ILEA001004884: India's retail inflation eases to 6.71 pct in July

India's wholesale inflation rises to 1.26 pct in April

STORY: India's wholesale inflation rises to 1.26 pct in April SHOOTING TIME: Recent footage DATELINE: May 16, 2024 LENGTH: 0:01:11 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of the wholesale market 3. various of fuel station STORYLINE: India's wholesale price index (WPI) rose 1.26 percent in April, according to data released Tuesday by the Federal Ministry of Commerce and Industry. "The annual rate of inflation based on all India WPI number is 1.26 percent (provisional) for the month of April 2024 (over April 2023)," read a statement issued by the ministry. "Positive rate of inflation in April 2024 is primarily due to increase in prices of food articles, electricity, crude petroleum and natural gas, manufacture of food products, other manufacturing etc." WPI for the month of March was recorded as 0.53 percent. WPI inflation, an indicator of prices in the wholesale market, rises or falls mainly due to steep increase or decrease in commodity prices globall

India's retail inflation eases to 4.83 pct in April

STORY: India's retail inflation eases to 4.83 pct in April SHOOTING TIME: Recent footage DATELINE: May 14, 2024 LENGTH: 00:01:20 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India Gate 2. various of a market STORYLINE: India's retail inflation eased to 4.83 percent in April, the latest government data showed Monday. The Consumer Price Index (CPI)-based inflation for April stood at 4.83 percent, compared with 4.85 percent recorded in March, according to the data released by the federal ministry of statistics and program implementation (MoSPI). The food inflation rose to 8.70 percent in April from 8.52 percent in March, the data showed. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

Türkiye's annual inflation nears 70 pct in April

STORY: Türkiye's annual inflation nears 70 pct in April SHOOTING TIME: Earlier footage DATELINE: May 4, 2024 LENGTH: 00:01:27 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people shopping in a bazaar in Türkiye (April 20, 2024) (courtesy of ihlas news agency) 2. various of tourists at a hotel in Türkiye (April 5, 2024) 3. various of people at cafes and restaurants in Türkiye (April 29, 2024) 4. various of people at an intercity bus terminal in Türkiye (July 19, 2023) (courtesy of ihlas news agency) STORYLINE: Türkiye's annual inflation rate rose to 69.8 percent in April, the highest in one and a half years, according to official data released on Friday. The annual consumer inflation continued to rise, mainly due to the increase in service prices. According to data released by the Turkish Statistical Institute, the monthly consumer price index increased by 3.18 percent in April. Alcoholic beverages and tobacco saw the highest price increase of 9.56 percent in the month, followed by

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

STORY: U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation ticks up SHOOTING TIME: May 1, 2024 DATELINE: May 2, 2024 LENGTH: 00:01:14 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of Jerome Powell at 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 recent consumer data indicates that inflation continued to tick up. "Inflation has eased over the past year but remains elevated. In recent months, there has been a lack of further progress toward the Committee's 2 percent inflation objective," the Federal Open Market Committee (FOMC), the Fed's policy-setting body, said in a statement released after the Fed's two-day policy meeting. "The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks," the statement read. Beginning in June, the Committee will slow the pace of decline of its securities holdings by reducing the monthly

Australian inflation rate slows to 3.6 pct

STORY: Australian inflation rate slows to 3.6 pct SHOOTING TIME: April 26, 2024 DATELINE: April 28, 2024 LENGTH: 0:02:07 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of a supermarket 2. various of street views in Australia STORYLINE: Australia's annual rate of inflation has fallen to 3.6 percent, according to official figures published by the Australian Bureau of Statistics (ABS) on Wednesday. The figure showed that the consumer price index (CPI) rose by 1.0 percent in the first three months of 2024 and 3.6 percent in the 12 months to the end of March. It marks a fall from a 4.1 percent rise in the CPI in the 12-month period to the end of December 2023. The ABS identified rising costs of education, health, housing, food and non-alcoholic beverages as the most significant drivers of inflation in the first quarter of 2024. Housing prices were 0.7 percent higher at the end of March than at the start of 2024 and 4.9 percent higher than 12 months earlier. Education costs rose 5.

