Inflation
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'Whole world is facing inflation, India too facing same, but...': PM Modi vows to minimise soon
India | Aug 15, 2023, 10:54 AM ISTThe PM acknowledged that the country has been facing inflation but added that his government is working hard to minimise the burden of sky-rocketing prices.
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Retail inflation jumps to 7.44% in July from 4.87%
Business | Aug 14, 2023, 08:30 PM ISTPreviously, high inflation was recorded at 7.79 per cent in April 2022.
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Stock markets fall after RBI monetary policy decision, inflation concern looms large
Business | Aug 10, 2023, 09:23 PM ISTThe 30-share BSE Sensex fell 307.63 points or 0.47 per cent to settle at 65,688.18. The NSE Nifty declined 89.45 points or 0.46 per cent to end at 19,543.10.
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Rice prices surge to highest levels in 15 years in Asia amid concerns over global supplies: Report
Business | Aug 09, 2023, 09:16 PM ISTccording to data from the Thai Rice Exporters Association, Thai white rice 5 per cent broken, an Asian benchmark, jumped to $648 a tonne, the most expensive since October 2008.
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Govt to sell additional 50 lakh tons wheat, 25 lakh tons rice in open market to contain price rise
Business | Aug 09, 2023, 04:55 PM ISTThe government has decided to offload 50 lakh tonnes of wheat and 25 lakh tonnes of rice under the Open Market Sale Scheme (OMSS).
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US Federal Reserve raises interest rates to 22-year high, continues to fight inflation
Business | Jul 27, 2023, 08:35 AM ISTThis is the eleventh rate increment since the Fed started its expansion battle in March 2022 and comes only one month after the national bank hit 'stop' to survey the condition of the economy after the disappointments of three provincial banks since the spring, according to Fox Business.
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'Harmful globally': IMF 'encourages' India to lift export restrictions on certain category of rice
World | Jul 26, 2023, 09:51 AM ISTThe IMF's statement comes after non-basmati white rice exports were outlawed by the Indian government on July 20 in an effort to increase domestic supplies and regulate retail prices during the upcoming festive season.
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Pakistan: Nationwide strike by petroleum dealers to begin tomorrow, petrol pumps to be shut down
World | Jul 21, 2023, 05:49 PM ISTThe strike comes amid high inflation and a weakening Pakistani currency in the market, which has heavily impacted the businesses of petrol pump operators.
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Retail inflation rises to 3-month high in June on rising prices of kitchen essentials
Business | Jul 12, 2023, 11:49 PM ISTThe Index of Industrial Production (IIP), which reflects the country's factory output, rose to 5.2 per cent in May from 4.5 per cent in April 2023, mainly due to good performance by the manufacturing and mining sectors.
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Monetary Policy Committee: 'Fight against inflation not over, job only half done,' says RBI Governor
Business | Jun 22, 2023, 07:49 PM ISTFor the second time in a row, the RBI decided unanimously to maintain the repo rate at 6.5%. The interest rate at which the RBI lends to other banks is known as the repo rate.
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WPI inflation declines to 3-year low in May
Business | Jun 14, 2023, 01:16 PM ISTInflation in food articles eased to 1.51 per cent in May, against 3.54 per cent in April.
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Govt imposes stockholding limits on wheat till March 2024 to contain rising prices
Business | Jun 12, 2023, 07:05 PM ISTThe stock limit has been imposed on traders, wholesalers, retailers, big chain retailers and processors till March 31, 2024.
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RBI lowers India's 2023-24 inflation forecast to 5.1 per cent | Here are details
Business | Jun 08, 2023, 05:21 PM ISTRBI on inflation: India's headline inflation has come down during March-April 2023 to 4.7 per cent in April, the lowest since November 2021.
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Pakistan continues to reel under inflation, records high 38% in May this year
World | Jun 03, 2023, 07:15 AM ISTThe inflationary surge, which escalated from the previous month's rate of 36.4 percent, can largely be attributed to an unprecedented increase in food prices.
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WPI inflation eases to 34-month low of (-) 0.92 pc in April
Business | May 15, 2023, 12:59 PM ISTInflation in food articles too eased to 3.54 per cent in April, against 5.48 per cent in March.
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Retail inflation slips to 4.7% in April from 5.66% in March, lowest since Oct 2021
Business | May 12, 2023, 07:11 PM ISTThe retail inflation in the country has slipped to 4.7 per cent in April from 5.66 per cent in March, a government data informed on Friday.
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'Pakistan's inflation is projected to rise to 29.5 percent in FY23' claims World Bank
World | Apr 15, 2023, 09:56 PM ISTPakistan: The World Bank has claimed that the inflation rate in Pakistan can rise to 29.5 percent in the fiscal year 2023.
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Retail inflation drops to 5.66% in March from 6.44% in February
Business | Apr 12, 2023, 06:09 PM ISTThe retail inflation has dropped to 5.66 per cent in March from 6.44 per cent in February.
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IMF massively cuts Pak economic growth projection, forecasts over 20% inflation for next 2 years
World | Apr 12, 2023, 05:24 PM ISTFacing the brunt of the economic crisis, Pakistan is witnessing power, food, and fuel shortage further adding to the vows of the people.
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Pakistan records highest inflation rate in past 53 years; crosses 36 pc mark
World | Apr 01, 2023, 07:27 PM ISTAccording to local media reports, Dawn, the figure indicates that inflation has soared nearly three times in the past year.