Page 16 - Latest Updates on Inflation
US inflation broadly cools in encouraging sign for Federal Reserve
The so-called core consumer price index - which excludes food and energy costs - climbed 0.2% from April, Bureau of Labor Statistics figures showed
 "US inflation broadly cools in encouraging sign for Federal Reserve")
Fed likely to scale back plans for rate cuts as inflation persists
The Fed's rate policies typically have a significant impact on the costs of mortgages, auto loans, credit card rates and other forms of consumer and business borrowing
 "Fed likely to scale back plans for rate cuts as inflation persists")
Govt bond yields flattish with eyes on inflation data, US Fed guidance
The central bank will auction treasury bills worth Rs 12,000 crore ($1.44 billion) later in the day
 "Govt bond yields flattish with eyes on inflation data, US Fed guidance")
Pakistan cuts benchmark interest rate for first time in four years
The State Bank of Pakistan reduced the target rate by 150 basis points to 20.50 per cent, compared to a median estimate for a 100 basis point cut. Only two economists predicted the decision
 "Pakistan cuts benchmark interest rate for first time in four years")
Modi 3.0: Agri reforms, food inflation key challenges for new govt
Increased production of pulses, oilseeds, and cereals will help boost domestic supplies and contribute to keeping inflation low in the coming months
 "Modi 3.0: Agri reforms, food inflation key challenges for new govt")
In first in 3 months, Fed dot plot set to offer glimpse of rate-cut resolve
A 41 per cent plurality of economists expect the US Fed to signal two cuts in the closely watched dot plot, while an equal number expect the forecasts to show just one or no cuts at all
 "In first in 3 months, Fed dot plot set to offer glimpse of rate-cut resolve")
Retail inflation for industrial workers declines to 3.87% in April
"Year-on-year inflation for the month of March, 2024 stood at 4.20% as compared to 5.79 % in March, 2023," a labour ministry statement said
 "Retail inflation for industrial workers declines to 3.87% in April")
German central bank warns of inflation, lowers growth forecast for 2024
The warning from Europe's biggest economy is likely to reinforce expectations that interest rates can only come down slowly. Inflation has fallen from double-digit territory in late 2022
 "German central bank warns of inflation, lowers growth forecast for 2024")
RBI's Monetary Policy Committee second meeting of FY25 from June 5-7
A poll by Bloomberg revealed that economists expected the India's central bank to maintain the repo rate at 6.5 per cent for the eight consecutive time
 "RBI's Monetary Policy Committee second meeting of FY25 from June 5-7")
US inflation increases moderately in April, consumer spending slows
The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department's Bureau of Economic Analysis said on Friday, matching the unrevised gain in March
'Climate shocks' add uncertainty to inflation outlook: RBI annual report
Central bank highlights trading risks and, high reliance on bulk deposits of banks
German inflation higher than expected ahead of ECB rates decision
Economists will pay close attention to the data ahead of the release of inflation figures from the wider euro zone on Friday
Bank of Japan's underlying inflation measures all fall below 2% in April
The weighted median inflation rate, among the three indicators closely watched as a gauge on whether price rises are broadening
 "Bank of Japan's underlying inflation measures all fall below 2% in April")
Sri Lanka holds rates to control inflation, foster economic stability
Incoming data suggests that headline inflation is likely to be below the targeted level of 5 per cent in the upcoming months
 "Sri Lanka holds rates to control inflation, foster economic stability")
BOJ to proceed cautiously with inflation targeting frameworks: Ueda
'While many of the challenges we face are similar to those encountered by our counterparts, some are uniquely difficult for us,' the BOJ chief added
 "BOJ to proceed cautiously with inflation targeting frameworks: Ueda")
Consensus growing on rate cut as inflation diminishes: ECB's Panetta
Panetta has said inflation is showing a common underlying trend as it is declining in all major economic areas and that risks to financial stability have reduced
 "Consensus growing on rate cut as inflation diminishes: ECB's Panetta")
I-T dept notifies cost inflation index for FY25 to compute capital gains
It is popularly used to calculate 'indexed cost of acquisition', while calculating capital gains at the time of sale of any capital asset
 "I-T dept notifies cost inflation index for FY25 to compute capital gains")
UK inflation falls to 2.3%, lowest in 3 years but still above BoE's target
The Office for National Statistics said inflation, as measured by the consumer prices index, fell to 2.3 per cent in the year to April, down from 3.2 per cent in March
 "UK inflation falls to 2.3%, lowest in 3 years but still above BoE's target")
UK inflation drops less than expected, dashing June rate cut hopes
Consumer prices rose by an annual 2.3 per cent last month, down sharply from a 3.2 per cent increase in March
 "UK inflation drops less than expected, dashing June rate cut hopes")
US Fed's Waller sees some progress on inflation, says no rate hike needed
"The economy now seems to be evolving closer to what the Committee expected," Waller said, referring to the central bank's policy-setting Federal Open Market Committee
 "US Fed's Waller sees some progress on inflation, says no rate hike needed")