Indian WPI Fuel YoY (Mar) Y/Y 1.05% (Prev. -3.78%)
The YoY increase in India's WPI fuel prices to 1.05% in March, reversing from a decline of -3.78% previously, indicates a significant shift in the price dynamics for fuel.
Pakistan leadership’s overseas tour until April 18th dims prospects of US-Iran talks in Islamabad before April 18th, Pakistani journalist Mallick reports
Officials told POLITICO the UK Chancellor is planning to hold a one-on-one with US Treasury Secretary Bessent at the “Invest in America” event today
Indian WPI Fuel YoY (Mar) Y/Y 1.05% (Prev. -3.78%)
Times' hears that UK Chancellor Reeves is looking to back down on plans to start increasing fuel duty by 5p a litre from September, the suggestion is that the move would cost about GBP 2.6bln, Times Reports
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This uptick suggests rising input costs that could pressure inflation metrics and influence monetary policy considerations in the near term, potentially signaling a tighter stance as the central bank evaluates the growth-inflation balance.
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