Indian inflation peaks on imports
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Indian inflation hits its highest level in more than three years, boosted by increasing energy and food costs.
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which jumped steeply the previous month - increased only modestly, official figures showed yesterday. Inflation
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India's annual wholesale price inflation rate fell to 7.81 percent in the year to Sept. 4 due to lower prices of oilseeds and poultry and a higher base effect, data showed on Friday.
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The Indian economy is likely to be in the grip of inflationary pressures in the coming months even as its growth slows down, according to projections issued by the Reserve Bank of India.
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Wholesale inflation rose last month at the fastest pace in more than 14 years, largely because of steep jumps in energy and food costs, the government reported yesterday, raising concerns
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India slashed customs and excise duties on petroleum products on Wednesday in a bid to control rising inflation without hurting the profitability of oil firms.
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A leading credit ratings agency raised its outlook Monday for India's economy despite rising inflation and insufficient monsoon rains that could slow growth.
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UK inflation accelerates to its highest for almost a decade, increasing the chances of an interest rate rise next year.
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Chinaâs inflation rose to 6.5 percent in August, an 11-year high, and the trade surplus widened by 33 percent to $24.97 billion, the second-highest monthly level on record.
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The British pound struck a fresh 26-year high point on inflation concerns Tuesday while the euro hovered around its record peak against the dollar.
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India&#39;s central bank unexpectedly raised a key interest rate for the first time in four years, saying record oil prices and rising corporate demand for credit threaten to fuel inflation.
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The rise of the Indian rupee against the U.S. dollar is affecting Indian outsourcers.
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The price of goods imported into the  United States in November rose 0.2 percent, slightly more than  expected, a Labor Department report showed on Thursday, as  increases in non-petroleum prices hit a 10-month high.
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Wholesale inflation shot up in 2007 by the largest amount in 26 years even though falling gasoline costs allowed price pressures to moderate in December.
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India sharply raised its full-year growth forecast to 9.2 percent from an estimate of above eight percent at the start of the year on a surge in demand for services and manufactured goods.
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The price of goods imported into the United States in November rose 0.2%, slightly more than expected, a Labor Department report showed on Thursday, as increases in non-petroleum prices hit a 10-month high.
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New Delhi: The Indian government decided on Friday not to increase retail prices of petroleum products despite global crude oil prices reaching record highs, Petroleum and natural Gas Minister Mani Shankar Aiyar said.