consumer price index news

Published on Apr 16, 2025 11:15 AM IST

ANI |

Egg prices surge to a record high of $6.23 per dozen despite Trump's predictions

The increase reported Thursday in the Consumer Price Index means consumers and businesses that rely on eggs should not anticipate immediate relief.

FILE - Cartons of eggs sit on a shelf in a Walmart store, March 10, 2025, in Englewood, Colo. (AP Photo/David Zalubowski, File)(AP)

Published on Apr 10, 2025 07:29 PM IST

AP | | Posted by Aishwarya Kandpal

RBI cuts India's GDP forecast to 6.5%, inflation to 4% amid global uncertainties

The Reserve Bank of India (RBI) has cut its estimates on both India's Gross Domestic Product (GDP) and inflation, measured by the Consumer Price Index (CPI).

Updated on Apr 09, 2025 11:46 AM IST

ByAbhyjith K. Ashokan

Inflation eases to 6-month low 3.61% as veg prices fall

Retail inflation in India fell to 3.6% in February, while factory output grew 5.1% in January, indicating a positive economic outlook.

Published on Mar 13, 2025 06:02 AM IST

ByAuhona Mukherjee, New Delhi

US consumer price growth slows in February, but tariffs may boost inflation

U.S. consumer prices increased less than expected in February, but the improvement is likely temporary against the backdrop of aggressive tariffs on imports.

The consumer price index rose 0.2% last month after accelerating 0.5% in January, the Labor Department's Bureau of Labor Statistics said on Wednesday.(AFP)

Updated on Mar 12, 2025 07:29 PM IST

Reuters |

China, Hong Kong stocks fall on deflationary worries

CHINA-STOCKS/MIDDAY:China, Hong Kong stocks fall on deflationary worries

Published on Mar 10, 2025 09:56 AM IST

Reuters |

US eggs prices hit a record high of $4.95, likely to keep climbing

The spike in egg prices in the US was the biggest since the nation's last bird flu outbreak in 2015.

US egg prices: The main reason that eggs are more expensive is the bird flu outbreak.(AFP)

Updated on Feb 13, 2025 07:21 PM IST

AP |

Retail inflation eases to 5-month low: What it actually meant for your wallet

India's retail inflation fell to a 5-month-low value of 4.31% in January this year. Read on to know how that affected your wallet.

Retail inflation in India has dipped to a 5-month-low. What it did for your wallet?(Bloomberg)

Published on Feb 13, 2025 09:34 AM IST

ByAshley Paul

US stock market: Wall Street falls after worse inflation data

The S&P 500 was 0.2% lower in afternoon trading. The Dow Jones Industrial Average was down 169 points, or 0.4%, as of 12:47 p.m. Eastern time

FILE - A sign outside the New York Stock Exchange marks the intersection of Wall and Broad Streets, Tuesday, Jan. 28, 2025, in New York. (AP Photo/Julia Demaree Nikhinson, File)(AP)

Published on Feb 12, 2025 11:49 PM IST

AP | | Posted by Arya Vaishnavi

US inflation likely remained sticky-high last month, threatening rate cuts

US inflation probably worsened last month on the back of higher prices for gas, eggs, and used cars.

US Labour Department is expected to report that in December the consumer price index rose 2.8% from a year ago, according to economists surveyed by FactSet(AFP)

Updated on Jan 15, 2025 02:30 PM IST

AP |

Retail inflation eases to four-month low of 5.22%

Food prices eased on the back of a slower pace of inflation in vegetable prices, which stood at 26.56% in December last year.

A woman shops for vegetables at a market in Prayagraj. (AP Photo)

Updated on Jan 13, 2025 05:10 PM IST

ByZia Haq

Experts to advise if free food comes under CPI

The ministry of statistics and programme implementation has put out a discussion paper, seeking views from experts on how to “treat” free ration under the public distribution system or PDS, which comprises a network of 500,000 far-price shops.

Published on Dec 31, 2024 11:00 PM IST

ByZia Haq

Retail inflation slows slightly at 5.48%

Despite the slowing pace of growth in prices, the Consumer Price Index-based rate of retail inflation stayed above the RBI’s 4% tolerance level.

Prices of food, which have been the main source of high inflation for consecutive quarters, continued to be elevated at 9.04%. (Representative file photo)

Updated on Dec 12, 2024 04:42 PM IST

ByZia Haq

New RBI guv must keep macro picture in sight

The change of guard in Mint Street comes at a point when the central bank has steadfastly held interest rates till inflation aligns itself with the 4% target.

Sanjay Malhotra speaks during the 67th Foundation Day of the Directorate of Revenue Intelligence (DRI) in New Delhi, India December 4, 2024. India's Press Information Bureau/Handout via REUTERS (via REUTERS)

editorials

Updated on Dec 11, 2024 06:36 AM IST

ByHT Editorial

Sanjay Malhotra to command last leg of RBI’s war on inflation

Malhotra becomes the latest finance ministry official to steer RBI, after outgoing governor Das, as well as previous governors D. Subbarao, Y.V. Reddy and Bimal Jalan

Published on Dec 10, 2024 03:14 PM IST

ByRajeev Jayaswal, Gireesh Chandra Prasad, Shayan Ghosh

Unchecked 'sticker shock' from inflation can hurt manufacturing and economy: RBI

This comes after inflation rose above the tolerance limit in October 2024, which the RBI described as a “sticker shock” after September’s “wake-up call" spike

The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016(Danish Siddiqui/Reuters)

Updated on Nov 21, 2024 04:21 PM IST

ByAbhyjith K. Ashokan

WPI inflation hits 4-month high of 2.4% in October

India's wholesale inflation rose to 2.4% in October, driven by higher food prices, surpassing forecasts and reflecting increased retail inflation.

