Inflation fell in July as Iran war marches on
Inflation ticked down slightly in July, amid the resumption of strikes between the U.S. and Iran. The consumer price index (CPI) increased 0.1 percent last month, according to data released Wednesday by the Bureau of Labor Statistics (BLS). The annual inflation rate declined to 3.4 percent, down from 3.5 percent in June. Both tallies landed...
India's July inflation accelerated to 4.45% compared to 4.38% in June, as food prices remained high and drove up overall price pressures, according to government data released on Wednesday. The Consumer Price Index (CPI) reading stayed above the Reserve Bank of India's (RBI) medium-term inflation target of 4%. Inflation surpassed the central bank's target in June after remaining low for a long time.
RBI is required to keep headline retail inflation at 4%, allowing it to fluctuate within a range of 2% to 6% for the period from April 1, 2026, to March 31, 2031. A Reuters poll of 40 economists forecasted retail inflation to increase to 4.50% in July from 4.38% in June. July inflation marked the highest level since India started using its revised CPI series with a new base year and updated consumption basket earlier this year.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- India’s July inflation quickens to 4.45% from 4.38% in June, stays above RBI target economictimes.indiatimes.com
- US inflation cooled slightly to 3.4% in July, according to latest data theguardian.com
- US inflation cools slightly to 3.4pc in July news.rthk.hk
- CPI data: Retail inflation moves up to 4.45% in July; above RBI's target for 2nd month timesofindia.indiatimes.com
- Inflation eases in July as gasoline and grocery prices fall npr.org
- US CPI data set to show softer inflation in July as markets reassess Fed rate hike bets fxstreet.com
- CPI report shows inflation eased in July to a 3.4% annual pace cbsnews.com
