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.
India’s wholesale inflation stood at 0.27 per cent in January, better than 0.73 per cent in the previous month, official data released on Wednesday showed.
The Reserve Bank of India (RBI) projected the retail inflation falling to below 5 per cent on considerable certainty on the food price outlook and some softening in the growth of input costs.
Congress MP Manish Tewari said, "It is a 'vote-on-account' budget which has only one purpose to keep the government solvent for the first quarter of the current fiscal year."
The annual rate of inflation based on the all India Wholesale Price Index (WPI) for December rose to 0.73 per cent, a nine-month high, according to government data on Monday.
The recent surge in inflation, charac- terised by supply chain disruptions, pent-up demand, and geopolitical events, prompts us to re-evaluate con- ventional wisdom on inflation management.
