Page 21 - Latest Updates on Inflation
JPMorgan's CEO urges US Fed to wait past June before cutting rates
Markets see an 84% probability the Fed will lower rates in June and have priced in 90 basis points of cuts for the year
 "JPMorgan's CEO urges US Fed to wait past June before cutting rates")
China's consumer prices up first time in 6 months on Lunar New Year gains
The consumer price index (CPI) climbed 0.7% year-on-year in February, data from the National Bureau of Statistics (NBS) showed on Saturday
 "China's consumer prices up first time in 6 months on Lunar New Year gains")
ECB keeps rate unchanged at 4%, may cut in June with 2% inflation in sight
The ECB's latest quarterly outlook offered strong encouragement, putting inflation at 2.3% this year and revising the 2025 forecast down to 2%. For 2026, it's still seen at 1.9%
 "ECB keeps rate unchanged at 4%, may cut in June with 2% inflation in sight")
Feb consumer price inflation forecast to edge down to 4-month low: Poll
Rises in food prices, which make up almost half of the consumer price index (CPI) basket and experience sharp swings often due to uneven monsoons, have recently outpaced overall inflation
 "Feb consumer price inflation forecast to edge down to 4-month low: Poll")
Key issues like unemployment, inflation find no place in media: Rahul
Gandhi claimed the media was busy covering the marriage in the Ambani family but has no time to cover key issues
 "Key issues like unemployment, inflation find no place in media: Rahul")
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
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")