Topic
economic data
Business UK Inflation Drops to 2.6% in June as Fuel and Food Prices Ease
UK inflation fell to 2.6% in the year to June 2026, down from 2.8% in May, driven by lower fuel and food prices, according to the Office for National Statistics. The data offers some respite for businesses and consumers, though inflation remains elevated.
Business US inflation climbs above 4% for first time in three years as consumer spending stays resilient
US inflation accelerated above 4% for the first time in three years, with the PCE price index rising 4.1% year-on-year in May. Consumer spending remained resilient, increasing 0.7% month-on-month, supported by larger tax refunds and a stock market rally, according to data from the Commerce Department and Reuters.
Business Crude, Ceasefire and Economic Data: What's Driving Dalal Street This Week
Indian stock market sentiment this week will be shaped by geopolitical tensions involving the US and Iran, crude oil price movements, and a packed domestic economic calendar including IIP, PMI, forex reserves data, and monthly auto sales. Last week, the BSE Sensex rose 0.38% and the Nifty advanced 0.17%.
Gold Holds Near Two-Week High on Weak US Jobs Data; Silver Extends Gains for Fifth Session
Gold traded near a two-week high around $4,174.66 per ounce on Monday after weaker-than-expected US jobs data reduced expectations of an immediate Fed rate hike. Silver extended gains to a fifth consecutive session, reaching $62.47 per ounce. JPMorgan lowered its gold demand outlook, while physical demand softened in India and improved slightly in China.
Business India Does Not Use Methodology Changes to Inflate Growth Numbers, CEA Nageswaran Defends GDP Data
Chief Economic Adviser V Anantha Nageswaran has defended India's GDP data, stating that the country does not use methodology or base-year changes to artificially inflate economic growth figures. In an ANI interview, he said GDP is an estimate, and India actually lowered its GDP figure after a recent rebasing exercise, contrary to many other nations. He also noted that international institutions like the IMF have only questioned methodology, not reliability, and that criticism often stems from unmet expectations.
Business At 4.2%, US Inflation Posts Biggest Gain in Three Years, Fed Rate Path Affected
The US consumer price index increased 4.2% in the 12 months through May, the largest gain since April 2023, according to the Bureau of Labour Statistics. Surging energy prices amid the West Asia conflict and renewed US-Iran tensions contributed to the rise, giving the Federal Reserve cover to keep interest rates unchanged into 2027. Wall Street indexes fell, with the S&P 500 tech index down 1.6%.
Business Navigating Credit: How Lenders Assess New Borrowers
Lenders face challenges evaluating new-to-credit customers due to lack of credit history. Existing bank relationships and job stability play crucial roles in credit approval. Recent grads face higher unemployment, impacting creditworthiness.
Business Govt Unveils Uniform Framework for District GDP Estimates
The Indian government has introduced a uniform framework for district GDP estimates, using 2022-23 as the base year. This initiative aims to enhance consistency and comparability of economic data across states and Union Territories.
Business Industrial Output Growth Slows Amid Sectoral Challenges
India's industrial output growth decelerated to 4.9% in April 2026, down from 5.7% a year earlier, due to a contraction in the mining sector. Despite this, manufacturing and electricity generation showed resilience.