Global Inflation Overview (June 2024) United States In the United States, the annual inflation rate for the 12 months ending in May 2024 is 3.27%. This represents a significant decrease from the peak inflation rate of 9.06% in June 2022. The Consumer Price Index for All Urban Consumers (CPI-U) remained unchanged in May after a …
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The repo rate is the interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks. It directly influences the interest rates banks charge on loans, thereby affecting the EMIs paid by borrowers. RBI has maintained the repo rate at 6.50% since last year, reflecting a cautious approach in balancing inflation …
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Inflation has become a hot topic, affecting everything from the cost of groceries to mortgage rates. Understanding how to interpret inflation data is crucial for both everyday consumers and economic researchers. This article explains the impact of inflation on consumer purchasing power and business operations globally, and provides insights on how to read these numbers …
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