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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)

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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)

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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)

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Retail inflation eases to 5.09 pct in India in February

STORY: Retail inflation eases to 5.09 pct in India in February SHOOTING TIME: March 12, 2024 DATELINE: March 14, 2024 LENGTH: 00:01:26 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market area 3. various of chicken shop 4. various of vegetable market 5. various of India STORYLINE: Retail inflation slightly eased in India in February to 5.09 percent from 5.10 percent in the previous month, according to the latest official data. Retail inflation stood at 6.44 percent in February 2023. The data were collected from selected 1,114 urban markets and 1,181 villages across the country. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

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A IKEA Store in Chongqing

CHONGQING, CHINA - MARCH 13, 2024 - A view of the IKEA store in Chongqing, China, March 13, 2024. Swedish home improvement retail giant IKEA is cutting prices in several countries as global inflation slows. Tolga Oncu, head of retail at Inkga Group, the largest operator of IKEA stores, said it would further expand its price cuts in all markets around the world in 2024.

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A IKEA Store in Chongqing

CHONGQING, CHINA - MARCH 13, 2024 - A view of the IKEA store in Chongqing, China, March 13, 2024. Swedish home improvement retail giant IKEA is cutting prices in several countries as global inflation slows. Tolga Oncu, head of retail at Inkga Group, the largest operator of IKEA stores, said it would further expand its price cuts in all markets around the world in 2024.

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A IKEA Store in Chongqing

CHONGQING, CHINA - MARCH 13, 2024 - A view of the IKEA store in Chongqing, China, March 13, 2024. Swedish home improvement retail giant IKEA is cutting prices in several countries as global inflation slows. Tolga Oncu, head of retail at Inkga Group, the largest operator of IKEA stores, said it would further expand its price cuts in all markets around the world in 2024.

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A IKEA Store in Chongqing

CHONGQING, CHINA - MARCH 13, 2024 - A view of the IKEA store in Chongqing, China, March 13, 2024. Swedish home improvement retail giant IKEA is cutting prices in several countries as global inflation slows. Tolga Oncu, head of retail at Inkga Group, the largest operator of IKEA stores, said it would further expand its price cuts in all markets around the world in 2024.

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A IKEA Store in Chongqing

CHONGQING, CHINA - MARCH 13, 2024 - A view of the IKEA store in Chongqing, China, March 13, 2024. Swedish home improvement retail giant IKEA is cutting prices in several countries as global inflation slows. Tolga Oncu, head of retail at Inkga Group, the largest operator of IKEA stores, said it would further expand its price cuts in all markets around the world in 2024.

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A IKEA Store in Chongqing

CHONGQING, CHINA - MARCH 13, 2024 - A view of the IKEA store in Chongqing, China, March 13, 2024. Swedish home improvement retail giant IKEA is cutting prices in several countries as global inflation slows. Tolga Oncu, head of retail at Inkga Group, the largest operator of IKEA stores, said it would further expand its price cuts in all markets around the world in 2024.

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A IKEA Store in Chongqing

CHONGQING, CHINA - MARCH 13, 2024 - A view of the IKEA store in Chongqing, China, March 13, 2024. Swedish home improvement retail giant IKEA is cutting prices in several countries as global inflation slows. Tolga Oncu, head of retail at Inkga Group, the largest operator of IKEA stores, said it would further expand its price cuts in all markets around the world in 2024.

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A IKEA Store in Chongqing

CHONGQING, CHINA - MARCH 13, 2024 - A view of the IKEA store in Chongqing, China, March 13, 2024. Swedish home improvement retail giant IKEA is cutting prices in several countries as global inflation slows. Tolga Oncu, head of retail at Inkga Group, the largest operator of IKEA stores, said it would further expand its price cuts in all markets around the world in 2024.

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A IKEA Store in Chongqing

CHONGQING, CHINA - MARCH 13, 2024 - A view of the IKEA store in Chongqing, China, March 13, 2024. Swedish home improvement retail giant IKEA is cutting prices in several countries as global inflation slows. Tolga Oncu, head of retail at Inkga Group, the largest operator of IKEA stores, said it would further expand its price cuts in all markets around the world in 2024.

