Tag: inflation
How falling household savings affect the economy
The financial savings of households crashed to a multi-decade low in 2022-23 due to higher inflation. ET Wealth analyses the impact. Fall in overall savings…
How rising oil prices can impact Indian economy
Crude oil prices have shot up since June…Brent crude has jumped to a 10-month high and breached $93/barrel in mid-September. It has averaged $83.5 in…
Global uncertainty may keep inflation elevated: Sitharaman
Global uncertainty and domestic disruptions may keep inflationary pressures elevated in coming months, the finance ministry said on Tuesday, adding that this warrants greater vigilance…
Cost of treatment doubles in 5 years as medical inflation bites
(This story originally appeared in on Aug 23, 2023) MUMBAI: The cost of treatment for common ailments that require hospitalisation has more than doubled in…
Govt imposes 40% duty on onion exports till December 31
The Centre introduced a 40 per cent export duty on onions until December 31, as a measure to control escalating prices within the domestic market,…
Syrian president doubles public sector wages as national currency spirals downwards
BEIRUT: Syria‘s president early Wednesday doubled public sector wages and pensions as the war-torn country’s national currency spiraled further downwards, reaching a new low for…
UK PM Sunak sees “light at the end of the tunnel” on inflation
LONDON: British Prime Minister Rishi Sunak said there was “light at the end of the tunnel” for his government’s plan to halve inflation, adding that…
Russia’s central bank makes huge interest rate hike to try to prop up falling ruble
ESTONIA: Russia’s central bank made a big interest rate hike of 3.5 percentage points on Tuesday, an emergency move designed to fight inflation and strengthen…
Retail inflation rises to 15-month high of 7.44% in July: Govt data
Retail inflation jumped to a 15-month high of 7.44 per cent in July as prices of vegetables and other food items spiked, according to official…
Javier Milei: Argentine far-right outsider Javier Milei posts shock win in primary election
BUENOS AIRES: Argentine voters punished the country’s two main political forces in a primary election on Sunday, pushing a rock-singing libertarian outsider candidate into first…