consumer prices index

Rising fuel prices are poised to reignite inflation, a Crisil report warns. Expect higher costs for transport, logistics, and manufacturing, directly impacting food and consumer goods. Direct fuel price hikes could add nearly 48 basis points to inflation, with broader effects on supply chains. While GST cuts offer some relief, persistently high oil prices remain a concern for the economy.

Indian consumers may soon face higher prices as wholesale inflation surges, driven by global conflicts impacting commodity and energy costs. While retail inflation remains soft for now, a widening gap between wholesale and consumer price indices suggests businesses will likely pass on increased production expenses, leading to costlier everyday goods and services in the coming months.

US stocks continued their record-setting rally, driven by strong earnings and AI optimism, pushing major indices higher. Despite inflation and geopolitical concerns, investor sentiment was buoyed by hopes of a US-Iran ceasefire extension, easing energy market pressures. Technology stocks, particularly Dell, led the gains as markets closed the week on a positive note.

Gold price prediction today: Gold prices may gain if oil prices fall, but the rise is likely to be capped, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.

The government increased fuel prices by Rs 3 per litre to support oil marketing companies facing losses due to high global crude oil prices and a weakening rupee. However, further rupee depreciation could negate these gains, with companies incurring significant daily losses. The price hike offers limited relief, covering only a fraction of projected losses.

US stock indexes traded mixed as easing Treasury yields and lower oil prices calmed investor concerns following last week's bond selloff. The Dow Jones Industrial Average saw gains, while the S&P 500 edged up and the Nasdaq Composite slipped. Investors are now closely watching upcoming corporate earnings, with Nvidia and Walmart set to report.

A US-Israeli war with Iran has triggered significant global economic fallout, with companies reporting at least $25 billion in losses due to soaring oil prices and disrupted trade routes. Businesses worldwide are implementing cost-cutting measures, including price hikes and reduced production, as the conflict impacts various sectors, particularly airlines.

Retail inflation edged up to 3.5% in April, driven by a rise in food prices. While fuel inflation slowed, restaurant services saw a significant price jump due to higher LPG costs. Consumer durables like cars and air conditioners, however, became cheaper. Experts note upside risks to the inflation outlook despite the softer-than-expected reading.

Stock markets surged on Monday, with Sensex and Nifty crossing significant milestones. Easing West Asian tensions and falling crude oil prices fueled investor optimism, particularly after US President Trump indicated a deal with Iran was largely negotiated. Banking stocks led the rally, while global markets also saw gains.

Asian markets rallied Friday, buoyed by hopes of US-Iran peace talks, though volatile oil prices and Strait of Hormuz concerns fueled inflation worries. Tokyo led gains as investor sentiment improved. Despite diplomatic optimism, rising crude prices prompted reassessment of global interest rate expectations, with the US Federal Reserve potentially hiking rates later this year.

India's retail inflation remains largely unaffected by West Asian conflict, with SBI retaining its FY27 forecast at 4.5%. While imported inflation eased slightly, rising food prices, particularly tomatoes, are a key driver. Future trends hinge on energy price pass-through and summer crop progress, with the RBI flagging upside risks.

Indian equity benchmarks Sensex and Nifty closed lower on Tuesday after a late sell-off in heavyweight stocks like HDFC Bank and Reliance Industries erased early gains. Concerns over the rupee hitting a fresh record low and elevated crude oil prices also weighed on investor sentiment, though IT stocks provided some support.

India's wholesale inflation surged to 8.30% in April 2026, a significant jump from March's 3.88%. This spike is primarily attributed to soaring fuel, power, and crude oil prices, exacerbated by the West Asia crisis. Mineral oils, basic metals, and manufactured products also contributed to the rise, impacting various sectors.

US inflation surged in April, reaching a three-year high driven by escalating fuel costs linked to the Iran-US conflict. This rise complicates the Federal Reserve's interest rate decisions, as petrol prices have significantly increased, impacting household budgets and raising concerns about broader economic fallout.