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A IKEA Store in Chongqing

CHONGQING, CHINA - MARCH 13, 2024 - A view of the IKEA store in Chongqing, China, March 13, 2024. Swedish home improvement retail giant IKEA is cutting prices in several countries as global inflation slows. Tolga Oncu, head of retail at Inkga Group, the largest operator of IKEA stores, said it would further expand its price cuts in all markets around the world in 2024.

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A IKEA Store in Chongqing

CHONGQING, CHINA - MARCH 13, 2024 - A view of the IKEA store in Chongqing, China, March 13, 2024. Swedish home improvement retail giant IKEA is cutting prices in several countries as global inflation slows. Tolga Oncu, head of retail at Inkga Group, the largest operator of IKEA stores, said it would further expand its price cuts in all markets around the world in 2024.

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A IKEA Store in Chongqing

CHONGQING, CHINA - MARCH 13, 2024 - A view of the IKEA store in Chongqing, China, March 13, 2024. Swedish home improvement retail giant IKEA is cutting prices in several countries as global inflation slows. Tolga Oncu, head of retail at Inkga Group, the largest operator of IKEA stores, said it would further expand its price cuts in all markets around the world in 2024.

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Indian retail inflation eases to 5.1 pct in January

STORY: Indian retail inflation eases to 5.1 pct in January SHOOTING TIME: Feb. 5, 2024 DATELINE: Feb. 13, 2024 LENGTH: 0:01:20 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of Indian gate 2. various of market area STORYLINE: Retail inflation in India eased to 5.10 percent during January 2024, from 5.69 percent in December 2023, the federal government on Monday said. The retail inflation in January 2023 stood at 6.52 percent. The retail price data were collected from selected 1,114 urban markets and 1,181 villages across the country through personal visits by government officials on a weekly roster. The fall in retail inflation in the country was attributed to a decline in food prices. Food inflation in January stood at 8.30 percent, compared to 9.53 percent registered in December 2023. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

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India's retail inflation rises to 5.69 pct in December

STORY: India's retail inflation rises to 5.69 pct in December SHOOTING TIME: Jan. 10, 2024 DATELINE: Jan. 14, 2024 LENGTH: 00:01:06 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India Gate 2. various of the wholesale market area STORYLINE: India's retail inflation rose to 5.69 percent in December 2023, the latest government data showed Friday. According to the data released by the federal ministry of statistics and programme implementation (MoSPI), the inflation based on Consumer Price Index (CPI) in December 2023 is 5.69 percent. In November 2023, CPI was 5.55 percent. The rise in retail inflation in December is mainly attributed to a rise in prices of some food articles. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

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Istanbul's 2023 annual inflation nears 75 percent

STORY: Istanbul's 2023 annual inflation nears 75 percent SHOOTING TIME: file footage DATELINE: Jan. 3, 2024 LENGTH: 00:01:03 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of people walking in the city center in Istanbul, Türkiye 3. various of people shopping in supermarket in Istanbul, Türkiye STORYLINE: The annual inflation for retail prices in Türkiye's largest city, Istanbul, reached 74.88 percent year-on-year in 2023, the Istanbul Chamber of Commerce (ITO) reported Tuesday. Data from ITO, one of the world's largest chambers with over 700,000 members, showed that monthly inflation for retail prices in the city of nearly 16 million people increased by 3.52 percent in December. The highest price increases in December were reported for "health and personal care," followed by "culture, education and entertainment" and food products, with 5.15, 5.10, and 4.90 percent hikes respectively. In line with the newly announced data, shops in Kur

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India's retail inflation rises to 5.55 pct in November

STORY: India's retail inflation rises to 5.55 pct in November SHOOTING TIME: Dec. 10, 2023 DATELINE: Dec. 14, 2023 LENGTH: 00:01:24 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of wholesale market 3. various of food items 4. various of retail shop STORYLINE: India's retail inflation rose to 5.55 percent in November, the latest government data showed. According to data released on Tuesday by the federal ministry of statistics and program implementation (MoSPI), inflation based on Consumer Price Index (CPI) in November was 5.55 percent. In October the figure was 4.87 percent. The food inflation rose to 8.70 percent in November from 6.61 percent in October, the data showed. According to officials, the data are collected from selected 1,114 urban markets and 1,181 villages covering all states through personal visits by field staff of field operations division of the National Statistical Office (NSO), MoSPI on a weekly roster. In November, the NSO collected

