English | دری

India’s inflation rises faster than expectations

in International Business

India’s inflation rises faster than expectations

India’s inflation rate hit 7.55% in August, higher food prices being the main reason behind the rise.

Analysts had expected the August inflation rate to be about 6.95%.

The data comes ahead of a Reserve Bank of India meeting, due on Monday, to decide interest rate policy.

According to Madan Sabnavis, chief economist at Care Ratings, the stimulus package released by the US is likely to push up commodity prices and add to inflation.

India’s economy may not see a cut in interest rate, as inflation expectations are still quite high.



Related Articles

IMF close to agree on USD 17.5bn economic reform program for Ukraine

Managing Director of the International Monetary Fund (IMF), Christine Lagarde, announced Monday that the IMF has reached a staff-level agreement

Vatican Bank’s earnings soar by 20-fold

A privately held institute situated exclusively on the sovereign territory of the Vatican City, the Vatican Bank witnessed a 20-fold

The price of oil hits USD 97 per barrel

(Fox News) The price of oil rose toward $97 per barrel Tuesday, but gains were checked as investors waited for

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.