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Consumer prices in India fell in February compared with January by 0.07%, official data showed. At the same time, annual inflation accelerated to 2.57% from the January level of 1.97%, but its value remains well below the target level of the Reserve Bank of India at 4%. Economists had expected the February figure at 2.43%. During the year, food prices dropped by 0.7%, while prices for clothes and shoes increased by 2.7%. The main reason for the slowdown in consumer price growth over the past 12 months was the fall in food prices. The Indian Central Bank expects that in the first quarter of this year, inflation in the country will be at the level of 2.8%. Earlier it was reported that the growth rate of industrial production in India slowed in January in annual terms from 2.6% to 1.7%.
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
June had seen Philippine inflation advancing faster than what was initially thought. This followed after one of the world’s longest coronavirus lockdowns was lifted. Moreover, food, fuel prices, and the transport index were seen at higher ...
Taiwan's exports for June has been forecasted to have dropped by 3% in contrast to a year earlier, according to a median forecast of 13 analysts polled by Reuters. The results are based on the uncertainties of the COVID-19 pandemic as it continues ...
Asian shares traded slightly higher earlier on Wednesday after China released gloomy inflation data on the same day. China’s Shanghai Composite slid by 0.68% at 10:48 PM ET (3:48 AM GMT), while the Shenzhen Component inched up by 0.9%. Hong ...
The longest expansion in U.S. history ended in February with the economy falling into a deep recession as the coronavirus pandemic triggered the shutdown of businesses across the country. The National Bureau of Economic Research (NBER), the ...
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