Consumer Inflation Eases To 4.17% In July

Consumer Inflation Eases To 4.17% In July

The next bi-monthly policy is to be unveiled on October 5.

The ONS reported that the rate of consumer price inflation, the most-watched measure, increased from 2.4% in June to 2.5% in July, reversing a trend of gradually declining inflation over the course of 2018. Fuel prices, which have been a talking point recently also eased with the fuel inflation coming down to 7.96 per cent in July, from 8.50 per cent last month.

In June, the retail inflation stood at a five-month high of 5 per cent.

"As the temporary factors pushing prices up fade away, inflation is expected to slowly fall back close to the target rate, but that will offer little respite for workers without a significant pickup to their salaries in tandem".

However, inflation in the "fuel and light" segment based on the changes in the CPI increased to 7.96 percent from 7.14 in the previous month.

Economic Affairs Secretary S C Garg said that all macroeconomic parameters are performing well.

Sergio Ramos fires back at final failure Jurgen Klopp
Julen Lopetegui's side kick off their domestic season this Sunday night with a home game against fellow Madrid-based club Getafe. While Ramos reacted with curiosity to comments emerging from Italy and his former teammate Cristiano Ronaldo, now of Juventus.

Real Madrid's Sergio Ramos plays down Cristiano Ronaldo 'family' comments
Sergio Ramos insists that Real Madrid are not bothered about Thibaut Courtois's prior association with city rivals Atletico Madrid .

The Romanoffs: Amazon Releases Trailer for Matthew Weiner Series
According to Deadline , Hendricks and Slattery aren't the only Mad Men alum among The Romanoffs' massive , globe-trotting cast. The drama follows "eight separate stories about people who believe themselves to be descendants of the Russian royal family".

United Kingdom inflation climbed in July as had been expected, according to the latest data from the Office for National Statistics (ONS) released on Wednesday.

ICRA's Nayar said CPI inflation in Q2 FY19 looks set to lag the MPC's estimate of 4.6 per cent, reducing the likelihood of a rate hike in the October policy review.

He said that this category, coupled with the transport and communication group, is expected to exert pressure on retail inflation.

United Kingdom inflation rose to 2.5% in July, according to the Office for National Statistics, up from 2.4% in the previous month. However, a depreciating rupee, which hit an all-time high on Monday at 69.93 against the dollar, and volatile crude oil prices, may lead to considerable uncertainty over inflation.

The latest inflation figures come just 24 hours after the ONS showed that unemployment in the United Kingdom has fallen to just 4%, a low not witnessed since the early 1970s. Price data are received through web portals, maintained by the National Informatics Centre.

Related News:



Most liked

Wayne Rooney stops goal then sets up victor in MLS
The 32-year-old carried the ball back into the Orlando half before launching a ball towards the back post. Wayne Rooney has settled into Major League Soccer in the six weeks he's played for D.C.

China denies internment of 1 million Uighurs
Global Times said the intense regulations in the region were merely "a phase that Xinjiang has to go through in rebuilding peace and prosperity".

MAP: Number of accused clergy in Pa. Catholic dioceses
Hannon admitted to the abuse while receiving treatment at Foundation House, a psychiatric facility in New Mexico, the report said. The grand jury scrutinized abuse allegations in dioceses that minister to more than half the state's 3.2 million Catholics.

Trump Tweet Pushes Harley Into New Skid
President Donald Trump is backing calls for a Harley-Davidson boycott amid an ongoing steel tariff dispute. Tensions between the administration and Harley-Davidson have brewed for months.

Mourners bury Yemeni kids killed in coalition strike
The U.S. military supports the Saudi-led mission in Yemen by refueling coalition planes in-flight and providing intelligence. However, U.S. complicity in last Thursday's bombing of a school bus goes far beyond merely providing the munitions used.

Rogic's Celtic crash out of Champions League
Celtic will now head into the Europa League playoff round and face either Latvian or Lithuanian opposition. We're one round away from the group stage following a busy Tuesday in the UEFA Champions League .

Clarkson allowed to play for PH in Asian Games
My heart is full of gratitude for everyone who helped make this happen", the 26-year-old wrote in a short but sweet Facebook post. If Clarkson does miss the all-important game against Kazakhstan, his much-awaited PH debut will be against China on August 21.

Nebraska conducts first US execution with crisis opioid drug fentanyl
Moore fatally shot Maynard Helgeland by himself five days later, saying he wanted to prove he could take a man's life by himself. Moore released a "last statement", where he apologized to his brother, Donald, who was with him during his first murder.

Xiaomi POCO F1 to launch in India on August 22
The POCO F1 , which is the first phone from Xiaom's sub-brand POCO , or POCOPHONE will officially be revealed on August 22. An unboxing video, published by Slashleaks, shows the Pocophone F1 will sport a notch on the front and a premium design .

Turkish relations spiraling amid tit-for-tat penalties over detained pastor
Erdogan that interest rates are "evil", and because he has been controlling Turkey's central bank consistent with that belief. Investors are also anxious about the effects of the dispute between two North Atlantic Treaty Organisation allies.

Jets’ Todd Bowles Rips Terrelle Pryor For Candidly Talking About Injury
Pryor is not expected to play for the second game in a row as he gets game-ready after ankle surgery he had in May. It also speaks to another reason why his tenure with the Redskins was so short, lasting just one season.

Vimeo just decided to remove content from InfoWars conspiracy theorist Alex Jones
The company said it removed Jones' InfoWars videos from it's platform for violating their rules, according to Business Insider . The tweets were deleted by the InfoWars staff, according to Jones, as a way to "take the super high road".

Manafort lawyers rest without calling witnesses in fraud trial
After 10 days of testimony from more than two dozen witnesses, prosecutors wrapped up its case against Manafort on Monday. Tuesday, the jurors were called back into the courtroom, where they heard Manafort's attorneys rest their case.

21-year-old woman becomes youngest in United States to receive face transplant
Ms Schneider had a hard life, born with drugs in her system to a drug addicted mother who died when she was only 13-years-old. Katie also continues physical and occupational therapy, works with a speech therapist and takes Braille lessons.

Detained US pastor in Turkey appeals for release 46min
Erdogan made the comments in retaliation against USA sanctions , which have helped worsen an economic crisis in the country. Analysis: Why is Turkey's currency crisis shaking global markets? BBVA is the second-largest private bank in Spain.