Page 20 - Latest Updates on Inflation
At 4.3% in FY25, inflation may head lower than RBI forecast, estimates CMIE
Cost of housing, tobacco and other intoxicants among those bucking the trend
 "At 4.3% in FY25, inflation may head lower than RBI forecast, estimates CMIE")
Markets hit fresh highs as bulls rejoice GDP boost; Sensex up 1.7%
Nifty sees 6th new high in 2 months
 "Markets hit fresh highs as bulls rejoice GDP boost; Sensex up 1.7%")
European inflation eases to 2.6% on falling energy prices, food inflation
Inflation is now far below its peak of 10.6 per cent in October 2022, which it hit after Russia cut off most supplies of natural gas and sent energy prices through the roof
 "European inflation eases to 2.6% on falling energy prices, food inflation")
Bitcoin barrels to best month since 2020, Wall Street points up after PCE
It is set for its biggest monthly gain in more than three years and at $62,315 in Europe on Thursday is within range of its late 2021 record high just under $69,000
 "Bitcoin barrels to best month since 2020, Wall Street points up after PCE")
US inflation increases in line with June interest rate cut expectations
That was the smallest year-on-year increase since February 2021 and followed a 2.6% advance in December
 "US inflation increases in line with June interest rate cut expectations")
World economy has growing chance of pulling off soft landing: G20
The statement reflects a relatively upbeat view of a global economy that's struggled in recent years to overcome the impact of the pandemic, soaring inflation and a sharp increase in interest rates
 "World economy has growing chance of pulling off soft landing: G20")
Indian economy still growing below its potential, says Jayanth R Varma
Varma says if the economy is not overheating, there is no need of a high real interest rate, which can choke growth
 "Indian economy still growing below its potential, says Jayanth R Varma")
RBI MPC minutes: Caution stays in last leg of fight against inflation
Patra said it was only when the inflation rate subsided and stayed close to the target lastingly that policy restraint could be eased
 "RBI MPC minutes: Caution stays in last leg of fight against inflation")
Premature move on monetary policy could hurt inflation efforts: RBI Guv
He stressed that the MPC must remain committed to successfully navigate the "last mile" of disinflation that can be sticky
 "Premature move on monetary policy could hurt inflation efforts: RBI Guv")
BOJ Governor Kazuo Ueda keeps upbeat view on inflation, wage outlook
He added that Japan was in a "state of inflation," rather than deflation, and is likely to see prices keep rising
 "BOJ Governor Kazuo Ueda keeps upbeat view on inflation, wage outlook")
Higher sales tax drives Sri Lanka inflation to 6.5% in January, shows data
The National Consumer Price Index (NCPI) captures broad retail price inflation and is released with a lag of 21 days every month
 "Higher sales tax drives Sri Lanka inflation to 6.5% in January, shows data")
Canada's rate of inflation slows, boosts bets on early interest rate cut
The January inflation figure "will certainly raise the odds on an April rate cut," said Karl Schamotta, chief market strategist at Corpay
 "Canada's rate of inflation slows, boosts bets on early interest rate cut")
Retail inflation for farm, rural workers eases marginally in January
In December 2023, Consumer Price Index-Agricultural Labourers (CPI-AL) and Consumer Price Index-Rural Labourers (CPI-RL) was 7.71 per cent and 7.46 per cent, respectively
 "Retail inflation for farm, rural workers eases marginally in January")
Recurring food price shocks pose challenges in tackling inflation: Das
RBI Guv Das stressed that stable and low inflation will provide the necessary bedrock for sustainable economic growth
 "Recurring food price shocks pose challenges in tackling inflation: Das")
Moderation in food prices cools WPI to 3 month low of 0.27% in Jan
This is the third consecutive month that the wholesale inflation rate had remained in the positive territory after it had recorded deflation for the major part of the financial year 2024
 "Moderation in food prices cools WPI to 3 month low of 0.27% in Jan")
Government bonds, rupee weaken post higher than expected US inflation data
Now that rate cut expectation in the US is getting postponed. The market's expectation for the Reserve Bank of India (RBI) to ease its liquidity stance is also experiencing delays
 "Government bonds, rupee weaken post higher than expected US inflation data")
Price rise in majority of states and UTs lower than 5.1%, shows data
A total of 12 out of 23 states and UTs recorded inflation lower than the all-India figure of 5.1 per cent
 "Price rise in majority of states and UTs lower than 5.1%, shows data")
US inflation slows, but price pressures are easing only gradually
Tuesday's report from the Labour Department showed that the consumer price index rose 0.3 per cent from December to January, up from a 0.2 per cent increase the previous month
 "US inflation slows, but price pressures are easing only gradually")
ECB needs to start cutting interest rates soon, says Fabio Panetta
"Macroeconomic conditions suggest that disinflation is at an advanced stage, and progress toward the 2% target continues to be rapid," he said on Saturday at the annual Assiom Forex event in Genoa
 "ECB needs to start cutting interest rates soon, says Fabio Panetta")
RBI MPC: Repo rate kept at 6.5%; Q4FY24 inflation forecast lowered to 5%
RBI policy meet: The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged
 "RBI MPC: Repo rate kept at 6.5%; Q4FY24 inflation forecast lowered to 5%")