts are to blame for high inflation. With inflation still high at 5.4 per cent, Ms Bullock said domestic demand for services was now the key driver of high prices. The Reserve Bank's new governor Michele Bullock has been slammed for suggesting Australians getting haircuts are …

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Tories hail Chancellor's tax-cutting Autumn Statement after he gives Brits a £450 boost by slashing 2p off national insurance and hands firms £10bn perk - but watchdog warns the burden will STILL hit
1 year, 1 month ago

Tories hail Chancellor's tax-cutting Autumn Statement after he gives Brits a £450 boost by slashing 2p off national insurance and hands firms £10bn perk - but watchdog warns the burden will STILL hit

Daily Mail  

Tories hailed Jeremy Hunt's tax-cutting Autumn Statement tonight after he handed around 30million Brits a national insurance boost. 'It's time to get Sid investing again,' said Mr Hunt; The OBR forecasts that inflation will fall to 2.8 per cent next year, and only reach the Bank of England's 2 per cent target by 2025; The economy is predicted to grow …

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High inflation in Africa drives up health costs
1 year, 1 month ago

High inflation in Africa drives up health costs

China Daily  

Maeru Adugna, 45, carries her son, Kibrom Woldesillasie, 2, severely malnourished at the Samre Hospital in Samre, Tigray Region, Ethiopia, June 23, 2023. Anthony Mwangi, cluster head of eastern and southern Africa at Novartis Kenya, a pharmaceutical product manufacturer, agent and distributor in Nairobi, said prices of medicines have gone up by 10-20 percent, driven primarily by the depreciation of …

Medical Africa Local Medical Equipment Kenya Nairobi High Inflation
WPI inflation hits six-month high in September but stays in the negative
1 year, 2 months ago

WPI inflation hits six-month high in September but stays in the negative

Live Mint  

New Delhi: India’s Wholesale Price Index inflation rose in September but remained negative for the sixth consecutive month. Meanwhile, easing vegetable prices led to wholesale food inflation falling to 1.54% in September from 5.62% in August. “Deflation in September 2023 is primarily due to the fall in prices of chemical and chemical products, mineral oils, textiles, basic metals and food …

Food Inflation Products Prices Food Inflation Month Wpi
German economy sinking in recession in 2023, predicts European Commission
1 year, 3 months ago

German economy sinking in recession in 2023, predicts European Commission

Live Mint  

Bearing the brunt of high inflation driven by factors like Russia-Ukraine crisis, German economy is expected to contract in 2023, predicted European Commission on Monday. The recent cut in forecast has come at a time when Euro's biggest economy is facing high inflation and the spill over effect of Russia-Ukraine war. Euro zone expected to grow slower, says EC The …

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Who is Javier Milei, Argentina’s far-right populist politician?
1 year, 4 months ago

Who is Javier Milei, Argentina’s far-right populist politician?

Al Jazeera  

An admirer of Trump, the 52-year-old leader rocks Argentina’s political establishment after winning most votes in Sunday’s primary election. Argentina’s presidential election race has an unpredictable X factor: Javier Milei, a fiery far-right populist who has emerged as the biggest winner in Sunday’s primary election. She said the results reflect voters’ frustrations with the persistent economic crisis in the country, …

Economy Political Voters Buenos Aires Javier Milei High Inflation Javier Milei Argentina