Updated on Nov 15, 2024 08:00 AM IST

ByAuhona Mukherjee, New Delhi

Chandigarh admn hikes minimum wages

According to the revised rates, monthly wages of unskilled employees have been increased from ₹13,659 to ₹13,834 and daily wages from ₹525 to ₹532.

This revision of minimum wages will benefit thousands of workers working in factories and shops in Chandigarh. (HT File)

cities

Updated on Oct 05, 2024 09:28 AM IST

ByHT Correspondent, Chandigarh

Minimum wages for unorganised sector workers increased from Oct 1 by VDA hike

The central government increased minimum wages for unorganised sector workers from October 1, 2024, by increasing Variable Dearness Allowance (VDA)

The Government raised minimum wages for unorganised workers using the Variable Dearness Allowance (VDA)(Amit Dave/Reuters)

Published on Oct 02, 2024 05:41 PM IST

ByHT News Desk

Why India must track the cost of a healthy

It is imperative that the government takes the lead in publishing periodic reports on the cost of a healthy diet, thereby offering a credible basis for understanding the key drivers of these costs and considering solutions to make healthy diets more affordable

The fact remains that food items have been and will remain key components of the CPI and the CPI-Food (CPI-F), seen as key barometers of cost of living and of overall inflation in India (Photo by Samir Jana/ Hindustan Times) (Hindustan Times)

opinion

Published on Sep 18, 2024 09:18 PM IST

BySudha Narayanan, Kalyani Raghunathan, , Anita Christopher

US wholesale inflation cooled in July in sign that price pressures are continuing to ease

Published on Aug 13, 2024 06:13 PM IST

AP |

Inflation dips to 3.54%, lowest since August 2019

India's inflation rate dropped to a 5-year low of 3.5% in July, below the RBI's 4% target, mainly due to a favorable base effect, not a significant economic change.

Shoppers walk inside a shoe store at a market area in New Delhi, India, July 23, 2024. REUTERS/Priyanshu Singh (REUTERS)

Updated on Aug 13, 2024 07:30 AM IST

ByRoshan Kishore, New Delhi

Retail inflation eases to a five-year low of 3.54% in July, below 4% RBI target

Retail inflation fell to the lowest in nearly five years in July, according to the Consumer Price Index (CPI) data released on Monday.

The combined Consumer Food Price Index (CFPI), which shows food inflation also saw a sharp decline. It was 5.42% in July 2024, compared to 11.51% in July 2023 (Representational image)

Updated on Aug 12, 2024 07:41 PM IST

ByAbhyjith K. Ashokan

Gold prices edge higher as investors focus on US inflation data

Spot gold was up 0.2% at $2,435.33 per ounce, US gold futures were flat at $2,474.20.

The US consumer price index (CPI) data, due on Wednesday, is expected to show that headline and core prices rose 0.2% month-on-month.

Published on Aug 12, 2024 12:40 PM IST

Reuters |

Demand to link legislators’ salaries to consumer price index

Though he did not make any direct commitment, chief minister Yogi Adityanath, while concluding his address, said parliamentary affairs minister Suresh Khanna would look into the issue about members’ salaries.

cities

Updated on Aug 02, 2024 08:52 AM IST

ByHT Correspondent, Lucknow

India's retail inflation to remain around 5% for most of the year: SBI Research

Retail inflation in India, measured using the Consumer Price Index is expected to remain below or close to 5% for the remaining months of 2024-25.

India's retail inflation rate increased in June, deviating from the moderation seen in previous months, driven by rising food prices. (Representational image)

Published on Jul 14, 2024 04:02 PM IST

ANI |

The importance of numbers

A healthy democracy needs healthy and regular statistics. Government needs to ensure that

The National Statistical Office (NSO) released the full report of the Household Consumption Expenditure Survey (CES) on June 7(REUTERS PHOTO.)

editorials

Published on Jun 10, 2024 09:12 PM IST

ByHT Editorial

US consumer inflation accelerates to 3.5% in March, dashing hopes of a rate cut

Federal Reserve may be wary of an early interest rate after spike in inflation figures

Gas prices are seen at a gas station in Riverwoods, Ill., Monday, April 1, 2024. On Wednesday, April 10, 2024, the Labor Department issues its report on inflation at the consumer level in March. (AP Photo/Nam Y. Huh)(AP)

Published on Apr 10, 2024 06:32 PM IST

AFP |

Both dovish and hawkish

RBI has maintained its stance on policy rate citing food inflation. But tying policy to food prices may force economy to sacrifice growth

The current growth momentum of the economy has given some policy buffer to RBI in keeping interest rates high and (potentially) erring on the side of caution.(PTI Photo)

editorials

Published on Apr 05, 2024 11:49 PM IST

ByHT Editorial

What do rising gas prices mean for the future of US inflation?

Surging gasoline prices and potential impacts on US inflation take center stage.

Will February’s gas price surge propel US inflation even higher?(AP Photo/David Zalubowski, File)(AP)