Page 31 - Latest Updates on Inflation
FMCG Q1: Volume up as inflation moderates, small players make comeback
The extent of the impact of the spatial distribution of rainfall and erratic weather patterns on rural farm incomes may also have a bearing on sentiment in the near term, said another FMCG maker
 "FMCG Q1: Volume up as inflation moderates, small players make comeback")
With effective market intervention, Kerala has lowest inflation: CM Vijayan
The inflation rate is also the lowest among the states, he said amid concerns about rising prices nationwide
 "With effective market intervention, Kerala has lowest inflation: CM Vijayan")
Retail inflation for farm workers rises from 6.31% to 7.43% in July
The All-India Consumer Price Index Number for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) for July 2023 increased by 19 points each to stand at 1,215 and 1,226 points, respectively
 "Retail inflation for farm workers rises from 6.31% to 7.43% in July")
Modi govt seeks to free up $12 billion to tackle inflation before LS vote
It would be the second straight year of similar adjustments to contain costs for consumers after the government unveiled a $26-billion plan last year
 "Modi govt seeks to free up $12 billion to tackle inflation before LS vote")
Economy gathering momentum in Q2, inflation remains concern, says RBI
High frequency food price data for August so far (up to 14th) show that prices of cereals and pulses continued to increase in August
 "Economy gathering momentum in Q2, inflation remains concern, says RBI")
India August retail inflation expected below 7%: Motilal Oswal's Gupta
Retail inflation rose as of last count as prices of vegetables and cereals skyrocketed, beating all market expectations and putting pressure on the government to bring down prices
 "India August retail inflation expected below 7%: Motilal Oswal's Gupta")
Emerging Asian bond investors turn cautious as rate cut wagers disappears
Market sentiment is starting to shift as rising commodity prices keep the policymakers from letting their guard down on inflation
 "Emerging Asian bond investors turn cautious as rate cut wagers disappears")
UK headline inflation rate easing but sugar, rent, insurance surging
fficial statistics showed the Consumer Prices Index slid to 6.8% last month from a four decade peak of 11.1% late last year
 "UK headline inflation rate easing but sugar, rent, insurance surging")
UK inflation cools as expected in July but services surprise to upside
Despite the drop, Britain retains one of the highest rates of price growth in Western Europe, with only Iceland and Austria suffering higher inflation in July
 "UK inflation cools as expected in July but services surprise to upside")
UK wages grow at a record pace, fuelling Bank of England's inflation worry
The figures are the first of two batches of economic data that will guide the BOE's next rate decision on September 21
 "UK wages grow at a record pace, fuelling Bank of England's inflation worry")
India's services exports see 12% growth at $27.17 billion in July
The trade deficit narrowed to $20.67 billion in July from $25.45 billion a year ago but widened from $18.76 billion in June
 "India's services exports see 12% growth at $27.17 billion in July")
CPI-based inflation surges to 7.44% in July on 11.51% retail food inflation
CPI inflation: This is the highest retail inflation since April 2022 when it was recorded at 7.79 per cent
 "CPI-based inflation surges to 7.44% in July on 11.51% retail food inflation")
July WPI-based inflation comes at -1.36% as food prices skyrocket
WPI inflation in primary articles was considerably higher at 7.57 per cent as compared to July last year
 "July WPI-based inflation comes at -1.36% as food prices skyrocket")
Inflation, FII data to drive Market in holiday-shortened week: Analysts
On the macroeconomic front, wholesale and retail inflation numbers for July would be announced on Monday
 "Inflation, FII data to drive Market in holiday-shortened week: Analysts")
Sensex down for 2nd day, dips 365 pts; Nifty near 19,400; all but PSBs fall
CLOSING BELL ON AUGUST 11, 2023: 14 out of the Sensex 30 stocks declined over a per cent each, while HCL Tech gained 3 per cent on Friday.
 "Sensex down for 2nd day, dips 365 pts; Nifty near 19,400; all but PSBs fall")
RBI move focused on taming inflation, supporting growth: Industry groups
RBI has kept the policy rate unchanged at 6.5 per cent
 "RBI move focused on taming inflation, supporting growth: Industry groups")
Sensex ends 308 pts lower post RBI policy, Nifty near 19,550; Zee zooms 20%
CLOSING BELL ON AUGUST 10, 2023: Private bank and select auto stocks ended with notable losses after the RBI on Thursday asked banks to maintain Incremental Cash Reserve Ratio (ICRR) at 10 per cent.
 "Sensex ends 308 pts lower post RBI policy, Nifty near 19,550; Zee zooms 20%")
India starts importing tomatoes from Nepal amid record spike in prices
The first lot of imports are likely to reach by Friday in Varanasi, Lucknow and Kanpur cities in northern India, Finance Minister Nirmala Sitharaman told the parliament
 "India starts importing tomatoes from Nepal amid record spike in prices")
Bajaj Electricals Q1 profit falls as unseasonal rains, inflation hit demand
Consolidated net profit was 371.3 million rupees ($4.49 million) for the three months ended June 30, compared with 429.6 million rupees a year earlier
High fruit prices may likely increase food inflation further in 2023
The late arrival of monsoon and heavy monsoon rains have impacted crops, which led to higher prices
 "High fruit prices may likely increase food inflation further in 2023")