Page 32 - Latest Updates on Inflation
RBI retains FY24 GDP forecast at 6.5%, raises inflation projection to 5.4%
"Headwinds from weak global demand, volatility in global financial markets, geopolitical tensions and geoeconomic fragmentation, however, pose risks to the outlook," Das said
 "RBI retains FY24 GDP forecast at 6.5%, raises inflation projection to 5.4%")
Rupee eyes RBI monetary policy decision, US inflation data to follow
Non-deliverable forwards indicate the rupee will open barely changed to the U.S. dollar from 82.8150 on Wednesday. In the last two sessions, the currency has been in the range of around six paisa
 "Rupee eyes RBI monetary policy decision, US inflation data to follow")
Disinflation spreads across several emerging markets and selloff deepens
In Hungary, which has the highest interest rate in the European Union, inflation dipped below 20% for the first time in 11 months. The government expects the rate to fall below 10% by October
 "Disinflation spreads across several emerging markets and selloff deepens")
A veg thali cost 28% more in July than June, thanks to tomatoes: CRISIL
A veg thali comprises roti, vegetables (onion, tomato, and potato), rice, dal, curd, and salad
 "A veg thali cost 28% more in July than June, thanks to tomatoes: CRISIL")
Pakistan's inflation touches 29.8% amid rise in food, energy prices
Out of these commodities, the price of milk, sugar, and firewood went up; wheat flour and vegetable ghee decreased; whereas prices of long cloth, and electricity remained unchanged
 "Pakistan's inflation touches 29.8% amid rise in food, energy prices")
ECB's Philip lane sees inflation slowing significantly later this year
While price pressures won't hit the ECB's goal until sometime in 2025, the recent decline in energy will reduce costs across the economy before long, he said in a podcast produced by the central bank
 "ECB's Philip lane sees inflation slowing significantly later this year")
Bank of England raises interest rate to new 15-year high to fight inflation
The Bank of England raised its main interest rate on Thursday to a fresh 15-year high as it tries to bring down persistently high inflation
 "Bank of England raises interest rate to new 15-year high to fight inflation")
Fitch downgrades US' rating: How soon can the markets recover?
Stock markets, analysts suggest, are impacted by unexpected events and see a knee-jerk reaction. When market valuations are high, the sell-off, they say, will be sharp
 "Fitch downgrades US' rating: How soon can the markets recover?")
Erratic rainfall may lead to higher inflation in near term: BoB research
"This is expected to translate into a higher inflation in the near term, as IMD expects El Nino conditions will develop in the middle of the monsoon period", the report said
 "Erratic rainfall may lead to higher inflation in near term: BoB research")
Short-term inflation in Pak stays above 29% as electricity, LPG price hikes
The short-term inflation on a week-on-week basis measured by the Sensitive Price Index (SPI), rose 3.73 per cent which marks the highest increase in the past two months
 "Short-term inflation in Pak stays above 29% as electricity, LPG price hikes")
How should Japan respond to inflation?
Japan should view today's inflation as an opportunity to break its deflationary equilibrium and raise inflation expectations
 "How should Japan respond to inflation?")
Vegetables in India to stay expensive for longer on erratic monsoon
Vegetables prices, which have a 6% weighting in the overall consumer price index (CPI), hit a seven-month high in June, rising 12% month-on-month, official data shows
 "Vegetables in India to stay expensive for longer on erratic monsoon")
Fed hikes rates to highest level in 16 years at 5.25%-5.5% citing inflation
The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and the accompanying policy statement left the door open to another increase
 "Fed hikes rates to highest level in 16 years at 5.25%-5.5% citing inflation")
Q1 a washout, exporters pin hope on North America for a turnaround
Slowdown in key economies, as well as geopolitical tensions resulted in sluggish demand for Indian goods
 "Q1 a washout, exporters pin hope on North America for a turnaround")
Inflation bites off Jubilant Food's Q1 profit; analysts serve earnings cut
What's also worrying the Street is the likelihood of a dismal Q2FY24 performance, which they feel will be marred by soaring milk, cheese and vegetable prices, and an embargo on Ukraine's wheat exports
 "Inflation bites off Jubilant Food's Q1 profit; analysts serve earnings cut")
UK's high food inflation not driven by weak competition: Regulator
UK food price inflation reached its highest since 1977 in March at more than 19%, according to official data
 "UK's high food inflation not driven by weak competition: Regulator")
ITC hits new high on heavy volumes; enters Rs 6-trillion market cap club
FPIs increased their stake in ITC to 14.51 per cent at the end of the June quarter, up from 14.21 per cent seen at the end of March quarter
 "ITC hits new high on heavy volumes; enters Rs 6-trillion market cap club")
World's cheapest Domino's pizza is in inflation-hit India, costs just $0.60
The 49-rupee ($0.60) pizza in India, Domino's No.1 market outside America, is the tip of the spear in its fight against rampant inflation that's squeezing profits and pricing out many customers
 "World's cheapest Domino's pizza is in inflation-hit India, costs just $0.60")
UK inflation slows sharply, offering some relief to Bank of England
Bank Rate peaking at 6% is no longer fully priced, which had been the case on Tuesday
 "UK inflation slows sharply, offering some relief to Bank of England")
Markets are at starting point of a mid-to-long term bull run: Ajit Banerjee
The mid and small caps look a bit heated up from a near-term perspective. The earning yields of mid and small-cap stocks on a trailing 12-month basis are higher than that of largecaps
 "Markets are at starting point of a mid-to-long term bull run: Ajit Banerjee")