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News18
a day ago
- Business
- News18
CPI Inflation In June 2025 Falls To 2.1%, Lowest Since January 2019
The NSO says the significant decline in inflation in June 2025 is mainly attributed to favourable base effect and decline in inflation of vegetables, pulses and products. India's retail inflation, based on the Consumer Price Index (CPI), declined to 2.1 per cent in June 2025, according to the latest official data released on Monday, July 14, 2025. It is the lowest inflation print after January 2019. The CPI-based inflation had stood at 2.82 per cent in May 2025 and 5.08 per cent in June 2024. 'Year-on-year inflation rate based on All India Consumer Price Index (CPI) for the month of June 2025 over June 2024 is 2.10% (provisional). There is a decline of 72 basis points in the headline inflation of June 2025 in comparison to May 2025. It is the lowest year-on-year inflation after January 2019," the National Statistics Office (NSO), under the Ministry of Statistics & Programme Implementation, said in a statement on Monday. The previous low of 1.97 per cent was recorded in January 2019. The NSO said the significant decline in headline inflation and food inflation in June 2025 is mainly attributed to favourable base effect and decline in inflation of vegetables, pulses and products, meat and fish, cereals and products, sugar and confectionery, milk and products and spices. Upasna Bhardwaj, chief economist at Kotak Mahindra Bank, said, 'The softer-than-expected headline inflation comes on the back of moderating food prices. However, core inflation has ticked up. Overall, the high-frequency mandi prices suggest food prices remain largely muted, except for few vegetable prices. We expect the FY26 inflation to undershoot RBI's estimates of 3.7% by around 50 bps. While comfortable inflation opens room for further monetary easing, we expect the RBI to maintain a pause in the coming 1-2 meetings and remain watchful of the transmission ahead along with global uncertainties." Meanwhile, according to the latest data release separately by the commerce ministry, wholesale price inflation (WPI) declined to (-) 0.13 per cent in June as prices of food articles and fuel saw deflation, along with easing in manufactured product costs, government data showed on Monday. WPI-based inflation was 0.39 per cent in May. It was 3.43 per cent in June last year. Last month, the Reserve Bank of India (RBI) revised its retail inflation projection for FY26 to 3.7%, down from its earlier estimate of 4%. This marks the lowest average retail inflation forecast by the central bank in recent years. The downward revision came alongside a surprise 50 basis points repo rate cut, bringing the key policy rate down to 5.5%, and a 100-bps CRR reduction as the RBI signalled confidence in the easing of price pressures amid a supportive global and domestic backdrop. However, RBI Governor Sanjay Malhotra said, 'While food inflation outlook remains soft, core inflation is expected to remain benign with easing of international commodity prices in line with the anticipated global growth slowdown. The inflation outlook for the year is being revised downwards from the earlier forecast of 4.0 per cent to 3.7 per cent." The next RBI MPC meeting is scheduled for three days between August 4 and August 6. view comments First Published: July 14, 2025, 16:16 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
08-07-2025
- Business
- Time of India
US introduces new visa integrity fee for non-immigrants under ‘One Big Beautiful Bill'
Starting in 2026, the U.S. Department of Homeland Security will implement a $250 Visa Integrity Fee for non-immigrant visa applicants, subject to annual CPI-based increases. This fee impacts international students, tech professionals, and employers, with potential refunds for those complying with visa terms and departing or extending status on time. Tired of too many ads? Remove Ads The visa holder must strictly comply with all visa conditions, including not working without authorization and not overstaying. The person must either leave the US within five days of their I-94 expiration (without applying for extension or change of status), or Receive a lawful extension or adjustment to permanent residency before the I-94 expiry date. Also Read: 358 international students regain SEVIS status in a significant settlement with DHS Tired of too many ads? Remove Ads Fee Type Amount Waiver available? Notes Visa Integrity Fee $250 No Refundable only if compliance and timely departure or extension met I-94 Fee $24 No Required for admission tracking ESTA Fee $13 No Applies to Visa Waiver Program travelers EVUS Fee $30 No Applies to certain Chinese nationals with 10-year B1/B2 visas Under the 'One Big Beautiful Bill,' the Department of Homeland Security DHS ) has introduced a mandatory Visa Integrity Fee for non-immigrant visa applicants, starting per a report by