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India's retail inflation eases to 4.87 pct in October

STORY: India's retail inflation eases to 4.87 pct in October SHOOTING TIME: Nov. 8, 2023 DATELINE: Nov. 15, 2023 LENGTH: 00:01:14 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of markets STORYLINE: India's retail inflation eased to 4.87 percent in October, the latest government data showed Monday. According to the data released by the federal ministry of statistics and program implementation (MoSPI), the inflation based on the Consumer Price Index (CPI) in October is 4.87 percent. In September, the CPI was 5.02 percent. The food inflation has also eased to 6.61 percent in October from 6.62 percent in September, the data showed. According to officials, the price data are collected from selected 1,114 urban markets and 1,181 villages covering all states. "During the month of October 2023, NSO (the National Statistical Office) collected prices from 99.8 percent villages and 98.6 percent urban markets while the market-wise prices reported therein were 89.0 percent for

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India's retail inflation eases to 5.02 pct in Sept.

STORY: India's retail inflation eases to 5.02 pct in Sept. DATELINE: Oct. 14, 2023 LENGTH: 00:00:59 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market in India STORYLINE: India's retail inflation eased to 5.02 percent in September, the latest government data showed Thursday. According to the data released by the Federal Ministry of Statistics and Programme Implementation, the inflation based on the Consumer Price Index in September was 5.02 percent compared with 6.83 percent in August. The food inflation has also eased to 6.56 percent in September from 9.94 percent in August, the data showed. The ease in retail inflation in September is mainly attributed to a sharp decline in select food items, including vegetable prices and edible oils. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

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India's central bank keeps repo rate unchanged at 6.5 pct

STORY: India's central bank keeps repo rate unchanged at 6.5 pct DATELINE: Oct. 8, 2023 LENGTH: 00:01:44 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of Reserve Bank of India (RBI) 3. various of markets STORYLINE: India's central bank, the Reserve Bank of India (RBI), on Friday kept the key policy repo rate unchanged at 6.5 percent. This was the fourth time when the RBI kept the repo rate steady. Addressing media persons in financial capital Mumbai, RBI Governor Shaktikanta Das said, "After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, RBI's Monetary Policy Committee (MPC) decided unanimously to keep the Policy Repo Rate unchanged at 6.5 percent." The announcement came after the RBI's six-member MPC held a meeting on Oct. 4-6. The RBI governor stated that the retail inflation was projected at 5.4 percent for the financial year 2023-24 through next March. "Headline inflation had surged in July driven by tomatoes an

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India's retail inflation falls to 6.83 pct in August

STORY: India's retail inflation falls to 6.83 pct in August DATELINE: Sept. 13, 2023 LENGTH: 00:01:13 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of vegetables in markets STORYLINE: The retail inflation in India fell to 6.83 percent in August from 7.44 percent in July, official data showed on Tuesday. The fall was attributed to the reduction in prices of vegetables, particularly tomatoes in August, compared to the previous month. The retail inflation of 7.44 percent in July was the highest in the past 15 months. The price data were collected from selected 1,114 urban markets and 1,181 villages through personal visits by field staff of the Field Operations Division of the National Statistical Office (NSO) on a weekly roster. The retail inflation still remains above the tolerance limit of 2-6 percent of the South Asian country's central bank. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

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India's retail inflation rises to 7.44 pct in July

STORY: India's retail inflation rises to 7.44 pct in July DATELINE: Aug. 15, 2023 LENGTH: 00:01:30 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India Gate 2. various of the vegetable market STORYLINE: India's retail inflation rose to 7.44 percent in July, the government data showed Monday. According to the data released by the Ministry of Statistics and Program Implementation (MoSPI), the inflation based on Consumer Price Index (CPI) in July was 7.44 percent. In June, the figure stood at 4.87 percent. The food inflation increased to 11.51 percent in July from 4.55 percent in June, the data showed. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

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IMF urges India to lift rice export ban

