Consumer prices in India slowed growth in January for the fourth month in a row. Inflation last month was 2.05%, whereas a month earlier it was at the level of 2.11%. Economists had not expected it to slow down. According to their estimates, it was assumed that the inflation rate would rise to 2.5%. The Reserve Bank of India has set a target inflation rate of 4%, but it has not been able to achieve it within 6 months. Economists predict a further reduction in the key rate of the Indian Central Bank, since the country's economy requires appropriate measures to strengthen it. In January, food products in India fell by 2.17% year-on-year. At the same time, the rise in prices for fuel and electricity slowed down to 2.2%.
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...