Fragomen, a fixed $250 fee will now be charged at the time of visa issuance. DHS has the authority to raise this fee beyond the base amount through future regulations. From 2026 onward, the amount will increase annually based on the Consumer Price Index (CPI), making this a recurring cost indexed to the fee is non-waivable and cannot be reduced under any condition, DHS has outlined limited cases where a refund may be possible. To qualify:If these conditions are met, the fee may be reimbursed. Otherwise, the amount will be directed to the US Treasury's general new requirement is expected to impact international students, tech professionals, tourists, and employers who depend on global talent. It also adds a compliance-based financial burden, linking immigration status maintenance to potential cost recovery. Sectors like education and technology, which employ a large number of F-1 and H-1B visa holders , may see downstream effects in workforce planning and legislation also outlines increases and new charges for other US travel and entry systems:
Express Tribune
01-07-2025
- Business
- Express Tribune
PSX reaches new peak above 128,000
Listen to article Pakistan Stock Exchange (PSX) continued its upward journey on Tuesday, crossing 128,000 points for the first time in history. The bull-run was triggered by the allocation of fresh funds for the equity market, economic and political stability as well as optimism surrounding fiscal reforms announced in the federal budget. Investor sentiment was further buoyed by encouraging signals such as a sharp decline in June's Consumer Price Index (CPI) to 3.4% year-on-year and the government's upbeat projections for exports and inflation. Additionally, the abolition of duty on industrial power tariffs and a rally in global crude oil prices aided the momentum, which took the KSE-100 index to a new high at 128,199, up 2,572 points, or 2.05%. According to Ahsan Mehanti of Arif Habib Corp, stocks closed at a new all-time high amid upbeat data of CPI-based inflation, which rose 3.4% year-on-year in June, and the government's projections for higher exports and modest 5-7% inflation in FY26. He added that the abolition of duty on industrial power tariffs and surging global oil prices drove the bullish close at the PSX. In its review, Topline Securities stated that the KSE-100 index kicked off the new fiscal year with a bang, soaring to intra-day high of 2,848 points before settling at 128,199, up an impressive 2,572 points. Fauji Fertiliser Company (FFC) was the standout performer, contributing 565 points following the release of a report a day earlier, which buoyed investor interest, it said. Banking stocks were in the limelight as investors actively reshuffled their portfolios. Heavyweights like UBL, Meezan Bank, MCB Bank, HBL and Bank AL Habib added 1,221 points, reflecting strong institutional interest. On the flip side, cement stocks faced headwinds as profit-taking kicked in amid weaker local dispatches, added Topline. Arif Habib Limited (AHL) commented that the stock market extended gains up to 128,000 points, with the KSE-100 index going up by 2.05%. Some 60 shares rose and 39 fell, where FFC (+5.04%), UBL (+5.03%) and MCB Bank (+8.91%) contributed the most to index gains. On the flip side, Lucky Cement (-1.54%), DG Khan Cement (-2.48%) and Tariq Glass Industries (-4.36%) were the biggest drags, it said. AHL noted that the CPI for June 2025 registered an increase of 3.2%, compared to the hike of 3.46% in May. Inflation slowed last month, despite a sharp rise in fuel costs following the Israel-Iran military conflict. The government raised fuel prices by Rs13.75 in June, the highest increase in 11 months. "Support for the index rises to 126,500 points, with the broader target of 130,000 now in sight," commented AHL. JS Global analyst Muhammad Hasan Ather said that the KSE-100 kicked off FY26 on a bullish note, where the benchmark index rose 2% to close at 128,199. Investor optimism was driven by fiscal reforms outlined in the federal budget and renewed confidence from political and economic stability, he said. "With robust trading volumes and resilient sentiment, the outlook remains positive, having the potential for further upside, as economic indicators stabilise and reforms gain traction," he remarked. Overall trading volumes decreased to 1.03 billion shares compared with Monday's tally of 1.1 billion. The value of shares traded was Rs44 billion. Shares of 479 companies were traded. Of these, 233 stocks closed higher, 206 fell and 40 remained unchanged. Kohinoor Spinning Mills was the volume leader with trading in 85 million shares, falling Rs0.11 to close at Rs6.39. It was followed by The Bank of Punjab with 73.8 million shares, gaining Rs0.57 to close at Rs10.92 and Sui Southern Gas Company with 69.2 million shares, rising Rs1.94 to close at Rs44.73. Foreign investors sold shares worth Rs914.4 million, the National Clearing Company reported.
