Retail Inflation May Exceed Top Of RBI Band Until December: Shaktikanta Das

RBI Governor Shaktikanta Das Das also said India’s economy is stable. Mumbai: India’s central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Shaktikanta Das said in an article in the Times of India on … Read moreRetail Inflation May Exceed Top Of RBI Band Until December: Shaktikanta Das

UK retail sales slip in May as consumer confidence falls to lowest on record

According to figures released by the Office for National Statistics, the fall in sales volumes in May was because of food stores, which declined by 1.6%. Rising food prices and the cost-of-living seems to be linked with the reduced spending in food stores, the ONS said.   Shoppers began cutting back on food spending as the … Read moreUK retail sales slip in May as consumer confidence falls to lowest on record

Retail sales topped $60B in April, as inflation didn’t deter consumers from shopping

Sales at Canadian retailers grew by 0.9 per cent to $60.7 billion in April, an encouraging sign that consumers are still willing to open their wallets in the face of higher prices. Statistics Canada reported Tuesday that sales at general merchandise stores led the way with 4.2 per cent growth during the month. Sales at miscellaneous … Read moreRetail sales topped $60B in April, as inflation didn’t deter consumers from shopping

Retail inflation for farm, rural workers rises to 6.67 per cent and 7 per cent in May 2022- The New Indian Express

By PTI NEW DELHI: Retail inflation for farm and rural labourers increased to 6.67 per cent and 7 per cent, respectively in May, mainly due to higher prices of certain food items. “Point-to-point rate of inflation based on the CPI-AL (Consumer Price Index-Agricultural Labourers and CPI-RL (Rural Labourers) stood at 6.67 per cent and 7 … Read moreRetail inflation for farm, rural workers rises to 6.67 per cent and 7 per cent in May 2022- The New Indian Express

Online Grocery Prices Continue To Soar, As Overall Ecommerce Inflation Slows

Young man unpacking boxes of food at home getty Online prices for groceries were up by a record amount, on an annual comparison, in May, while prices in other categories declined, as Americans curbed discretionary spending due to inflation, according to data from Adobe ADBE Analytics released today. Grocery prices were up 11.7% year-over-year in … Read moreOnline Grocery Prices Continue To Soar, As Overall Ecommerce Inflation Slows

RBI hikes retail inflation forecast to 6.7% for FY23

India’s inflation is likely to hover around 6.7% for the current financial year, governor Shaktikanta Das said Wednesday, raising the price rise forecast from 5.7% seen earlier. The surge in headline inflation was seen across all major categories, Shaktikanta Das said. The monetary policy committee has raised repo rate by 50 basis points to 4.90%, … Read moreRBI hikes retail inflation forecast to 6.7% for FY23

Auto retail sales far from growth trends; FADA sceptical about any immediate recovery, Auto News, ET Auto

Representative Image New Delhi: Passenger vehicle registrations saw year-on-year growth to 2,63,152 units in May 2022, owing to healthy demand and single digit cancellations due to waiting periods, says the data shared by Federation of Automobile Dealers Associations (FADA) based on VAHAN. Retail sales of two wheelers also increased to 12,22,994 units in May this … Read moreAuto retail sales far from growth trends; FADA sceptical about any immediate recovery, Auto News, ET Auto

Soaring Wholesale Prices Likely To Pressure Retail Inflation: RBI

High WPI may put pressure on retail inflation: RBI Mumbai: Sounding a note of caution, the Reserve Bank said on Friday said there is a risk of high wholesale price inflation (WPI) putting pressure on the retail inflation, albeit with a lag. In its annual report, the RBI said that the cost-push pressures from high … Read moreSoaring Wholesale Prices Likely To Pressure Retail Inflation: RBI

Nepal raises retail fuel price, stoking inflation fears

State monopoly Nepal Oil Corporation (NOC) said in a statement that the price for one litre of petrol was raised 5.8% to 180 Nepali rupees ($1.45) from 170 rupees a week earlier. The price for a 15.4 kg cylinder of cooking gas was increased 12.5% to 1,800 Nepali rupees from 1,600 rupees earlier, it said. … Read moreNepal raises retail fuel price, stoking inflation fears

UK retail sales jump by 1.4% despite high inflation

The monthly rise was largely driven by a 2.8% rise in food store sales, mostly due to higher spending on alcohol and tobacco in supermarkets, according to data from the Office for National Statistics published on Friday. Despite this, the picture remains bleak. When compared to the last quarter, sales volumes fell by 0.3%, which … Read moreUK retail sales jump by 1.4% despite high inflation

