Inflation
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Pakistan opposition leaders submit no-confidence motion against PM Imran Khan
World | Mar 08, 2022, 06:24 PM ISTImran Khan, 69, is heading a coalition government and he can be removed if some of the partners decide to switch sides, which is not unusual in parliamentary democracies.
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Russia Ukraine War: Key inflation gauge hit 6.1% in January, highest since 1982
World | Feb 25, 2022, 09:31 PM ISTRobust consumer spending has combined with widespread product and worker shortages to create the highest inflation in four decades.
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UP Election: Akhilesh slams BJP over inflation, claims govt set to increase fuel price after polls
Elections | Feb 25, 2022, 07:43 PM ISTAddressing an election meeting in Payagpur Vidhan Sabha constituency for party candidate Mukesh Srivastava, Akhilesh Yadav said the BJP government made diesel and petrol so costly that poor people are unable to drive their vehicles.
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Cash-starved Sri Lanka imposes power cuts as crisis deepens
World | Feb 22, 2022, 07:05 PM ISTElectricity will be switched off on a rotating basis between regions between 4:30 pm and 10:30 pm, according to officials. The state-owned Ceylon Electricity Board had requested permission for the cuts as fuel shortages had caused the loss of 541 MW to the national grid.
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Momentum of inflation on downward slope, says RBI Governor
Business | Feb 14, 2022, 04:54 PM ISTThe RBI takes into account a particular range within which crude prices are expected to fluctuate considering all the factors that can be anticipated and that can be sort of foreseen as of today.
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EXPLAINER: Why US inflation is so high, and when it may ease
World | Feb 11, 2022, 03:45 PM ISTFor the 12 months ending in January, inflation amounted to 7.5% — the fastest year-over-year pace since 1982 — the Labor Department said Thursday. Even if you toss out volatile food and energy prices, so-called core inflation jumped 6% over the past year. That was also the sharpest such jump in four decades.
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Govt contained retail inflation at 6.2% despite biggest contraction in economy: Nirmala Sitharaman
Business | Feb 11, 2022, 11:59 AM ISTReplying to a general discussion on the Union Budget in Rajya Sabha, the minister said, the Budget for 2022-23 fiscal year, stands for continuity, brings stability to the economy along with predictability of taxation.
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US inflation rate jumps to 40-year high of 7.5 per cent
World | Feb 11, 2022, 10:12 AM ISTThe Labor Department said that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982.
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US inflation jumped 7.5% in the past year, highest in 40 years
Business | Feb 10, 2022, 08:43 PM ISTThe Labour Department said Thursday that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982.
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Inflation skyrockets in Sri Lanka; food prices at record high
World | Jan 22, 2022, 03:50 PM ISTAs soon as the COVID-19 pandemic broke out in 2020, the government imposed import restrictions to try and stop dwindling of foreign reserves. Sri Lanka currently banks on the Indian economic assistance with credit lines being made available to finance fuel and food imports.
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WPI inflation eases to 13.56 per cent in December; food items, veggies see price rise
Business | Jan 14, 2022, 02:55 PM ISTWPI inflation has remained in double digits for the ninth consecutive month beginning April. Inflation in November was 14.23 per cent, while in December 2020 it was 1.95 per cent.
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US inflation at 40-year high pressures consumers, Federal Reserve and Biden
World | Jan 13, 2022, 07:29 AM ISTPrices rose sharply in 2021 for cars, gas, food and furniture as part of a rapid recovery from the pandemic recession. Vast infusions of government aid and ultra-low interest rates helped spur demand for goods, while vaccinations gave people confidence to dine out and travel.
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Retail inflation rises to 5.59% in Dec from 4.91% in Nov: Govt data
Business | Jan 19, 2022, 04:49 PM ISTAs per the data released by the National Statistical Office (NSO), food inflation rose to 4.05 per cent in December this fiscal compared to 1.87 per cent in the preceding month.
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Global economic growth likely to derail with COVID, inflation, income inequality: World Bank
Business | Jan 12, 2022, 12:52 PM ISTIn emerging and developing economies, growth is expected to drop from 6.3 per cent in 2021 to 4.6 per cent in 2022 and 4.4 per cent in 2023, the World Bank report stated.
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Inflation hits 5% in 19 countries using the Euro, highest since 1997
Business | Jan 07, 2022, 05:22 PM ISTInflation rose to 5% in December compared with a year earlier, according to Eurostat, the European Union's statistical office. That is the highest level in the eurozone since recordkeeping began in 1997, breaking the record of 4.9% only just set in November.
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Turkey's inflation hits 36%, highest in 19 years
World | Jan 03, 2022, 06:43 PM ISTThe Turkish Statistical Institute said the consumer price index increased by 13.58 per cent in December from the previous month, further eroding peoples' purchasing power. The yearly increase in food prices was 43.8 per cent, the data showed.
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Retail inflation rises to 4.91% in November
Business | Dec 13, 2021, 07:57 PM ISTThe data furnished by the National Statistical Office showed that Consumer Price Index (CPI) inched-up to 4.91 per cent last month from 4.48 per cent in October 2021.
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Inflation rate in Delhi lowest among metro cities: Manish Sisodia
India | Nov 19, 2021, 04:09 PM ISTWhile presenting the report prepared by the Directorate of Economics and Statistics, Deputy Chief Minister Manish Sisodia said, the average annual inflation growth rate based on Consumer Price Index (CPI) in 2020-21 was only 3 per cent in Delhi as compared to 5 per cent nationally.
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WPI inflation spikes to 12.54% in October; crude, manufactured items see price rise
Business | Nov 15, 2021, 01:32 PM ISTThe Commerce and Industry Ministry said that high rate of inflation in October 2021 is primarily due to rise in prices of mineral oils, basic metals, food products, crude petroleum & natural gas, chemicals and chemical products etc as compared to the corresponding month of the previous year.
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India's October retail inflation inches-up on high food, input prices
Business | Nov 13, 2021, 09:05 AM ISTHowever, on YoY basis, the rise in last month's retail inflation was slower than 7.61 pc rise recorded for Oct 2020.