STORY: IMF urges India to lift rice export ban DATELINE: July 27, 2023 LENGTH: 00:01:21 LOCATION: New Delhi CATEGORY: ECONOMY/MARKET SHOTLIST: 1. various of India gate 2. various of rice field 3. various of rice wholesale market 4. various of rice 5. various of export containers STORYLINE: The International Monetary Fund (IMF) has encouraged India to remove restrictions on the export of a certain category of rice, saying it would have an impact on global inflation. The Indian government on July 20 banned the export of non-Basmati white rice to boost domestic supply and keep retail prices under check. Such restrictions are likely to exacerbate volatility in food prices in the rest of the world and lead to retaliatory measures, which can be harmful globally, Pierre-Olivier Gourinchas, IMF's Chief Economist and Director of the Research Department, told a press conference after the release of the World Economic Outlook on Tuesday. The IMF also projected India's gross domestic product (GDP) growth rate to be

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INDIA-ASSAM-GUWAHATI-TOMATOES

(230714) -- GUWAHATI, July 14, 2023 (Xinhua) -- A vendor sells tomatoes and other vegetables at a market in Guwahati city of India's northeastern state of Assam, July 13, 2023. India's retail inflation rose to 4.81 percent in June, according to the latest government data on Wednesday. (Str/Xinhua)

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INDIA-ASSAM-GUWAHATI-TOMATOES

(230714) -- GUWAHATI, July 14, 2023 (Xinhua) -- A vendor sells tomatoes and other vegetables at a market in Guwahati city of India's northeastern state of Assam, July 13, 2023. India's retail inflation rose to 4.81 percent in June, according to the latest government data on Wednesday. (Str/Xinhua)

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India's retail inflation surged to 4.81 percent in June

STORY: India's retail inflation surged to 4.81 percent in June DATELINE: July 13, 2023 LENGTH: 00:01:33 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of wholesale market 3. various of food grains 4. various of grocery supermarket STORYLINE: India's retail inflation rose to 4.81 percent in June, the latest government data showed Wednesday. According to the data released by the country's Ministry of Statistics and Programme Implementation (MoSPI), the inflation based on the consumer price index (CPI) in June stood at 4.81 percent. The food inflation increased to 4.49 percent in June from 2.96 percent in May, the data showed. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

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India's retail inflation falls to 4.25 pct in May

STORY: India's retail inflation falls to 4.25 pct in May DATELINE: June 13, 2023 LENGTH: 00:01:30 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of New Delhi 2. various of markets STORYLINE: India's retail inflation rate in May decreased to 4.25 percent, the third consecutive month below the Reserve Bank of India's upper tolerance limit of 6 percent, official data showed on Monday. Food inflation moderated to 2.91 percent, but cereals, pulses, milk, and spices remained areas of concern. Urban consumers faced slightly higher inflation than rural counterparts at 4.27 percent and 4.17 percent respectively. However, food inflation was lower in urban areas, easing significantly to 2.43 percent from April's 3.7 percent. Vegetable and edible oil prices contributed the most to the cooling inflation pace. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

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India's retail inflation drops to 18-month low in April

STORY: India's retail inflation drops to 18-month low in April DATELINE: May 13, 2023 LENGTH: 00:01:39 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. Shots of India gate 2. Shots of wholesale market 3. Shots of food items 4. Shots of retail shops 5. Shots of traffic STORYLINE: India's retail inflation in April was recorded at 4.7 percent, the lowest in the past 18 months, official data showed on Friday. Retail inflation dropped from 5.66 percent in March, and 6.44 percent in February. The data was collected from selected 1,114 urban markets and 1,181 villages covering all states through personal visits by field staff of the field operations division of the National Statistical Office. The office collected prices from 99.83 percent villages and 98.56 percent urban markets. Retail inflation in rural areas was recorded at 4.68 percent last month, while in urban areas it stood at 4.85 percent. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

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India's retail inflation eases to 15-month low in March

STORY: India's retail inflation eases to 15-month low in March DATELINE: April 13, 2023 LENGTH: 00:01:31 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of food grain wholesale market 3. various of food grains 4. various of vegetable market 5. various of roads STORYLINE: India's retail inflation eased to a 15-month low at 5.66 percent in March, data released by the Ministry of Statistics and Program Implementation (MoSPI) showed on Monday. "The inflation based on Consumer Price Index (CPI) in March 2023 was 5.66 percent," the government data said. "It was 6.44 percent in February." The food inflation also eased to 4.79 percent in March, as against 5.95 percent in February and 7.68 percent in the year-ago period, the data showed. The fall in the rate of retail inflation is attributed mainly to a decline in the rate of rise in prices of essential commodities like vegetables, meat, fish, and oil, among others. Data from MoSPI showed that inflation eased to 5.51 percent