India's retail inflation eases to 4.85 pct in March

STORY: India's retail inflation eases to 4.85 pct in March SHOOTING TIME: April 10, 2024 DATELINE: April 13, 2024 LENGTH: 00:01:20 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India Gate 2. various of market area STORYLINE: India's retail inflation eased to 4.85 percent in March, the latest government data showed Friday. According to the data released by the federal Ministry of Statistics and Program Implementation, the inflation based on the consumer price index (CPI) in March stood at 4.85 percent, compared to 5.09 percent in February. Food inflation has also eased to 8.52 percent in March from 8.66 percent in February, the ministry's data showed. According to officials, the price data are collected from 1,114 selected urban markets and 1,181 villages covering all states through personal visits by field staff of the ministry's National Statistical Office. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

Inflation in Sweden slows down in March

STORY: Inflation in Sweden slows down in March SHOOTING TIME: April 12, 2024 DATELINE: April 13, 2024 LENGTH: 00:01:30 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of Statistics Sweden (SCB) 2. various of supermarkets 3. various of Stockholm's streets STORYLINE: Inflation in Sweden slowed from 4.5 percent in February to 4.1 percent in March, Statistics Sweden (SCB) said on Friday. Mikael Nordin, a statistician at SCB, said that the cost of certain goods had decreased from the same period last year. SCB said that inflation, measured as the Consumer Price Index (CPI), was mainly driven by mortgage costs rising by 39.3 percent for apartment owners. Meanwhile, tenants paid 5 percent higher rents for their apartments than a year earlier. However, increasing housing costs were offset by cheaper diesel and electricity -- down by 17.5 percent and 9.1 percent respectively year-on-year, SCB said. Besides increased lending costs due to the Swedish central bank raising the benchmark interest rate f

India's forex reserves rise to 648.562 bln USD

STORY: India's forex reserves rise to 648.562 bln USD SHOOTING TIME: April 10, 2024 DATELINE: April 13, 2024 LENGTH: 00:01:02 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India Gate 2. various of building of the Reserve Bank of India 3. various of market STORYLINE: India's foreign exchange (forex) reserves further rose by 2.98 billion U.S. dollars to 648.562 billion U.S. dollars in the week ended April 5, according to the weekly statistics issued by the country's central bank the Reserve Bank of India (RBI) on Friday. This was the seventh consecutive week when India's forex reserves moved upwards. The foreign currency assets, a key component of the forex reserves, rose by 549 million U.S. dollars to 571.166 billion U.S. dollars during the cited period, showed the RBI data. Meanwhile, the gold reserves rose by 2.398 billion U.S. dollars to 54.558 billion U.S. dollars. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

U.S. CPI accelerates to 3.5 pct in March amid continued inflation pressure

STORY: U.S. CPI accelerates to 3.5 pct in March amid continued inflation pressure SHOOTING TIME: Recent footage DATELINE: April 11, 2024 LENGTH: 0:01:18 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the U.S. Labor Department 2. various of a grocery store STORYLINE: U.S. consumer inflation in March sped up to 3.5 percent from a year ago, after ticking up to 3.2 percent in February, indicating continued inflation pressure, the U.S. Labor Department reported Wednesday. The Consumer Price Index (CPI) increased 0.4 percent in March on a seasonally adjusted basis, the same increase as in February. The index for shelter rose in March, as did the index for gasoline. Combined, these two indexes contributed over half of the monthly increase in the index for all items. The latest inflation report showed that the so-called core CPI, which excludes food and energy, increased 0.4 percent in March, as it did in January and February, after edging up 0.3 percent in December. Core CPI rose 3

India's central banking institution keeps repo rate unchanged at 6.5 pct for 7th time in row

STORY: India's central banking institution keeps repo rate unchanged at 6.5 pct for 7th time in row SHOOTING TIME: April 5, 2024 DATELINE: April 6, 2024 LENGTH: 00:01:13 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India Gate 2. various of RBI building 3. various of banks 4. various of market area STORYLINE: India's central banking institution, the Reserve Bank of India (RBI), on Friday announced it has kept the repo rate unchanged at 6.5 percent. The repo rate is the rate at which the central bank lends money to commercial banks in the event of a shortfall of funds. This is the seventh time in a row the six-member Monetary Policy Committee (MPC) has decided to keep the key rates unchanged. According to the RBI, these decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 percent within a band of plus or minus 2 percent, while supporting growth. Meanwhile, the real GDP growth for 2024-25 is projected at 7.0 perce

India's retail inflation eases to 6.71 pct in July

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