Retail inflation hits 15-month high on vegetable prices; food inflation in double digits
Tuesday, 15 August 2023 India's retail inflation climbed at its highest pace in 15 months in July due to a surge in food prices as supply-related issues persisted. According to the National Statistical Office, consumer prices rose to 7.4% YoY in July from June's 4.9%, the highest since April 2022. Food prices crossed double digits at 11.5% from 4.6% in June, with rural inflation surpassing urban at 7.6% and 7.2%, respectively.
In July, retail inflation in India experienced a significant upswing, reaching 7.44%, marking the highest rate since April 2022. This surge contrasts with the preceding four-month period of inflation below the central bank’s 6% tolerance threshold.
Federal Reserve , Likely Not Finished With , 2023 Rate Hikes.
NBC reports that another rate hike by the
Federal Reserve could be coming in September
as the Fed continues to fight..
Credit: Wibbitz Top Stories Duration: 01:31Published
Global Grain Prices Increase , After Russia Targets Ukraine’s Danube Port.
Russia attacked Ukraine's Danube Port
on Aug. 2, Reuters reports.
The strike has caused worldwide
food prices to soar..
Credit: Wibbitz Top Stories Duration: 01:30Published
Taco Bell Sued , Over Amount of Meat and Beans in Food.
Frank Siragusa of New York filed a lawsuit against Taco Bell on July 31 in Brooklyn, 'USA Today' reports. .
Siragusa is seeking class-action..
Credit: Wibbitz Top Stories Duration: 01:31Published
Tuesday, 15 August 2023
![Federal Reserve Likely Not Finished With 2023 Rate Hikes [Video]](https://video.newsserve.net/300/v/20230807/1356301534-Federal-Reserve-Likely-Not-Finished-With-2023-Rate.jpg)
![Global Grain Prices Increase After Russia Targets Ukraine’s Danube Port [Video]](https://video.newsserve.net/300/v/20230802/1356104628-Global-Grain-Prices-Increase-After-Russia-Targets-Ukraine.jpg)
![Taco Bell Sued Over Amount of Meat and Beans in Food [Video]](https://video.newsserve.net/300/v/20230801/1356061918-Taco-Bell-Sued-Over-Amount-of-Meat-and.jpg)
