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In April, annual inflation in India was 2.92%, having accelerated from 2.86% in March, official data showed. The April inflation rate was the highest in the last six months. Economists had expected an even greater acceleration of inflation - up to 2.97%. Rising food prices in annual terms amounted to 1.1%. Fuel and electricity rose by 2.56%. The cost of clothes and shoes increased by 2.01%. Housing became more expensive by 4.76%. Experts note that inflation, despite its acceleration since February, remains below the target indicator of the Reserve Bank of India – at 4%. This fact, in their opinion, suggests that the Indian Central Bank may cut interest rates this year to stimulate economic growth in the country.
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 ...
Mexico’s economy is likely to have shrunk by 17% in April, finance minister Arturo Herrera told local broadcaster W Radio on Thursday. However, he reassured that the economy could shrink “a little less” in May as lockdown ...
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