In June the retail prices rose by 9.10%, the highest level in almost four decades. This rise is despite the last three hikes in the base rate. Therefore, the objective of countering the rising inflation, and bringing it back to the Fed’s target level of 2% remains uppermost in the Fed’s mind. It was expected […]
The CPI based inflation remained flattish and was reported at 7.01% for the month of Jun’22, as compared to 7.04% in the preceding month, and 6.26% during the year ago period. A favourable base effect and softness in prices of food articles led to a stable headline number. Core inflation too witnessed a move similar […]
The inflationary pressures are expected to remain elevated over the near to medium term due to the same reasons why they moved up. The retail inflation touched a high of 7.79% in April and eased to 7.04% in May, showing some signs of fatigue after a five-month unbroken upward trajectory. The moderation in the prices […]
Oil price still reflects the premium which got priced in at the start of the Russian invasion of Ukraine. Recently, there has been some moderation in oil prices of about 15 % in the last two weeks. This fall in prices is occasioned by a record increase in US crude production which touched 12 million […]
The Dollar index was at 104.85 on May 12 22, and thereafter, it pulled back to 102.08 level later in the month. But the index surged thereafter touching 104.28 by June 20, 2022. The movement in the Dollar Index demonstrates the strength in the US unit, and the likely trajectory in the coming months. The […]
Gold is trading at US$ 1840, and for almost a period of four weeks it has been hovering around this level. It has not moved much having been pulled in two directions by two powerful forces – the persistent inflationary pressures, and the rising rates. The rise in US rates has been much faster and […]
