Tag Archives: CPI

India's retail inflation has hit a 10-month low, standing at 4.85% for the month of March 2024, compared to 5.09% in the previous month. This decline, below earlier predictions, marks a significant easing in inflationary pressures.

In a surprising turn, US consumer prices experienced a notable increase, throwing a wrench into expectations of potential interest rate cuts by the Federal Reserve this month. According to data released by the Labor Department on Tuesday, the consumer price index (CPI) surged by 3.2 percent annually in February, marking a significant jump from the previous month's figures. Additionally, the CPI climbed by 0.4 percent in February alone.

The latest government data reveals a notable decline in retail inflation, easing to a three-month low of 5.10% in January. This downturn is primarily attributed to reduced food prices, according to official statistics released on Monday.

Retail inflation in India surged to a 15-month high of 7.44% in July, driven by a sharp increase in food prices, particularly vegetables. The Consumer Price Index (CPI) recorded a significant jump from 4.87% in June and 6.71% in July 2022, prompting concerns about the impact on consumers' purchasing power and the broader economy.