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Philippines to post robust growth despite inflation pressures: ADB

STORY: Philippines to post robust growth despite inflation pressures: ADB DATELINE: April 4, 2023 LENGTH: 00:02:20 LOCATION: Manila CATEGORY: ECONOMY SHOTLIST: 1. various of ADB headquarters 2. various of street views of Manila STORYLINE: Philippine economic growth is expected to remain in a healthy expansion mode this year from 2022's forecast-beating outturn, underpinned by rising domestic demand and a recovery in services, particularly tourism, according to a new Asian Development Bank (ADB) report released on Tuesday. Asian Development Outlook (ADO) April 2023, the ADB's flagship economic publication, expects the Philippine economy to grow by 6.0 percent this year, climbing further by 6.2 percent in 2024. The report says a recovery in employment and retail trade, sustained expansion in the manufacturing sector, and rising public infrastructure spending will support growth. However, it warns that risks from a sharper-than-expected slowdown in major advanced economies, heightened geopolitical

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UK shop price inflation hits new high: BRC

STORY: UK shop price inflation hits new high: BRC DATELINE: March 29, 2023 LENGTH: 00:04:13 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of England 2. various of a supermarket in London 3. various of a market in London STORYLINE: Prices in shops across the United Kingdom (UK) rose at a record pace in March, especially food prices, said the British Retail Consortium (BRC) on Tuesday. According to the BRC, prices have yet to peak. Shop price annual inflation accelerated to a record 8.9 percent in March, the BRC said. This was up from 8.4 percent in February. Meanwhile, food price inflation soared to 15 percent in March, up from 14.5 percent in February. This is also the highest inflation rate on record in the food category, said the BRC. Helen Dickinson, BRC's Chief Executive, warned that although food prices will likely ease in the coming months as the country enters the growing season, "wider inflation is expected to remain high." The ongoing cost-of-living crisis has also changed t

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Wholesale inflation falls to 3.85 percent in India

STORY: Wholesale inflation falls to 3.85 percent in India DATELINE: March 15, 2023 LENGTH: 00:01:31 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of New Delhi's fuel station, wholesale market and electronic market STORYLINE: The rate of wholesale inflation fell to 3.85 percent in February from 4.73 percent in January, according to the data released by the federal Ministry of Commerce and Industry on Tuesday. The fall in the rate of wholesale inflation was primarily attributed to the fall in prices of crude petroleum and natural gas, non-food articles, food products, minerals, computer, electronic and optical products, chemicals and chemical products, electrical equipment and motor vehicles, trailers and semi-trailers. The rate is said to be the lowest in nearly two years even as it stood at 2.51 percent in January 2021. On Monday the federal Ministry of Statistics and Programme Implementation released the official data showing that the rate of retail inflat

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Retail inflation eases to 6.44 pct in India

STORY: Retail inflation eases to 6.44 pct in India DATELINE: March 14, 2023 LENGTH: 00:01:28 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market area 3. various of food wholesale market STORYLINE: The rate of retail inflation in India slightly eased to 6.44 percent in February from 6.52 percent in January, showed the official data released by the Federal Ministry of Statistics and Program Implementation on Monday. The slight fall in the rate of retail inflation is attributed mainly to a decline in the rate of rise in prices of essential commodities like clothing, footwear and eggs, among others. "Growth in eggs prices eased to 4.32 percent in February against 8.78 percent in the previous month. Clothing and footwear inflation was at 8.79 percent, compared with 9.08 percent a month ago," said the data. It further added that cereal prices rose 16.73 percent in February, against a 16.12 percent rise in January. And, the rate of inflation in milk and milk p

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U.S.-ARLINGTON-ECONOMY-RETAIL SALES

