Page 16 - Latest Updates on Inflation
Excluding food from RBI's inflation framework may not have many takers
Headline numbers best communicated to common man; Govt needs to step up supply management
 "Excluding food from RBI's inflation framework may not have many takers")
US inflation rises moderately, consumer spending cools before Fed's meet
The personal consumption expenditures (PCE) price index nudged up 0.1% last month after being unchanged in May, the Commerce Department's Bureau of Economic Analysis reported
 "US inflation rises moderately, consumer spending cools before Fed's meet")
Russia's Central Bank raises key interest rate to 18% as inflation soars
The bank raised the rate by 200 basis points to 18.00%, noting that inflation has accelerated and is developing significantly above its forecast
 "Russia's Central Bank raises key interest rate to 18% as inflation soars")
Open to feedback on tax changes but... read FinMin latest remark on Budget
Union Finance Minister Nirmala Sitharaman's recent remark follows feedback from several experts and salaried individuals who feel that the Budget did not provide sufficient relief to the middle class
 "Open to feedback on tax changes but... read FinMin latest remark on Budget")
Govt prepares for Rs 10,000 crore war chest to fight food inflation
Within the whole inflation basket, food inflation has been stubbornly high
 "Govt prepares for Rs 10,000 crore war chest to fight food inflation")
Neutral rate raised on shift in potential output, says RBI bulletin
Estimate of 1.4-1.9% increase for Q4FY24 sparks debate about possible policy repo rate cut
 "Neutral rate raised on shift in potential output, says RBI bulletin")
Global shipping-market strain revives fear of inflation comeback again
The historic disruption of $25 trillion in global goods trade that culminated two years ago left the deep economic scars of inflation and paranoia about shortages
 "Global shipping-market strain revives fear of inflation comeback again")
Fruit inflation soars: Mangoes up 37%, other summer fruits also affected
Persistent heat and uneven monsoon distribution and a surge in demand have resulted in reduced production of fruits and higher prices
 "Fruit inflation soars: Mangoes up 37%, other summer fruits also affected")
Canada inflation cools more than expected to 2.7% ahead of rate decision
Tuesday's data showed that headline inflation was cooler than the Bank of Canada's 2.9 per cent inflation forecast for the end of the first half of 2024
 "Canada inflation cools more than expected to 2.7% ahead of rate decision")
Consumer price inflation seen up in June due to soaring vegetable prices
Prices of tomatoes, onions, and potatoes - staples in every Indian kitchen - surged by double digits last month as extreme heat, heavy floods in northern states disrupted agricultural production
 "Consumer price inflation seen up in June due to soaring vegetable prices")
Fed officials at last meeting saw price pressures in decline, minutes show
Data released on June 12 showed the CPI had not risen at all in May on a month-to-month basis
 "Fed officials at last meeting saw price pressures in decline, minutes show")
Inflation down in Europe, but ECB in no hurry to cut rates further: Report
But key indicators Tuesday remained at levels that suggest inflation may remain stuck between 2% and 3% for a while yet. Inflation in services prices ran at 4.1%, unchanged from the month before
 "Inflation down in Europe, but ECB in no hurry to cut rates further: Report")
At its lowest level in three years, German inflation eases to 2.5% in June
Economists pay close attention to German inflation data, as the euro zone's biggest economy publishes its figures before the euro zone inflation data release
 "At its lowest level in three years, German inflation eases to 2.5% in June")
Above normal monsoon in 2024 can ease pressure on food prices, says RBI
The report said that in the current economic landscape, several positive factors are contributing to a promising outlook
Silver outlook, June 26: Bias bearish; MCX Sept contract support at Rs 88k
Silver outlook and trading strategy today, June 26, 2024: Spot Silver, at the time of the MCX closing, was trading at $28.90, down 2.45 per cent for the day on Tuesday
 "Silver outlook, June 26: Bias bearish; MCX Sept contract support at Rs 88k")
India's inflation also K-shaped; villagers more hurt by price-rise: HSBC
Rural consumers are more impacted by price-rise than their urban counterparts, economists at HSBC said, adding it outstripped the urban segment by 1.1 percentage point in May
 "India's inflation also K-shaped; villagers more hurt by price-rise: HSBC")
Retail inflations for agricultural, rural workers remain almost flat in May
According to the statement, the point-on-point inflation rate based on CPI-AL was recorded at 7.00 per cent in May 2024, showing a deceleration from 7.03 per cent in April this year
 "Retail inflations for agricultural, rural workers remain almost flat in May")
BoE keeps key interest rate at 16-year high of 5.25% despite inflation fall
The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25 per cent, even though inflation has fallen to its target of 2 per cent.
 "BoE keeps key interest rate at 16-year high of 5.25% despite inflation fall")
Retail sales up 0.1% in May from Apr as still high inflation curbs spending
Excluding gas prices and auto sales, retail sales rose the same amount
 "Retail sales up 0.1% in May from Apr as still high inflation curbs spending")
US retail sales miss expectations in May; April data revised significantly
Inflation and higher interest rates are forcing households to prioritise essentials and cut back on discretionary spending
 "US retail sales miss expectations in May; April data revised significantly")