India's wholesale price inflation runs at 30-yr high, makes rate hikes more likely [Reuters]
Moody's Corporation (MCO)
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Source: Reuters
Economists see central bank raising key rate in August A surge in crude oil and commodity prices since Russia invaded Ukraine in February has set inflation alight in many countries, forcing central banks to raise interest rates. Advertisement · Scroll to continue Wholesale prices (INWPI=ECI) , akin to producer prices, climbed 15.88% in May from year ago levels, staying in double-digits for a 14th straight month, and was, according to economists, India's highest since September 1991. A Reuters poll of analysts had forecast a rise of 15.10%. The high rate was primarily due to rising prices for crude petroleum and natural gas, food items, basic metals and chemical products, the Ministry of Commerce and Industry said in a statement on Tuesday. Advertisement · Scroll to continue Prices for manufactured products, contributing around 64% to the wholesale price index (WPI), rose 10.11%, compared to 10.85% in the previous month, while fuel and power costs increased 40.62% from a
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MCO
Earnings
- 2/14/24 - Miss
MCO
Sec Filings
- 4/19/24 - Form 8-K
- 4/2/24 - Form 3
- 4/2/24 - Form 4
- MCO's page on the SEC website