Page 11 - Latest Updates on Inflation
No evidence of exchange rate policy hurting exports: RBI report
Rupee depreciated by 7.8 per cent during FY23 and by 1.4 per cent in FY24. And so far in FY25, it has depreciated by 1.5 per cent
 "No evidence of exchange rate policy hurting exports: RBI report")
UK inflation rises by 2.3% in October, again more than BOE's expectation
The increase was the biggest month-to-month rise in the annual CPI rate since October 2022
 "UK inflation rises by 2.3% in October, again more than BOE's expectation")
HUL, Asian Paints: Consumption-related stocks take a hit as inflation bites
Higher inflation and lower purchasing by consumers, it seems, has taken a bite out of consumption-related stocks at the bourses, with most counters losing ground in the last few months
 "HUL, Asian Paints: Consumption-related stocks take a hit as inflation bites")
ECB members divided on risk of excessively weak inflation, show accounts
The ECB cut rates for the third time this year in October and made clear that further easing is coming given a weak economy and diminishing price pressures
 "ECB members divided on risk of excessively weak inflation, show accounts")
Economists say MPC's rate cut in February may not be a done deal
Inflation hit a 14-mth high of 6.2% in Oct, breaching MPC's upper tolerance band
 "Economists say MPC's rate cut in February may not be a done deal")
US Oct retail inflation modestly up, may result in fewer interest rate cuts
The consumer price index rose 0.2% for the fourth straight month, the Labor Department said on Wednesday. In the 12 months through October
 "US Oct retail inflation modestly up, may result in fewer interest rate cuts")
RBI inflation target credible as expanding supply will curb pressure: S&P
India's retail inflation soared to a 14-month high of 6.21 per cent in October --above the RBI's tolerance band, mainly on account of rising food prices. It was 5.49 per cent in September
 "RBI inflation target credible as expanding supply will curb pressure: S&P")
Oct retail inflation rises to 14-month high of 6.2%; IIP picked up in Sep
Retail inflation breaches RBI's 6% threshold
 "Oct retail inflation rises to 14-month high of 6.2%; IIP picked up in Sep")
COP29: UN climate chief calls for urgent action to counter economic fallout
Stiell, the executive secretary of the United Nations Convention on Climate Change (UNFCCC), also criticised the tendency to sideline climate action in national policies
 "COP29: UN climate chief calls for urgent action to counter economic fallout")
Bond yields flattish; inflation data cements delayed policy easing view
The benchmark 10-year bond yield ended at 6.7958%, compared with the previous close of 6.7874%
 "Bond yields flattish; inflation data cements delayed policy easing view")
BS BFSI Summit: Tracking food inflation as well as US Fed, say economists
BS BFSI Summit: While food inflation is a prominent factor in India's economic policy, global influences, particularly from the US Fed, cannot be overlooked, say economists at Business Standard summit
 "BS BFSI Summit: Tracking food inflation as well as US Fed, say economists")
Central banks have the last laugh: Inflation tamed without a recession
The Fed commenced tightening from mid-March 2022, with a 25 basis points (bps) increase in the policy rate. By June 2022, the policy rate in the US had jumped by 150 bps
 "Central banks have the last laugh: Inflation tamed without a recession")
Urban demand situation may affect firms' capex plans: Icra MD & Group CEO
The volatility in inflation still remains substantial and interest rates are not expected to come down, weighing on private capex
 "Urban demand situation may affect firms' capex plans: Icra MD & Group CEO")
Inflation fails to dim Diwali spirit as brands curate affordable hampers
Consumers have been indulging in festive snacking and gifting for Diwali, encouraged by companies offering affordable gift packs and food hampers despite inflation concerns
 "Inflation fails to dim Diwali spirit as brands curate affordable hampers")
Strong demand for premium products persists despite inflation pressures
Amid shifting retail dynamics driven by India's quick commerce boom, premium products are moving off shelves faster across all channels
 "Strong demand for premium products persists despite inflation pressures")
Inflation debate: Current target holds merit, but 4% midpoint needs teeth
In inflation-averse Indian polity, people complain about high inflation and high prices all the time. Thus, there may also be handsome electoral dividends from low inflation
 "Inflation debate: Current target holds merit, but 4% midpoint needs teeth")
Urban demand stress under watch, festivals may boost consumption: FinMin
H1FY25 growth driven by rural demand, agriculture, services, and stable external sector
 "Urban demand stress under watch, festivals may boost consumption: FinMin")
Inflation to moderate from 4th quarter but global conflicts pose risks: Das
Balance between inflation & growth is well-poised, the Indian economy reflects a picture of stability and strength, said Shaktikanta Das
 "Inflation to moderate from 4th quarter but global conflicts pose risks: Das")
Inequality, inflation 'structurally corrosive' to growth prospects: Cong
Ramesh shared an article by a noted public finance economist and said it revealed issues that were a further cause for concern
 "Inequality, inflation 'structurally corrosive' to growth prospects: Cong")
Core inflation in Japan's capital slips below BOJ's target in October
BOJ Governor Kazuo Ueda has said the bank will keep raising rates if inflation remains on track to stably hit 2 per cent as it projects
 "Core inflation in Japan's capital slips below BOJ's target in October")