India's inflation rate over 8 percent
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India's inflation rate rose above eight percent, its highest level in over three and a half years, on the back of an uptick in food and fuel prices, government data showed.
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The rate of inflation rose in August for the fourth successive month as this year&#39;s series of interest rate rises drove up the cost of buying a house.
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Inflation in Germany, the eurozone's biggest economy, picked up to 2.0 percent last month from 1.8 percent in July as a result of high oil prices, official data showed.
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Zimbabwe's inflation rate, already the highest in the world, has soared again by more than 300 points to 1,593 percent in January, according to figures from the central statistics office.
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WASHINGTON - Consumer prices barely budged in August, suggesting that inflation isn't currently a problem for the economy and Federal Reserve policy-makers can stick with a gradual approach to raising interest rates.    The government's closely watched inflation barometer, the Consumer Price Index, rose by just 0.1 percent in August from the previous month, the Labor Department reported Thursday...
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Business News, Mumbai: India&#39;s growth forecast for the current fiscal was Tuesday lowered to 6-6.5 percent by the Reserve Bank of India (RBI), which also unveiled measures to arrest the inflation rate.
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India's economy is set to grow by 9.2% in the current financial year, the Indian government says.
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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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Surging food prices boosted China's annual consumer price inflation in May to a 27-month high, extending a rising trend and reinforcing expectations that interest rates will rise further.
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Inflation in China reached a 27-month high last month, but separate figures for growth in the money supply and loans suggested that the broader economy was not yet overheating.
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Sterling has risen to an eight-day high against the euro after a stronger than expected employment report raised expectations that the Bank of England (BoE) will be forced to raise interest rates to keep a stranglehold on inflation.
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Business News, Mumbai: The Reserve Bank of India announced its busy season credit policy today. While it kept Bank Rate untouched at six percent, inflation forecast was raised from 5 to 6.5 percent.
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The central bank raised its overnight repo rate on Tuesday for the first time in more than four years, citing concerns about a rise in inflation in Asia's fourth-largest economy.
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Inflation rose to 2.5% in August, the latest figures from the Office for National Statistics show.
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India has raised the interest rate for the country's largest pension fund, the Employees Provident Fund  (EPF), to 9.5 percent, Finance Minister Palaniappan Chidambaram said on Wednesday.
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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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WASHINGTON - Consumer prices rose just 0.1 percent in August, a sign that inflation poses no immediate risk to the economy.    The over-the-month-increase in the Consumer Price Index, the government's most closely watched inflation gauge, came after prices dipped by 0.1 percent in July, the Labor Department reported Thursday...