Due to the ongoing heatwave, there has been an increase in both demand for FMCG items as well as durable goods, with major industry players betting on double-digit growth in sales
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Looking ahead to the upcoming US elections, the report anticipates significant global repercussions
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While Prime Minister Rishi Sunak welcomed the fall in headline inflation in May, it has likely come too late to turn around his fortunes in British elections on 4 July or to prompt a Bank of England rate cut on Thursday
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"US economic data has been strong in the first quarter, but signs of weakness are emerging, potentially marking a turning point for the US economy," the report notes.
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Inflation may average to 4.5 per cent for this fiscal, according to the Crisil Ratings
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The CPI data, a crucial indicator of economic health, is closely monitored by investors and policymakers alike
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The headline CPI inflation for May 2024 is marginally down to 4.75 per cent from the previous month's 4.83 per cent
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Speaking at the post monetary policy press conference, Governor Das once again used the metaphor of an "elephant" to describe the current state of inflation, noting it has declined slowly.
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Inflation is the hidden enemy that eats into your savings and plays havoc with your financial goals. Here is how to invest smartly and secure your future
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The food inflation is still above the normal limit and continuously posing a challenge to the deflation process of RBI
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