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Business Standard
12-06-2025
- Business
- Business Standard
Retail inflation falls to 2.82% in May, lowest since February 2019
India's CPI-based retail inflation dropped to 2.82 per cent in May, the lowest since February 2019, led by food price easing and reinforcing the RBI's recent rate cuts Delhi
Indian Express
05-06-2025
- Business
- Indian Express
OTT platforms, air & rail portals to be part of new inflation series as MoSPI taps new data sources
Data from over-the-top (OTT) platforms and online portals for airfare and rail fare could soon be part of India's inflation basket. India's statistics ministry is exploring tapping into alternative data sources such as online platforms for air and rail fares, OTT services, and administrative records for price data for petrol, diesel and LPG for the new Consumer Price Index (CPI) series, Saurabh Garg, Secretary, Ministry of Statistics and Programme Implementation (MoSPI) told The Indian Express in an interview. The new CPI series, which is expected to come out from the first quarter of 2026, is also likely to directly incorporate data from Indian Railway Catering and Tourism Corporation (IRCTC) and Petroleum Planning and Analysis Cell (PPAC). 'For the new CPI series, MoSPI is expanding its approach by exploring alternative data sources, such as online platforms for airfare, rail fare, OTT platforms and administrative records for price data of petrol, diesel and LPG. Discussions are ongoing with IRCTC, under the Ministry of Railways, and the PPAC under the Ministry of Petroleum and Natural Gas for direct transfer of data for integration in CPI,' Garg said. The Ministry is also exploring the use of scanner data and web scraping with an aim to enhance the accuracy, efficiency and comprehensiveness of price data collection, Garg said. 'The possibility of collecting price data from e-commerce websites is also being considered,' he added. The Ministry is currently undertaking a base revision exercise for all major datasets such as CPI-based inflation, Index of Industrial Production (IIP) and Gross Domestic Product (GDP). For GDP, the new series is scheduled to be released on February 27, 2026 with financial year 2022-23 as the new base year, Garg said. The revised base year for IIP has also been tentatively identified as 2022 -23, Garg said, adding that the IIP with the revised base would be released from 2026-27. At present, the base year for GDP and IIP is 2011-12 and for CPI is 2012. For CPI, 2024 has been identified as the revised base year. '…the item basket and the weightage of the items would be decided based on the NSO's Household Consumer Expenditure Survey (HCES) conducted in 2023-24. The new CPI series is expected to be published from the first quarter of 2026,' Garg said. Among other alternative datasets being tapped by the Ministry, Garg said data of Goods and Services Tax (GST), e-Vahan portal, UPI transactions from NPCI are going to be used for GDP calculation by the National Statistics Office (NSO) in addition to the use of data from Office of Controller General of Accounts (CGA), MCA-21, RBI. MoSPI has also used the GSTN (GST Network) database for its new service sector survey, Annual Survey of Service Sector Enterprises (ASSSE). The latest HCES for 2023-24 had incorporated questions on streaming services, air fare and rail fare. At present, the retail inflation basket based on CPI (Combined) has a weight of 0.077 percent for air fare (economy class), 0.185 per cent for railway fare, 2.187 per cent for petrol for vehicles and 0.148 per cent for diesel for vehicles. There's a 0.08 per cent weightage for internet expenses, 0.82 per cent weight for monthly charges for cable TV connection, and 1.839 per cent for mobile phone charges.
