Page 107 - Latest Updates on Inflation
Bank of England hikes interest rates in clamour to contain inflation
The move follows hot on the heels of a rate hike in December, marking the first back-to-back increases in Bank Rate since 2004
 "Bank of England hikes interest rates in clamour to contain inflation")
Inflation in Turkey hits record 48.7% following interest rate cuts
Consumer price inflation surged for an eighth straight month to reach an annual 48.7%, the highest since April 2002 and up sharply from 36.1% in December
 "Inflation in Turkey hits record 48.7% following interest rate cuts")
 "Strong earnings eclipse surging euro zone inflation for now")
Eurozone inflation hits record 5.1% in Jan, boosting rate hike bets
Consumer prices jumped 5.1% from a year ago in January, up from 5% in December.
Inflation at its highest in 2 years in Pakistan, transport leads trend
This is the highest CPI inflation since January 2020
 "Inflation at its highest in 2 years in Pakistan, transport leads trend")
Economic Survey Primer: Imported inflation to jab as macro indicator
Economic Survey stresses on making policy decisions based on changing economic realities
 "Economic Survey Primer: Imported inflation to jab as macro indicator")
Imran Khan passes mini budget to appease IMF but angers citizens
Already unemployment among the educated youth is increasing at a time when inflation in December touched 12.3 per cent, up from 11.5 per cent in November
 "Imran Khan passes mini budget to appease IMF but angers citizens")
Erdogan says interest rates will be lowered and inflation will fall too
Turkey saw December inflation soar to its highest level in Erdogan's 19-year rule
 "Erdogan says interest rates will be lowered and inflation will fall too")
US Federal Reserve's inflation measure hits nearly 40-year high
A key inflation measure closely watched by the US Federal Reserve rose at the fastest pace in nearly 40 years in December 2021
 "US Federal Reserve's inflation measure hits nearly 40-year high")
Strong US earnings lift equities amid inflation, geopolitical concerns
Strong earnings from tech firms including Apple, which rose nearly 7% after reporting record sales over the holiday quarter, buoyed U.S. markets during the session. read more
 "Strong US earnings lift equities amid inflation, geopolitical concerns")
High inflation to stick this year, denting global growth: Poll
In the latest quarterly Reuters surveys of over 500 economists taken throughout January, economists raised their 2022 inflation forecasts for most of the 46 economies covered
 "High inflation to stick this year, denting global growth: Poll")
High inflation to stick this year, denting global growth, says poll
In the latest quarterly Reuters surveys of over 500 economists taken throughout January, economists raised their 2022 inflation forecasts for most of the 46 economies covered
No chance of reduction in inflation for another three months: Pak FM
Earlier, increasing inflation has forced the Pakistan government in deferring the approval of the Rs 360 billion mini-budget
Budget should maximise capex, set stage for MPC to control inflation
Budget 2022: ICRA expects a satus quo on the stance of the monetary policy as well as the reverse repo rate in the upcoming meeting of the Monetary Policy Committee.
 "Budget should maximise capex, set stage for MPC to control inflation")
Inflation-fighting Fed likely to flag March interest rate hike
The Fed is expected on Wednesday to keep its benchmark overnight interest rate unchanged at the near-zero level
 "Inflation-fighting Fed likely to flag March interest rate hike")
Investors worry about Fed hurting growth, even theorize over next recession
Investors have been unnerved in recent days about the potential for a more hawkish Fed than previously expected
 "Investors worry about Fed hurting growth, even theorize over next recession")
Australian inflation surges in December quarter, market bays for rate hikes
Data from the Australian Bureau of Statistics out on Tuesday showed the headline consumer price index rose 1.3% in the fourth quarter and 3.5% for the year, topping forecasts
 "Australian inflation surges in December quarter, market bays for rate hikes")
Indices slump 2.6% as sell-off deepens; metal, realty top losers
Concerns over Fed rate hike, Ukraine add to investor woes
 "Indices slump 2.6% as sell-off deepens; metal, realty top losers")
Singapore reviews inflation forecasts as core prices near 8-year high
The core inflation rate, the central bank's favoured price measure - rose to 2.1% in December on a year-on-year basis,
 "Singapore reviews inflation forecasts as core prices near 8-year high")
Rising inflation, Covid-19 making people more vulnerable in Nepal
Many families in Nepal are struggling due to reduced job opportunities and growing inflation amid the Covid-19 pandemic
 "Rising inflation, Covid-19 making people more vulnerable in Nepal")