Labour Ministry announces Retail inflation for farm, rural workers rises upto 6.67pc

Retail inflation for agricultural and rural labourers increased modestly to 6.44 % and 6.67 % in April 2022, according to the Ministry of Labour and Employment. For the month of April, the All-India Consumer Price Index (CPI) for agricultural and rural labourers climbed by 10 points each, to 1108 and 1119 points, respectively. “In April 2022, … Read moreLabour Ministry announces Retail inflation for farm, rural workers rises upto 6.67pc

BoE economist sees interest rates rising higher; retail sales bounce despite inflation – as it happened | Business

Bank of England’s Pill: Inflation is our biggest challenge in 25 years The Bank of England’s chief economist has admitted that the central bank faces its toughest challenge since independence in 1997, and signalled that interest rates need to rise further. Speaking in Cardiff this morning, Huw Pill said that inflation’s surge to a 40-year … Read moreBoE economist sees interest rates rising higher; retail sales bounce despite inflation – as it happened | Business

US retail sales up 0.9% in April amid high inflation

BONDING OVER SHOPPING This March 29, 2022 file photo shows a shopper pushing a child in a cart while browsing big-screen television sets on display in the electronics section of a Costco warehouse in Lone Tree, Colorado. AP PHOTO Read this in The Manila Times digital edition. WASHINGTON, D.C.: Retail sales in the United States … Read moreUS retail sales up 0.9% in April amid high inflation

Hong Kong’s first retail green bond drops in trading debut, in a lacklustre start for backers of environmentally sustainable investment

Hong Kong’s first retail green bond drops in trading debut, in a lacklustre start for backers of environmentally sustainable investment Source link

U.S. retail sales show consumer standing firm in face of inflation

U.S. retail sales show consumer standing firm in face of inflation By Olivia Rockeman Bloomberg News • May 18, 2022 1:30 am U.S. retail sales grew at a solid pace in April, reflecting broad-based gains and suggesting demand for merchandise remains resilient despite rampant inflation. The value of overall retail purchases increased 0.9 percent, … Read moreU.S. retail sales show consumer standing firm in face of inflation

World’s richest family loses $US16.5 billion in Walmart wipeout as inflation hits profits

Those disposals have helped the Waltons accumulate significant wealth outside their Walmart stake. An investment firm for the family invests mostly in low-cost exchange-traded funds and held about $US5.1 billion in US stocks and ETFs at the end of the first quarter. That has armed them with ample funds for acquisitions. Rob Walton is said … Read moreWorld’s richest family loses $US16.5 billion in Walmart wipeout as inflation hits profits

Retail spending rising, despite inflation

(KRON) – On today’s Winners & Losers, financial expert Rob Black discusses the recent rise in stocks and retail spending, and Elon Musk hinting he might scrap his deal to buy Twitter. Winner: Stocks rise as investors see bargains Stocks were higher as the market tried to bounce from a punishing bear market for the … Read moreRetail spending rising, despite inflation

US retail sales rise 0.9% in April in face of sky-high inflation | Retail News

The increase in retail sales was driven by greater sales of cars, electronics, and at restaurants, the US Department of Commerce. United States retail sales rose 0.9 percent in April, a solid increase that underscores Americans’ ability to keep ramping up spending even as inflation persists at nearly a 40-year high. The increase was driven by … Read moreUS retail sales rise 0.9% in April in face of sky-high inflation | Retail News

Retail sales jump as prices soar at fastest pace in 40 years

Consumers continued to spend in April, with retail sales jumping 0.9% from the prior month, according to government data released on Tuesday. Why it matters: Shoppers aren’t pulling back on spending even as prices soar at the fastest pace in 40 years. This is a good sign for the American economy amid fears of a … Read moreRetail sales jump as prices soar at fastest pace in 40 years

How does Modi govt’s ban on wheat exports help fight retail inflation?

India on Saturday prohibited wheat exports with immediate effect a day after its data showed annual consumer price inflation hitting a near eight-year-high of 7.79 per cent in April and retail food inflation surging even higher to 8.38 per cent. Food security: Citing the threat to food security, the government has “prohibited” the export of … Read moreHow does Modi govt’s ban on wheat exports help fight retail inflation?