Page 29 - Latest Updates on Inflation
British businesses plan lowest price rises since February 2022: BoE
Businesses surveyed in the three months to August expected to raise prices by 4.9% over the coming year, the smallest percentage since February 2022 when Russia invaded Ukraine
 "British businesses plan lowest price rises since February 2022: BoE")
Tomato prices pushed cost of vegetarian thali up 24% in August: CRISIL
For non-veg thali, the cost was up 13 per cent. It was lower than that of a veg thali owing to a marginal rise in broiler prices
 "Tomato prices pushed cost of vegetarian thali up 24% in August: CRISIL")
Acharya's wish: RBI needs to deliver 4% retail inflation year after year
Reminds analysts, bond markets that inflation target is 4% and not 6%
 "Acharya's wish: RBI needs to deliver 4% retail inflation year after year")
Credit demand to remain robust, to clock about 14% growth: SBI chairman
YONO 2.0 rollout by FY24-end; app fetches Rs 100 crore in fee income every qtr
 "Credit demand to remain robust, to clock about 14% growth: SBI chairman")
Aug inflation number likely to remain high, moderation expected from Sept
Inflation is expected to start moderating from September onwards due to fall in prices of vegetables like tomatoes, restrictions imposed on the export of non-basmati rice
 "Aug inflation number likely to remain high, moderation expected from Sept")
High interest rates may impact borrowers' debt service capacity: FSB to G20
The FSB has published two letters from its Chair, Klaas Knot, to G20 Leaders ahead of their Summit in New Delhi on September 9-10
 "High interest rates may impact borrowers' debt service capacity: FSB to G20")
RBI committed to bring down inflation to 4%: Governor Shaktikanta Das
The central bank has been mandated by the government to keep inflation at 4 per cent with a margin of 2 per cent on either side
 "RBI committed to bring down inflation to 4%: Governor Shaktikanta Das")
Inflation to remain elevated in near-term, govt policies to prevent it: S&P
In July, the consumer price index based retail inflation spiked to 15-month high of 7.44 per cent in July, with specific food commodities mainly driving the increase
 "Inflation to remain elevated in near-term, govt policies to prevent it: S&P")
Top headlines: India's economy 16.5 yrs behind China, Inflation a key issue
Business Standard brings you the top headlines at this hour
 "Top headlines: India's economy 16.5 yrs behind China, Inflation a key issue")
Confident of meeting fiscal deficit, nominal GDP targets: DEA secy
Govt keeping a close watch on some sectors for supply side measures to tame inflation
 "Confident of meeting fiscal deficit, nominal GDP targets: DEA secy")
FPI inflows hit 4-month low at Rs 12,262 cr in Aug on resurfacing inflation
This is the lowest investment in the last four months. Before this investment, FPIs invested over Rs 40,000 crore each in the past three months in Indian equities
 "FPI inflows hit 4-month low at Rs 12,262 cr in Aug on resurfacing inflation")
Pak caretaker PM Anwarul-Haq calls inflated electricity bills 'non-issue'
Kakar also said it was raised by some political parties and was a "tool" in their election campaigns
 "Pak caretaker PM Anwarul-Haq calls inflated electricity bills 'non-issue'")
As IMF reforms kick in, inflation in Pakistan stays high at 27.4%: Report
The inflation rate for food remained high at 38.5 per cent in August, according to figures from Pakistan's statistics department, despite a minor decline from July's 28.3 per cent rate
India's exports increased despite recession, with lowest inflation: Goyal
India's exports increased to $776 billion from 500 billion, two years ago, and this spectacular growth was achieved notwithstanding the recession he said
 "India's exports increased despite recession, with lowest inflation: Goyal")
Fed's inflation gauge shows modest rise in sign of slowing price increases
An inflation gauge closely tracked by the Federal Reserve remained low last month, adding to signs of cooling price increases
 "Fed's inflation gauge shows modest rise in sign of slowing price increases")
Europe's inflation held steady in Aug as CenBank keeps open mind on rates
Another key inflation number so-called core inflation that leaves out volatile fuel and food also eased in August, falling to 5.3% from 5.5%
 "Europe's inflation held steady in Aug as CenBank keeps open mind on rates")
US economic growth for last quarter is revised down to 2.1% annual rate
The American economy the world's largest has proved surprisingly durable in the midst of the Fed's aggressive campaign to stamp out a resurgence of inflation, which last year hit a four-decade high
 "US economic growth for last quarter is revised down to 2.1% annual rate")
Govt likely to focus on motor fuel prices ahead of 2024 polls: Citigroup
The government's decision to reduce liquefied petroleum gas could lower inflation by around 30 basis points, economists Samiran Chakraborty and Baqar M. Zaidi said in a note
 "Govt likely to focus on motor fuel prices ahead of 2024 polls: Citigroup")
Inflation will remain steady in coming months, growth on track: FinMin
Food price inflation rose to 11.5% in July, its highest in more than 3-1/2 years, while India is set to receive its sparsest monsoon rains in eight years
Gas subsidy signals inflation as key plank for upcoming elections
The government said the decision "will bring respite to households across the nation" and "ensure access to essential commodities at reasonable rates"
 "Gas subsidy signals inflation as key plank for upcoming elections")