Page 13 - Latest Updates on Inflation
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")
Can't risk another bout of inflation, need cautious approach: RBI minutes
The MPC, which consists of three Reserve Bank of India (RBI) and three external members, had kept the repo rate unchanged at 6.50 per cent for a tenth straight policy meeting
 "Can't risk another bout of inflation, need cautious approach: RBI minutes")
Global fight against high inflation is 'almost won': IMF chief economist
In its latest assessment of the global economy, the IMF predicted that worldwide inflation will cool from 6.7 per cent last year to 5.8 per cent this year and to 4.3 per cent in 2025
 "Global fight against high inflation is 'almost won': IMF chief economist")
Everyone wants to do business with India due to strong fundamentals: Goyal
He said that inflation is under control, foreign exchange reserves crossed $ 700 billion and the country is recording healthy economic growth rates
 "Everyone wants to do business with India due to strong fundamentals: Goyal")
ECB set for second straight rate cut as euro zone economy stagnates
A quarter-point cut on Thursday would lower the rate that the ECB pays on banks' deposits to 3.25 per cent and money markets almost fully price in three further reductions through next March
 "ECB set for second straight rate cut as euro zone economy stagnates")
British inflation sends pound below $1.30, dollar firm on Fed outlook
The pound dropped to as low as $1.2984, dipping under the $1.30 level for the first time since Aug. 20, after data showing the rate of annual consumer price inflation dropped to 1.7 per cent in Sep
 "British inflation sends pound below $1.30, dollar firm on Fed outlook")
Inflation may align with target in FY26: RBI Deputy Governor Patra
Patra says climate, tech risks seen as a threat to inflation-targeting
 "Inflation may align with target in FY26: RBI Deputy Governor Patra")
Retail inflation projected to average 4.5% in 2024-25: RBI DG Patra
The government has tasked the Reserve Bank of India to ensure that consumer price index (CPI) based retail inflation at 4 per cent with a tolerance band of +/- 2 per cent around it
RBI policy of not allowing crypto is a good approach: Amiyatosh Purnanandam
He said that the government needs to incentivize good long term risk taking by banks to push private investments
 "RBI policy of not allowing crypto is a good approach: Amiyatosh Purnanandam")
Corporate earnings, inflation data key factors to drive markets: Analysts
Moreover, markets would also focus on movement in crude oil prices amid geopolitical tensions, experts added
 "Corporate earnings, inflation data key factors to drive markets: Analysts")
Retail inflation in September likely overshot RBI's 4% target: Poll
Food items, especially vegetables and other perishables, which make up a significant share of overall household spending in the country, saw an uptick in prices
 "Retail inflation in September likely overshot RBI's 4% target: Poll")
RBI's shift to neutral stance suggests rate cut likely in December
Uncertainty remains elevated on a number of fronts, not least on the path for food inflation and external tensions
 "RBI's shift to neutral stance suggests rate cut likely in December")
Greater confidence that inflation moderating in Q3...but risks remain: Das
We have to be very careful because there is every chance that inflation will simply bolt again, says Das
 "Greater confidence that inflation moderating in Q3...but risks remain: Das")
Wait and watch: Geopolitical threats to inflation outcomes have increased
Crises in West Asia and consequent volatility in prices of petrochemicals have historically led to inflation spikes and broader economic instability in India
 "Wait and watch: Geopolitical threats to inflation outcomes have increased")
RBI monetary policy preview: Expecting more nimble and prudent guidance
CPI-based inflation is expected to broadly align near the RBI's projection of 4.5% in 2024-25, despite perishable food price shock due to repeated weather aberrations
 "RBI monetary policy preview: Expecting more nimble and prudent guidance")
World Food Price Index registers biggest increase since March 2022
An index of food-commodity prices created by the United Nations' Food and Agriculture Organization rose to the highest level since August last year, according to data released
RBI faces a delicate balancing act ahead of key monetary policy meet
It will be important for monetary policy not to inadvertently accentuate asset price inflation, financial exuberance and the associated financial stability risks that come with it
 "RBI faces a delicate balancing act ahead of key monetary policy meet")
Has there been a slowdown in money supply after inflation targeting?
Apprehensions have been expressed in public domain of a slowdown in money supply on the back of an inadequate reserve money expansion and this could play a role in growth slowdown
 "Has there been a slowdown in money supply after inflation targeting?")
Retail inflation for industrial workers inches up at 2.44% in August
Retail inflation for industrial workers inched up marginally to 2.44 per cent in August against 2.15 per cent in July this year.
 "Retail inflation for industrial workers inches up at 2.44% in August")