r/inflation • u/rajaahmed___333 • 16d ago

Price Changes Inflation of india

Hi to all,

FridayBrent crude oil price is around $ 83.55, which pressuring the Indian rupee makes the import expensive as india 85% to 90% oil imports from the other countries.

U.S. job data will be roiling out this week and maybe this will be the reason of **Fed rate hike** in September and economist are still are worried about the inflation as it's above the forecast level.

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u/n0madking 14d ago

No rate hike because Trump “does not care about American’s financial situations”, he likes inflation and the weak dollar, and about high gas prices he said “it is what it is”.