Speaking at the World Economic Forum annual meeting in Davos, the governor expressed confidence in the effectiveness of monetary policy, stating that core inflation has been steadily decreasing.
Union Budget 2024: The budget is expected to include various financial indicators, including inflation, fiscal deficits, capital expenditures, revenue receipts, bad loans, and more.
The positive inflation rate in December is attributed to higher prices of food articles, machinery and equipment, other manufacturing goods, other transport equipment, and computer, electronics, and optical products, among others.
Food inflation, which constitutes nearly half of the overall consumer price basket, increased to 9.53 per cent in December, up from 8.70 per cent in November.
Finance minister Vladimir Regueiro said the cost of diesel and other types of fuel would face similar mark-ups, while also increasing electricity and natural gas prices. The Cuban government would also open 29 new petrol stations that will solely accept payment in US dollars.
According to the the report the cost of a vegetarian (veg) thali fell by 3 per cent to Rs 29.7, while a non-vegetarian (non-veg) thali dropped by 5 per cent to Rs 57.6 during the same period.
The Reserve Bank of India has been tasked by the government to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side.
Building wealth through investments is a challenging yet rewarding goal. Stealth wealth, characterized by maintaining financial privacy, is gaining popularity.
Known as the 'Donald Trump of Argentina', Milei proposed a series of dramatic changes as the country reels from a worsening economic crisis with rising inflation. He won the elections by garnering close to 56% of the total votes, defeating his rival Sergio Massa, the economy minister.
A political outsider, Milei's campaign was based on aggressive rhetoric and promises of dramatic changes that drew parallels with former US President Donald Trump. The elections came at a time when Argentina is suffering from record-high levels of inflation and poverty.
Rajasthan Assembly election 2023 chunav mach: Trivedi pointed out the challenges faced by the state, emphasising issues such as increasing crimes against women and the alleged leak of sensitive information.
The data's release is closely monitored by economists, policymakers, and the public as it provides insights into changes in the cost of living and purchasing power for citizens.
In September, Pakistan experienced its first inflation increase in four months, driven by government-mandated fuel price hikes aligned with IMF conditions for a $3 billion bailout program.
Pakistan's Finance Ministry on Friday announced a price hike of petrol by Rs 26.02 and diesel by Rs 17.34 per litre following clearance from the interim PM.
The fuel price hike comes on the heels of over 27.4 per cent increase in the rate of inflation in August, putting an unbearable burden on the masses, as petrol and HSD are used by all private and public service vehicles.
India's economy experienced robust growth of 7.8% in the April-June quarter of the current fiscal year, driven by strong activity in the services sector and robust demand.
According to Pakistani English Daily, the prices of kerosene would also get costlier by about Rs10 per litre.
According to the data released by the Ministry of Statistics and Programme Implementation, the inflation rate in Delhi was 6.83% in August 2023, which is the lowest among all states in India.
Haqiqat Kya Hai: Pakistan's Economic worsen; Nationwide protest over inflation
The government on Tuesday announced a Rs 200 per cylinder cut in prices of domestic cooking gas as it looked to counter the promise of cheaper LPG made by the Congress in upcoming Assembly elections in states such as Madhya Pradesh.
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