Page 27 - Latest Updates on Inflation
Many families facing true hardships from unabated increase in prices: Cong
Congress general secretary Jairam Ramesh's attack on the government came after the Reserve Bank of India on Friday decided to keep the policy rate unchanged for the fourth time in a row
 "Many families facing true hardships from unabated increase in prices: Cong")
RBI MPC meeting: Key takeaways from Guv Shaktikanta Das' announcements
RBI MPC has decided to continue with the pause on repo rate at 6.5 per cent for the fourth time in a row
 "RBI MPC meeting: Key takeaways from Guv Shaktikanta Das' announcements")
Policy rate unchanged at 6.5%, FY24 inflation forecast retained at 5.4%
RBI policy: Shaktikanta Das said that real GDP forecast for 2023-24 has been retained at 6.5% by MPC
 "Policy rate unchanged at 6.5%, FY24 inflation forecast retained at 5.4%")
Best of BS Opinion: Inflation risks, real estate rollercoaster & more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Inflation risks, real estate rollercoaster & more")
India caught between Davids & Goliaths in global clean energy face-off
The US and Europe are offering 8 to 10 times more subsidies amounting to a massive $650 billion, around 18 per cent of India's gross domestic product
 "India caught between Davids & Goliaths in global clean energy face-off")
US Treasury 30-year bond yield rises 8 bps to hit highest level since 2007
Shorter-maturity Treasury yields had previously reached the highest levels since at least 2007, and extended their climb Tuesday
 "US Treasury 30-year bond yield rises 8 bps to hit highest level since 2007")
Inflation woes nix chances of India yield curve steepening: Traders
The government bond yield curve has remained flat for the past few weeks, with the four- and five-year yields at around 7.25% and the 10-year benchmark bond yield at 7.23%
 "Inflation woes nix chances of India yield curve steepening: Traders")
Retaining retail inflation at 4% an unaccomplished dream since 2019-20
The target was achieved in the first two and a half years of implementing inflation targeting in Oct 2016, but the inflation rate remained above the goal
 "Retaining retail inflation at 4% an unaccomplished dream since 2019-20")
Pakistan's inflation rises to 31.4% in Sept amid high energy prices
Interest rates also risen to their highest at 22%, and Pak rupee hit all-time lows in Aug before recovering in Sept to become best performing currency following clampdown on unregulated FX trade
 "Pakistan's inflation rises to 31.4% in Sept amid high energy prices")
Expects it to be appropriate to raise rates further: US Fed Governor
Bowman, in prepared remarks to a banking conference, said inflation remains too high and expects progress in lowering it to be slow "given the current level of monetary policy restraint."
 "Expects it to be appropriate to raise rates further: US Fed Governor")
Oil pares gains ahead of US Fed's comments on interest rate moves
U.S. West Texas Intermediate crude futures were largely steady, up just 12 cents to $90.91 a barrel, after also jumping more than a $1 in earlier trading, and after losing 92 cents on Friday
 "Oil pares gains ahead of US Fed's comments on interest rate moves")
Good progress on bringing down inflation, says British PM Rishi Sunak
"Inflation is making people feel poorer, the quicker we bring inflation down the better it is, and that is why it is the right priority, and we are making good progress," Sunak told the BBC
 "Good progress on bringing down inflation, says British PM Rishi Sunak")
Expect status quo on rate and no change in stance
As the festival season approaches, followed by elections, state and national, there will be pressure on liquidity since cash with the public will rise
 "Expect status quo on rate and no change in stance")
US govt shutdown 'unnecessary risk' to economy, says Lael Brainard
"The main story of all the naysayers was that you couldn't get core inflation to come down without a big increase in job destruction. That is not what we've seen," Brainard said
 "US govt shutdown 'unnecessary risk' to economy, says Lael Brainard")
Inflation drops sharply in Europe, but higher crude oil prices loom
The annual rate was 4.3% this month, a drop from 5.2% in August. But recently higher oil prices are casting a shadow over prospects for beating inflation back down to the central bank's target of 2%
 "Inflation drops sharply in Europe, but higher crude oil prices loom")
Retail inflation for industrial workers eases marginally to 6.91% in Aug
The index is compiled for 88 centres and All-India and is released on the last working day of the succeeding month
 "Retail inflation for industrial workers eases marginally to 6.91% in Aug")
DHL Express to hike prices for parcel deliveries by 6.9% from next year
Prices are adjusted on an annual basis, taking into consideration various factors, including inflation, DHL Express said
 "DHL Express to hike prices for parcel deliveries by 6.9% from next year")
ECB looks to leverage AI to better understand inflation after big misses
Joining the masses of firms already using AI, the ECB is now exploring ways to process and analyse millions of data points, including public price data, corporate statistics
 "ECB looks to leverage AI to better understand inflation after big misses")
Inflation a cause of worry for FMCG companies; margins could take a hit
While companies remain cautiously optimistic about demand panning out this year, a dry August has already played spoilsport for demand, especially in rural areas
 "Inflation a cause of worry for FMCG companies; margins could take a hit")
Swift death of the 'Green Consensus'
Countries across the world are scaling back their climate ambitions from the high points of the past few years
 "Swift death of the 'Green Consensus'")