India's Headline Inflation Eases, Market Impact Imminent
CPI YoY Results to be Released, Global Markets on Alert
Key Indicator of Inflation, Decision-Making Tool for Governments and Central Banks
Get the latest on India's Consumer Price Index (CPI) YoY results, to be announced in real time today. This crucial economic indicator will provide insights into inflation dynamics and have immediate global market implications.
Thursday's CPI report has the potential to trigger a range of reactions, from fueling expectations of a rate cut to causing a surge in the dollar. The market is eagerly awaiting the release, as the Federal Reserve's dovish hopes hinge on inflation's next move.
CPI is widely used by governments and central banks as a macroeconomic indicator of inflation. It measures the change in prices for a basket of goods and services commonly purchased by consumers.
In May 2024, India's annual consumer inflation rate eased to 4.67%, down from 4.83% in April. This was below market expectations of a rise. The CPI measures the change in prices for a basket of goods and services commonly purchased by consumers.
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