This is not a phenomenon in Pakistan, as vegetable prices tend to skyrocket ahead of festivals like Ramadan and Eid-Al-Adha. Pakistan continues to endure high food inflation despite government's efforts to curtail rising prices, which seem to be having the opposite effect.
The Indian stock markets opened at fresh record highs on Thursday following the US Federal Reserve's decision to keep interest rates unchanged. The Fed also indicated only one rate cut by the end of the year despite high inflation.
Spike in headline inflation is an "unwanted complication" in a slowing economy and will prevent the Reserve Bank from cutting rates, analysts said on Monday, warning of the "spectre of stagflation" that India risks getting into.
New Delhi: The Reserve Bank India (RBI) may consider raising interest rates to bring down the persistently high inflation on a durable basis, suggested IMF working paper."Given elevated and persistent inflation... the RBI may also
Mumbai: Reserve Bank Governor Raghuram Rajan is widely expected to hold the key rates citing high inflation at the fourth bi-monthly monetary policy announcement on Tuesday, even though the pro-growth lobby has been wishing for
Kolkata, Jan 18: Left trade unions Thursday came down heavily on the United Progressive Alliance government's decision allowing state-run oil marketing companies to revise diesel prices, saying the step would lead to high inflation."The central
New Delhi, July 30: In view of high inflation and deficient monsoon rainfall, the Reserve Bank may find it difficult to cut the key lending rate to boost the economy as is being demanded by
New Delhi, Jun 26: Power tariff for domestic consumers in the Capital was today hiked by a steep 26 per cent—the fourth increase in ten months—in a shock to people already burdened by high inflation
New Delhi, Oct 22: This Diwali and Dhanteras people from middle- and low-income groups will be spending up to 40 per cent less, courtesy high inflation which is eating into their monthly budgets, says a
Mumbai, Sep 16 : Concerned over high inflation, the Reserve Bank today raised key interest rates by 25 basis points, its 12th such hike since March, 2010, making auto, home and other loans more expensive.
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