ILEA000941540: India's wholesale inflation rises to 13.11 pct in February

Türkiye's Istanbul receives nearly 7 mln foreign visitors in Jan-May

STORY: Türkiye's Istanbul receives nearly 7 mln foreign visitors in Jan-May SHOOTING TIME: Earlier footage DATELINE: June 27, 2024 LENGTH: 00:01:01 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul 2. various of tourists in Istanbul STORYLINE: Türkiye's Istanbul received nearly 7 million foreign visitors in the first five months of this year, setting a new record for foreign arrivals, according to data released by the Culture and Tourism Ministry on Wednesday. The data showed that the number of foreign visitors to Istanbul increased by 10.31 percent compared to the same period of the previous year. The metropolis welcomed 1.7 million foreign travelers in May alone, marking an 11.48 percent rise from last year and the highest number for the month. In May, the largest number of visitors to Istanbul came from Russia, followed by Germany, the United States, and Iran, according to the data. Meanwhile, in separate data, the ministry reported that from January to May,

Indian govt imposes stock limits on wheat till March 2025

STORY: Indian govt imposes stock limits on wheat till March 2025 SHOOTING TIME: Recent footage DATELINE: June 25, 2024 LENGTH: 00:01:41 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of Indian government buildings 3. various of wheat crop fields 4. various of crop harvesting 5. various of grain markets STORYLINE: Indian government Monday imposed stock limits on the quantity of wheat that retailers and processors can hold. The step has been taken to keep prices in check and prevent hoarding of wheat. "In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government of India has decided to impose stock limits on wheat applicable to traders/wholesaler, retailers, big chain retailers and processors for all states," the federal ministry of consumer affairs, food and public distribution in a statement said. According to the ministry, the limit is 3,000 metric ton (MT) for wholesalers, 10 MT for retailers, 10 MT per

U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation cools

STORY: U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation cools SHOOTING TIME: June 12, 2024 DATELINE: June 13, 2024 LENGTH: 00:01:26 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference STORYLINE: The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as the latest consumer price data shows that inflation seems to be cooling. In a statement after the two-day policy meeting, the Federal Open Market Committee (FOMC), the Fed's policy-setting body, reiterated that the committee does not expect it will be appropriate to reduce the target range "until it has gained greater confidence that inflation is moving sustainably toward 2 percent." In addition, the committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, the FOMC said. The Fed's announcement came just a few hours after the U.S. Labor Department reported that the

India's retail inflation in 12-month low in May

STORY: India's retail inflation in 12-month low in May SHOOTING TIME: File DATELINE: June 13, 2024 LENGTH: 00:01:29 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market area 3. various of food grain STORYLINE: India's retail inflation fell to 4.75 percent in May from 4.83 percent in April, official data showed Wednesday. This was said to be the lowest in the past 12 months. Retail inflation has been under the five-percent mark for three consecutive months starting from March. "Year-on-year inflation rate based on all India Consumer Price Index (CPI) number is 4.75 percent (provisional) for the month of May 2024. Corresponding inflation rate for rural and urban is 5.28 percent and 4.15 percent, respectively," the statistical ministry said. Food inflation was 8.69 percent in May, marginally down from 8.70 percent in April. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

Türkiye's annual inflation exceeds 75 pct in May

STORY: Türkiye's annual inflation exceeds 75 pct in May SHOOTING TIME: June 2-3, 2024/Archives DATELINE: June 4, 2024 LENGTH: 00:01:10 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people shopping in Istanbul, Türkiye (Shooting date: May 17, 2024) (courtesy of ihlas news agency) 2. various of people at a discount cafe in Samsun, Türkiye (Shooting date: June 2, 2024) (courtesy of ihlas news agency) 3. various of people at a fish bazaar in Düzce, Türkiye (Shooting date: June 3, 2024) (courtesy of ihlas news agency) 4. various of people shopping in Safranbolu, Türkiye (Shooting date: June 2, 2024) (courtesy of ihlas news agency) STORYLINE: Türkiye's annual inflation rate rose to 75.45 percent in May, the highest since November 2022, reaching the peak expected by the government and economists, according to official data released on Monday. Consumer prices rose by 3.37 percent in May, compared to an increase of 3.18 percent in April, as per data from the Turkish Statistical Institute. The highe

