In December, price growth in India slowed to 2.19% compared with 2.33% in November. The decline in inflation has been observed for three months in a row, thanks to which the indicator has dropped to the level of June 2017. According to experts, the reason for the slowdown in inflation is the fall in food prices in the country. Food prices fell by 2.51% in annual terms, while fuel and electricity went up by 4.54%, clothing and footwear - by 3.52%. Inflation data for December 2018 will allow the Central Bank of India to ease monetary policy.
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 ...
Germany is anticipating an inflation rate drop as the national preliminary inflation data is set to be released 1200 GMT. This reading surfaced after regional inflation figures showed inflation plunging in the month of May. Some German states ...