(230119) -- ARLINGTON, Jan. 19, 2023 (Xinhua) -- A woman walks past a convenience store in Arlington, Virginia, the United States, Jan. 18, 2023. U.S. retail sales in December fell to their lowest level in a year, weighed down by decreasing auto sales and many other products. U.S. retail sales softened 1.1 percent in December amid ongoing high inflation, according to data published Wednesday by the Commerce Department. December's decline was the largest month-on-month drop since December 2021. (Xinhua/Liu Jie)

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U.S.-ARLINGTON-ECONOMY-RETAIL SALES

(230119) -- ARLINGTON, Jan. 19, 2023 (Xinhua) -- A woman walks past a retail store in Arlington, Virginia, the United States, Jan. 18, 2023. U.S. retail sales in December fell to their lowest level in a year, weighed down by decreasing auto sales and many other products. U.S. retail sales softened 1.1 percent in December amid ongoing high inflation, according to data published Wednesday by the Commerce Department. December's decline was the largest month-on-month drop since December 2021. (Xinhua/Liu Jie)

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U.S.-ARLINGTON-ECONOMY-RETAIL SALES

(230119) -- ARLINGTON, Jan. 19, 2023 (Xinhua) -- A woman fuels a car at a gas station in Arlington, Virginia, the United States, Jan. 18, 2023. U.S. retail sales in December fell to their lowest level in a year, weighed down by decreasing auto sales and many other products. U.S. retail sales softened 1.1 percent in December amid ongoing high inflation, according to data published Wednesday by the Commerce Department. December's decline was the largest month-on-month drop since December 2021. (Xinhua/Liu Jie)

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U.S.-ARLINGTON-ECONOMY-RETAIL SALES

(230119) -- ARLINGTON, Jan. 19, 2023 (Xinhua) -- A restaurant is seen in Arlington, Virginia, the United States, Jan. 18, 2023. U.S. retail sales in December fell to their lowest level in a year, weighed down by decreasing auto sales and many other products. U.S. retail sales softened 1.1 percent in December amid ongoing high inflation, according to data published Wednesday by the Commerce Department. December's decline was the largest month-on-month drop since December 2021. (Xinhua/Liu Jie)

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U.S.-ARLINGTON-ECONOMY-RETAIL SALES

(230119) -- ARLINGTON, Jan. 19, 2023 (Xinhua) -- Gas prices are displayed at a gas station in Arlington, Virginia, the United States, Jan. 18, 2023. U.S. retail sales in December fell to their lowest level in a year, weighed down by decreasing auto sales and many other products. U.S. retail sales softened 1.1 percent in December amid ongoing high inflation, according to data published Wednesday by the Commerce Department. December's decline was the largest month-on-month drop since December 2021. (Xinhua/Liu Jie)

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U.S.-ARLINGTON-ECONOMY-RETAIL SALES

(230119) -- ARLINGTON, Jan. 19, 2023 (Xinhua) -- People work out at a gym in Arlington, Virginia, the United States, Jan. 18, 2023. U.S. retail sales in December fell to their lowest level in a year, weighed down by decreasing auto sales and many other products. U.S. retail sales softened 1.1 percent in December amid ongoing high inflation, according to data published Wednesday by the Commerce Department. December's decline was the largest month-on-month drop since December 2021. (Xinhua/Liu Jie)

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Turkish retailers agree to reduce prices to curb inflation

STORY: Turkish retailers agree to reduce prices to curb inflation DATELINE: Jan. 7, 2023 LENGTH: 00:01:07 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Istanbul 2. various of shops in Istanbul STORYLINE: Major retailers in Türkiye have agreed to freeze the price of some consumer goods to curb inflation after a series of talks with the government. Yavuz Altun, chairman of the Retail Committee of the Istanbul Chamber of Commerce and CEO of Happy Center supermarkets, announced that "retail prices will drop in parallel with the decline in inflation." In a written statement released Wednesday, Altun said he had met with persons in charge from other supermarket chains, and all had confirmed they would not be raising prices. Other supermarkets publicly announcing price reductions are Sok, Migros, and Carrefour, which have agreed to fix prices for January and even offer discounts on various items. Turkish households have been battling with high energy, food, and housing c

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UK retail sales fall, consumer confidence nears record low

