[ Curry mix spicing up inflation! Spices like jeera, turmeric, chillies, and others are driving up inflation due to reduced crop acreage and pest issues, affecting production. Economists note that spices inflation has consistently been over 22% since July. This surge could contribute about 0.6 percentage points to retail inflation between December and March as … Read more
[ NEW DELHI: In a dazzling resurgence, foreign investors have graced the Indian equity markets with an influx of nearly Rs 1.5 lakh crore in 2023, fuelled by optimism over the country’s resilient economic fundamentals amid shadows of a gloomy global scenario. Experts believe that the positive trend may continue in 2024.This follows Indian equities … Read more
[ BEIJING: China’s industrial output grew 6.6% in November year-on-year, faster than the 4.6% gain in October, and retail sales rose but missed forecasts, adding to signs Beijing’s recent flurry of stimulus is helping stabilise the economy. The data on output released on Friday by the National Bureau of Statistics (NBS) exceeded analysts’ expectations for … Read more
[ The Bank of England has confirmed that interest rates will remain at 5.25 per cent for the third time in a row. Governor Andrew Bailey indicated that cuts are unlikely in the coming months, stressing that there is “still some way to go” before inflation falls. The Bank’s Monetary Policy Committee (MPC) voted in … Read more
[ KUALA LUMPUR: The ringgit ended marginally lower against the greenback on Tuesday ahead of US inflation data for November later tonight, said an analyst. At 6 pm, the ringgit fell to 4.6830/6855 against the US dollar from yesterday’s close of 4.6805/6850. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid noted that the … Read more
[ LONDON: The Bank of England looks set to stick to its tough line against talk of interest rate cuts in Britain, even as other leading central banks signal that they might be approaching a turning point in their fight against inflation. The BoE is forecast to keep borrowing costs at a 15-year high on … Read more
[ Most Americans in a new poll said inflation and high prices have resulted in cutbacks in their holiday shopping this year. The survey from Monmouth University, published Thursday, found 55 percent of respondents said they are cutting back on their holiday shopping lists, an increase from previous years: 46 percent in 2022 and 40 … Read more
[ PETALING JAYA: The government’s intention to review price controls and subsidies in 2024 will affect the outlook for inflation and demand conditions in Malaysia as the country moves from transition and policy setting to implement promised reforms and policies. Socio-Economic Research Centre economist and executive director Lee Heng Guie said inflation is expected to … Read more