Turkish consumers' patience wears thin as inflation peaks at 75 pct

STORY: Turkish consumers' patience wears thin as inflation rate peaks at 75 pct SHOOTING TIME: June 3, 2024 DATELINE: June 4, 2024 LENGTH: 00:03:37 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Ankara 2. SOUNDBITE 1 (Turkish): SUAT ENGIN, Pensioner 3. various of Ankara 4. SOUNDBITE 2 (Turkish): NILGUN OZMEN, Pensioner 5. various of Ankara 6. SOUNDBITE 3 (Turkish): SELMA SONGUN, Housewife STORYLINE: With Türkiye's annualized inflation rate exceeding 75 percent in May, Turkish consumers are in desperate need of the relief promised by the government's disinflation efforts. Türkiye's inflation rate rose in May to 75.45 percent, official data revealed on Monday. That's the highest point since November 2022, and a significant jump from April's rate of 69.8 percent. "The worst is over," Treasury and Finance Minister Mehmet Simsek said on X after Monday's data release. The minister sought to reassure the public that relief is in sight. "We saw the highest level of annual inflation, which refl

Tokyo consumer inflation accelerates in May

STORY: Tokyo consumer inflation accelerates in May SHOOTING TIME: recent footage DATELINE: June 3, 2024 LENGTH: 00:00:39 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Core inflation in Tokyo continued to rise in May as utility costs expanded, government data showed. The Tokyo core consumer price index, which excludes volatile fresh food but includes fuel costs, rose 1.9 percent in May from a year earlier, accelerating from a 1.6 percent rise in April, according to the internal affairs ministry. Seen as a leading indicator of nationwide trends in Japan, the Tokyo data released on Friday stood below the Bank of Japan's 2-percent target. The acceleration was largely pushed up by utility costs related to renewable energy promotion, as electricity bills increased for the first time in 16 months by rising 13.1 percent year on year. Meanwhile, prices of food excluding fresh items rose 3.2 percent, unchanged from the previous month. Xinhua News Agency correspondent

India's GDP grows by 8.2 pct

STORY: India's GDP grows by 8.2 pct SHOOTING TIME: June 1, 2024 DATELINE: June 2, 2024 LENGTH: 0:01:32 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market area 3. various of fuel station 4. various of the Reserve Bank of India STORYLINE: India's gross domestic product (GDP) growth during the previous financial year from April 2023 to March 2024 recorded a jump of nearly 1.2 percent from a year earlier, according to data released by the federal Ministry of Statistics and Program Implementation on Friday. The country's GDP grew 8.2 percent for the full year, and 7.8 percent during the last quarter (January-March 2024) of the financial year, it said. According to media reports, the GDP growth was better than what most economists had predicted. The Reserve Bank of India had forecasted a 6.9-percent growth in real GDP for the fourth quarter of the financial year 2023-2024, with a full-year projection of 7.6 percent. Xinhua News Agency correspondents reporting from N

Industrial production costs fall in Italy for 6th consecutive month

STORY: Industrial production costs fall in Italy for 6th consecutive month SHOOTING DATE: May 30, 2024 DATELINE: May 31, 2024 LENGTH: 00:00:49 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of streets in Rome STORYLINE: Industrial producer prices in Italy fell for the sixth consecutive month, the country's statistics entity reported Thursday, due largely to continued decreases in energy costs. The Italian National Institute of Statistics (ISTAT) said that prices for industrial producers fell by 0.9 percent in April compared to the previous month. Costs were 5.9 percent below their levels from a year earlier. The trend represents a marked turn-around from 2022 and early 2023, when the key index rose nearly every month and when year-on-year increases regularly topped 30 percent due to the spike in energy prices. Overall inflation in Italy has fallen dramatically since October 2023. This decline has been broadly in line with the drop in producer prices. Still, the rate of decrease in producer

Nigerian central bank further raises interest rate to over 26 pct

STORY: Nigerian central bank further raises interest rate to over 26 pct SHOOTING TIME: May 22, 2024 DATELINE: May 23, 2024 LENGTH: 00:01:09 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of a busy street in Nigeria 2. various of the central bank building 3. various of press briefing by central bank officials 4. SOUNDBITE (English): YEMI CARDOSO, Governor of the Central Bank of Nigeria STORYLINE: Nigeria's central bank on Tuesday further raised the benchmark interest rate, pushing it by 150 basis points to 26.25 percent, in a move to combat the country's persistent inflation. This latest hike marks a continuation of Nigeria's aggressive monetary tightening strategy aimed at stabilizing the economy. It is the third consecutive one this year, since February, to raise the baseline interest rate known as the monetary policy rate. Yemi Cardoso, governor of the Central Bank of Nigeria, who chairs the Monetary Policy Committee, told the media at the end of a meeting in the capital of Abuja that th

India's wholesale inflation rises to 13.11 pct in February

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