FOREX TradingCharts.com

Financial News: India Inflation Slows To 5.09%

India Inflation Slows To 5.09%

03/12/2024 - 09:19:00 (RTTNews)

(RTTNews) - India's consumer price inflation softened marginally in February, data from the Ministry of Statistics and Programme Implementation showed Tuesday.

The consumer price index posted an annual growth of 5.09 percent in February. This was slightly slower than January's 5.1 percent increase and economists' forecast of 5.02 percent rise. In the same period last year, inflation was 6.44 percent.

Meanwhile, food price inflation advanced to 8.66 percent from 8.30 percent a month ago.

The Reserve Bank of India aims to keep overall inflation within the tolerance band of 2-6 percent.

Last month, the Reserve Bank had decided to keep the repo rate unchanged at 6.50 percent.

The central bank forecast inflation for the current fiscal at 5.4 percent. For 2024-25, inflation was seen at 4.5 percent.

Month-on-month, consumer prices gained 0.16 percent in February, reversing a 0.11 percent fall in January, data showed today.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Sweden Producer Prices Fall Further (41 min(s), 51 sec(s) ago)
(RTTNews) - Sweden's producer prices declined for the eleventh straight month amid a continued ...Full Story»

German Consumer Sentiment To Rise In May (01 hr(s), 0 min(s),51 sec(s) ago)
(RTTNews) - German consumer confidence is set to rise again in May, survey conducted by the market ...Full Story»

Norway Jobless Rate Rises To 4.0% (01 hr(s), 21 min(s), 51 sec(s) ago)
(RTTNews) - Norway's unemployment rate increased in March after falling in the previous month, ...Full Story»

Japan Leading Index Unrevised At 18-Month High (01 hr(s), 43 min(s), 51 sec(s) ago)
(RTTNews) - Japan's leading index improved to the highest level in one-and-a-half years as ini ...Full Story»

German Export Expectations Fall For First Time In 3 Months - Ifo (01 hr(s), 56 min(s), 51 sec(s) ago)
(RTTNews) - Sentiment among Germany's exporters weakened in April after a strong rebound in th ...Full Story»

European Economic News Preview: German Consumer Confidence Data Due (02 hr(s), 46 min(s), 51 sec(s) ago)
(RTTNews) - Consumer sentiment survey data from Germany is the top economic news due on Thursday, ...Full Story»

South Korea Q1 GDP Climbs 1.3% (28 min(s), 09 sec(s) ago)
(RTTNews) - South Korea's gross domestic product was up a seasonally adjusted 1.3 percent on q ...Full Story»

South Korea GDP Jumps 1.3% In Q1 (53 min(s), 09 sec(s) ago)
(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted 1.3 percent on ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Sweden Producer Prices Fall Further

04/25/2024 - 03:38 AM (RTTNews)
(RTTNews) - Sweden's producer prices declined for the eleventh straight month amid a continued ...Full Story>>

German Consumer Sentiment To Rise In May

04/25/2024 - 03:19 AM (RTTNews)
(RTTNews) - German consumer confidence is set to rise again in May, survey conducted by the market ...Full Story>>

Norway Jobless Rate Rises To 4.0%

04/25/2024 - 02:58 AM (RTTNews)
(RTTNews) - Norway's unemployment rate increased in March after falling in the previous month, ...Full Story>>

Japan Leading Index Unrevised At 18-Month High

04/25/2024 - 02:36 AM (RTTNews)
(RTTNews) - Japan's leading index improved to the highest level in one-and-a-half years as ini ...Full Story>>

German Export Expectations Fall For First Time In 3 Months - Ifo

04/25/2024 - 02:23 AM (RTTNews)
(RTTNews) - Sentiment among Germany's exporters weakened in April after a strong rebound in th ...Full Story>>

Do not sell my personal information

Copyright © 2024. 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.