The All-India Consumer Price Index (CPI) for Agricultural Labourers and Rural Labourers witnessed a modest increase in January 2024, with both indices rising by 1 point each. Released by the Ministry of Labour and Employment (MoLE), the CPI for Agricultural Labourers now stands at 1258 points, while the CPI for Rural Labourers stands at 1268 […]
In a significant development, state-run oil companies in India are reportedly considering a reduction in the prices of petrol and diesel next month, following their anticipated record-breaking net profits in the third quarter. Reports indicate that the combined net profits of the three oil marketing companies (OMCs) could surpass a staggering Rs 75,000 crore, prompting […]
India’s retail inflation rose to 5.69 per cent in December which is marginally higher than 5.5 per cent in the previous month, states data released by the Ministry of Statistics and Programme Implementation (Mospi). It should also be noted that inflation, measured by the Consumer Price Index (CPI) has remained within the Reserve Bank of […]
India’s consumer price index (CPI) – retail inflation may increase from the RBI’s tolerance limit of 6 per cent in November from 4.87 per cent in October, according to Barclays’ estimates. “We estimate that CPI inflation rose in November to 6.15 per cent year-on-year (YoY), a sharp reversal from the moderating trajectory over the past […]
Gold prices in Pakistan surged by Pakistani rupee PKR 2,000 per tola on Wednesday, ARY News reported. ARY News is a Pakistani news channel. All Pakistan Gems and Jewellers Association (APGJA) said the price of 24-karat gold per tola increased by PKR 2,000 to settle at PKR 214,800 per tola. As per APGJA, after a […]
India’s wholesale price index (INWPI=ECI) fell 0.52 per cent in August from a year earlier, according to government data released on Thursday. Economists polled by Reuters had estimated the wholesale price index for August would fall 0.6 per cent. It fell 1.36 per cent in July. In August, fuel and power prices fell 6.03 per […]
Saudi Arabia, the world’s largest crude oil exporter, has announced voluntary output cuts in crude oil in response to a tighter market induced by global central banks’ interest rate hikes and inflationary pressures. These cuts, initially set for this month, now have been extended to include August. Additionally, OPEC+ has agreed to further reduce production […]