STORY: UK retail sales fall, consumer confidence nears record low DATELINE: Oct. 25, 2022 LENGTH: 00:01:01 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1. STANDUP (English): ZHAO XIUZHI, Xinhua correspondent 2. various of UK STORYLINE: STANDUP (English): ZHAO XIUZHI, Xinhua correspondent "Retail sales have been falling, and consumer confidence has hit record low levels in the United Kingdom (UK), due to the country's persistently high inflation rate. Data showed retail sales continued to fall in September after a weak August, and consumers are now buying less than before the pandemic. The volume of retail sales fell in all the main sectors by 1.4 percent in September. Continued price pressures have made British consumers to be more conscious about spending. And also, the market research company GfK has said, its consumer confidence index for the UK in October stood at minus 47. The biggest danger by far is inflation. Pushed up by rising food prices, UK inflation hit 10.1 percent in September, returnin

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Türkiye sees record-high new iPhone prices

STORY: Türkiye sees record-high new iPhone prices DATELINE: Oct. 15, 2022 LENGTH: 0:02:57 LOCATION: Ankara CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of people on the streets, at cafe and restaurants with their phones in Türkiye 2. SOUNDBITE 1 (Turkish): EMRE TEKIN, Smartphone shop clerk 3. SOUNDBITE 2 (Turkish): HARUN EMRAH ZULAL, Parking lot worker 4. SOUNDBITE 3 (Turkish): YIGIT MERT DOGAN, Software Engineer STORYLINE: Suffering from galloping inflation and a depreciating currency, Türkiye is witnessing one of the highest-ever retail prices for new Apple iPhone 14 smartphones. The annual inflation reached 83.45 percent in September, and consumer prices rose by 3.08 percent month-on-month, further hitting Turks who already struggle with high energy, food and housing costs, shows data released by the Turkish Statistical Institute. The high iPhone prices is also due to the high taxes imposed by the country on smartphones and other technological devices. SOUNDBITE 1 (Turkish): EMRE TEKIN, Smartphone

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Inflation slows in Sept. in France

STORY: Inflation slows in Sept. in France DATELINE: Oct. 11, 2022 LENGTH: 00:01:37 LOCATION: Paris CATEGORY: ECONOMY SHOTLIST: 1. various of customers in a French store 2. various of prices and products in a store 3. various of a retail store STORYLINE: France saw the prices rise by 5.6 percent in September on a year-on-year basis, after increases of 5.9 percent in August and 6.1 percent in July, according to French national statistics institute. This decline in inflation is due to the slowdown in the price rise in energy and service (tariff shield on gas, reductions in fuel prices, etc.), the National Institute of Statistics explained in a press release, while the increase in food prices is accelerating. According to figures from the analysis firm IRI France, the prices of consumer products have increased, in one year, by 9.11 percent. In August, inflation rates stood at 7.9 percent in Germany, 9.1 percent in Italy and 9.9 percent in the UK. Xinhua News Agency correspondents reporting from Paris.

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INDIA-AMRITSAR-INFLATION

(220913) -- AMRITSAR, Sept. 13, 2022 (Xinhua) -- A man carries bags of potatoes at a market in Amritsar of India's northern Punjab, Sept. 13, 2022. The rate of retail inflation in India rose to 7 percent during August, compared with 6.71 percent in July, according to government data released on Monday. (Str/Xinhua)

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INDIA-AMRITSAR-INFLATION

(220913) -- AMRITSAR, Sept. 13, 2022 (Xinhua) -- A man buys onions at a market in Amritsar of India's northern Punjab, Sept. 13, 2022. The rate of retail inflation in India rose to 7 percent during August, compared with 6.71 percent in July, according to government data released on Monday. (Str/Xinhua)

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INDIA-AMRITSAR-INFLATION

(220913) -- AMRITSAR, Sept. 13, 2022 (Xinhua) -- Fruits are pictured at a market in Amritsar of India's northern Punjab, Sept. 13, 2022. The rate of retail inflation in India rose to 7 percent during August, compared with 6.71 percent in July, according to government data released on Monday. (Str/Xinhua)

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INDIA-AMRITSAR-INFLATION

(220913) -- AMRITSAR, Sept. 13, 2022 (Xinhua) -- People buy vegetables at a market in Amritsar of India's northern Punjab, Sept. 13, 2022. The rate of retail inflation in India rose to 7 percent during August, compared with 6.71 percent in July, according to government data released on Monday. (Str/Xinhua)