However, inflation in the Euro Area increased slightly to 2.6 percent from 2.5 percent in July 2024, and in the European Union, it increased from 2.6 percent to 2.8 percent in July 2024. [...] Inflation in the US slowed slightly to 2.9 percent in July 2024 from 3 percent in June 2024 (Figure 1). [...] Conversely, inflation in the Euro Area increased marginally to 2.6 percent from 2.5 percent in June 2024, and in the European Union, it increased from 2.6 percent in June to 2.8 percent in July 2024. [...] The contribution of beverages, fuel, and light to CPI headline inflation decreased from 0.3 percent in June 2024 to 0.2 percent in July 2024 (Figure 27). [...] The unemployment rate for the female population declined marginally to 9 percent from to 9.1 percent and, for the male population, it decreased marginally to 5.8 percent from 5.9 percent in the same quarter in 2023 (Figure 29).
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Table of Contents
- August 2024 1
- Global 3
- Price for Brent Crude declines MSCI Index de creases sequentially for India Emerging Markets W orld in August 2024 5
- Markets 5
- Yields on Indian Government Deb t decrease marginally for 1-year 5-year and 10-year benchmarks 6
- National Stock Exchange Volatility Index VIX decreases by 1.7 percent in August 2024 6
- PMI for Manufacturing and Services declines marginally Growth in IIP and 7
- IIP Core moderates 7
- Real Sector 7
- Growth in non-EV two-wheeler automobile sales moderates year-over-year Registered EV sales 8
- Centres Fiscal Deficit reaches 8.1 percent of BE for FY2024- 11
- MPC keeps policy rates unchanged Retains projections for real GDP growth and CPI headline inflation for FY2024-25 14
- Employment 17
- New subscribers under EPFO increase by 14.8 percent year-over-year Demand for jobs under MGNREGA moderates year-over-year 18
- Merchandise trade deficit widens while services trade surplus 19
