Wholesale price inflation in March eased to 2.05% against 2.38% in February, data by the government showed on Tuesday.
The Shehbaz Sharif-led Pakistani government, which had initially made tall claims about launching austerity plans and cutting down on expenditures, has approved a staggering 188 per cent increase in the salaries of cabinet ministers, ministers of state and advisors.
The wholesale inflation in February quickened to 2.38 per cent on an annual basis, as against 2.31 per cent in January, government data showed on Monday.
The food inflation in February has come down to the lowest level since May 2023 and is 222 basis points lower in comparison to January, according to the official statement.
India’s services sector witnessed a strong rebound in February with the Purchasing Managers' Index (PMI) rising to 59.0, a significant improvement from January’s 26-month low of 56.5.
Food expenses for the lowest income class in South Korea rose nearly 40 per cent over the past five years as soaring food inflation placed a heavier financial burden on low-income individuals, government data here showed on Sunday.
The Employees' Provident Fund Organisation (EPFO) board on Friday retained 8.25% interest rates on employees' provident fund deposits for 2024-25 despite rising inflation.
India’s retail inflation easing to a five-month low of 4.31 per cent in January presents a significant moment for economic policy.
Median inflation expectation for the three months horizon increased by 20 bps to 9.3%. It inched up by 10 bps to 10.2% for one year ahead.
The Index exhibited a further downward momentum in January, dipping to 4 per cent on a YoY basis, moderating from 5.4 per cent in December.
