India's consumer price inflation climbed to a 20‑month high of 4.82% in August, surpassing the Reserve Bank of India's 4% midpoint target for the third month in a row. The persistent price pressure has revived market expectations of an early monetary policy tightening.
India's retail inflation rose to 4.82% in August, pushing the rate above the Reserve Bank of India's 4% midpoint target for the third consecutive month. The surge, fueled by higher food and fuel prices, could lead the central bank to reassess its monetary stance.
To compound the misery, according to CMIE data, inflation-adjusted wages have also been consistently falling with a 5.7% drop since April, Jairam Ramesh said
India's wholesale price inflation in August edged close to a double‑digit rise, prompting concerns that the pace could accelerate in September. The Reserve Bank of India is closely monitoring the trend as it exceeds its retail inflation target range.
Economists surveyed by Mint project that India's consumer price index rose to a 20‑month high of about 4.9% in August, driven largely by food price pressures. The forecast places August inflation between 4.5% and 5.1%, edging close to the 5% mark.
The upcoming BRICS summit in India is being held against the backdrop of heightened US‑Iran tensions, prompting New Delhi to position itself as a mediator in Middle‑East disputes. Analysts warn that any prolonged disruption in West Asia could raise India’s import costs, fuel inflation and strain its economic outlook.
Gold drops 3% as Fed's Warsh comments lift rate hike bets Reuters Warsh puts Fed on collision course with Trump ahead of midterms Financial Times Markets Brace for Possible Rate Hike After Kevin Warsh’s Hawkish Turn WSJ Inflation data 'concerning': Fed chair Warsh signals rates may need to rise The Times of India Treasury Yields Rise as Warsh Vows...
Apple One and Apple TV subscription prices increase by up to 20 percent Ars Technica Apple hikes prices again, this time for Apple TV and Apple One - GSMArena.com news GSMArena.com Apple TV Hikes Prices as Streaming Inflation Continues The Hollywood Reporter Apple hikes Apple TV and Apple One subscription prices in US ahead of September 9 iPhone...
US stocks open mixed as Kevin Warsh provides fresh cues for inflation, interest rate and growth Upstox Markets Brace for Possible Rate Hike After Kevin Warsh’s Hawkish Turn WSJ Inflation data 'concerning': Fed chair Warsh signals rates may need to rise The Times of India Marshmallows and monetary policy UBS Wall Street holds out hope for gold...
US Stock Market Today: S&P 500, Dow Little Changed As Inflation Data Eases Fed Pressure; Chips Weigh On Nasdaq NDTV Profit Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July CNBC Key inflation gauge remains elevated during Iran conflict and ongoing US trade fights AP News Fed seen a bit more likely to hike after inflation...
