The dollar dropped and Wall Street indexes retreated on Friday as the U.S. Federal Reserve’s preferred inflation reading indicated lowering prices in line with December forecasts, while MSCI’s global stock index was marginally higher.
Browsing: Inflation
According to government data, the so-called core consumer price index—which does not include food and energy costs—rose by 0.3% in November after increasing by 0.2% in October. For the second month, it increased by 4% from a year ago.
To stop price increases and boost supply on the domestic market through December 31, 2023, the government on Saturday placed a 40% levy on the export of onions.
The RBI Governor claims that there are still significant uncertainties regarding the inflation outlook for the second half of the current fiscal year compared to April.