FOREX TradingCharts.com

Financial News: India Inflation Eases Slightly In June

India Inflation Eases Slightly In June

07/12/2022 - 09:46:00 (RTTNews)

(RTTNews) - India's consumer price inflation eased for the second straight month in June, though marginally, and remained above the central bank's tolerance band, official data showed on Tuesday.

Consumer prices climbed 7.01 percent year-over-year in June, following a 7.04 percent rise in May. That was also just below the 7.03 percent increase expected by economists.

The central bank targets inflation of 4.00 percent, with a tolerance band of 2.00 percent at the lower end and 6.00 percent on the upper side.

Prices for fuel and light grew the most, by 10.39 percent annually in June. This was followed by a 9.52 percent rise in clothing and footwear and a 7.56 percent increase in food and beverage prices

Data also showed that food price inflation eased to 5.15 percent in June from 7.97 percent in May.

On a monthly basis, consumer prices moved up 0.52 percent in June and food prices gained 0.99 percent.

The Reserve Bank of India raised its repo rate by 50 basis points in June and 40 basis points in May due to rising inflation.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


RBA Minutes On Tap For Tuesday (02 hr(s), 23 min(s), 41 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its monetary po ...Full Story»

Swiss Producer And Import Price Inflation Slows In July (07 hr(s), 53 min(s), 41 sec(s) ago)
(RTTNews) - Switzerland's producer and import prices increased at a softer pace in July, data ...Full Story»

U.S. Housing Market Index Unexpectedly Drops To Two-Year Low In August (09 hr(s), 40 min(s), 41 sec(s) ago)
(RTTNews) - A report released by the National Association of Home Builders on Monday unexpectedly ...Full Story»

New York Manufacturing Index Unexpectedly Indicates Contraction In August (10 hr(s), 24 min(s), 41 sec(s) ago)
(RTTNews) - New York manufacturing activity has unexpectedly seen a substantial contraction in the ...Full Story»

Slovakia Inflation Rises Slightly In July (11 hr(s), 26 min(s), 41 sec(s) ago)
(RTTNews) - Slovakia's consumer price inflation accelerated marginally in July, but remained a ...Full Story»

New York Manufacturing Index Unexpectedly Turns Negative In August (11 hr(s), 42 min(s), 41 sec(s) ago)
(RTTNews) - New York manufacturing activity has unexpectedly seen a substantial contraction in the ...Full Story»

Norway Trade Surplus Rises In July (11 hr(s), 55 min(s), 41 sec(s) ago)
(RTTNews) - Norway's trade surplus expanded in July compared to the previous year as exports i ...Full Story»

Ireland Trade Surplus Falls In June (12 hr(s), 14 min(s), 41 sec(s) ago)
(RTTNews) - Ireland's trade surplus decreased in June from a year ago, as imports grew more ra ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

RBA Minutes On Tap For Tuesday

08/15/2022 - 18:00 PM (RTTNews)
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its monetary po ...Full Story>>

Swiss Producer And Import Price Inflation Slows In July

08/15/2022 - 12:30 PM (RTTNews)
(RTTNews) - Switzerland's producer and import prices increased at a softer pace in July, data ...Full Story>>

U.S. Housing Market Index Unexpectedly Drops To Two-Year Low In August

08/15/2022 - 10:43 AM (RTTNews)
(RTTNews) - A report released by the National Association of Home Builders on Monday unexpectedly ...Full Story>>

New York Manufacturing Index Unexpectedly Indicates Contraction In August

08/15/2022 - 09:59 AM (RTTNews)
(RTTNews) - New York manufacturing activity has unexpectedly seen a substantial contraction in the ...Full Story>>

Slovakia Inflation Rises Slightly In July

08/15/2022 - 08:57 AM (RTTNews)
(RTTNews) - Slovakia's consumer price inflation accelerated marginally in July, but remained a ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.