Page 25 - Latest Updates on Inflation
Far-right Milei wins Argentina presidential elections amid inflation rage
Provisional results so far show Milei with over 55 per cent of votes (13,781,154) with more than 94 per cent of votes counted
 "Far-right Milei wins Argentina presidential elections amid inflation rage")
Increase in gas prices drives short-term inflation to 42% in Pakistan
The Pakistan Bureau of Statistics (PBS) said the inflation reading stood at 41.9 per cent for the week ending November 16
 "Increase in gas prices drives short-term inflation to 42% in Pakistan")
Food inflation remains above comfort level, despite easing of CPI: Official
Food inflation, which accounts for nearly half of the overall consumer price basket, was 6.61% in October
 "Food inflation remains above comfort level, despite easing of CPI: Official")
Rishi Sunak hits inflation target amid Suella Braverman's scathing attack
We have halved inflation, meeting the priority I set out in January, said Sunak in a statement
 "Rishi Sunak hits inflation target amid Suella Braverman's scathing attack")
Nine states record higher inflation rates compared to national average
Among the advanced economies, only the UK has recorded higher prices compared to India
 "Nine states record higher inflation rates compared to national average")
Rupee little changed as RBI support aids, inflation data in focus
While state-run banks were supplying dollars in the spot market even on Monday, traders said it was difficult to ascertain whether it was for their clients or for the RBI
 "Rupee little changed as RBI support aids, inflation data in focus")
FMCG industry logs 8.6% volume growth in Q2 on easing inflation: NielsenIQ
When inflation was at a record high, the FMCG industry had a high price-led growth in the last 5-6 quarters, though the volume was under stress
 "FMCG industry logs 8.6% volume growth in Q2 on easing inflation: NielsenIQ")
Bonds are looking attractive and set to beat cash, says Goldman Sachs
Goldman Sachs strategists see 10-year Treasury yields at around 4.6 per cent over the next 12 months, just below their current level after this week's sharp fall
 "Bonds are looking attractive and set to beat cash, says Goldman Sachs")
Low demand drags India's services PMI to seven-month low in October
The survey also mentioned that services companies in India reported an increase in their expenses in October due to higher food, fuel, and staff costs
 "Low demand drags India's services PMI to seven-month low in October")
Pakistan's October consumer inflation declines to 26.9%: Statistics Bureau
This brings the average inflation rate for the fiscal year (July-Oct) to 28.48%, against the target of 21% for the current fiscal year. Inflation has been in double digits since November 2021
Inflation in Europe region eased to 2.9% in October on lower fuel prices
But that encouraging news was balanced by official figures showing economic output in the 20 countries that use the euro shrank by 0.1% in the July-September quarter
 "Inflation in Europe region eased to 2.9% in October on lower fuel prices")
Never seen this kind of alignment in banks: KV Kamath at the BS BFSI Summit
Kamath said that he has 'no sympathies' for organisations complaining of not having enough people in a country like India
 "Never seen this kind of alignment in banks: KV Kamath at the BS BFSI Summit")
No policy for troubled times: Does inflation targeting really work?
On the evidence at hand, inflation targeting works only when the world economy is normal, and demand swings up and down in small cycles that monetary policy tackles, writes T N Ninan
 "No policy for troubled times: Does inflation targeting really work?")
Chhattisgarh reins in inflation at reasonable rates among poll-bound states
If the first six months of this financial year are taken into account, it was high inflation in Mizoram too though a bit less than the national average.
 "Chhattisgarh reins in inflation at reasonable rates among poll-bound states")
Food insecurity shot up last year with inflation, end of Covid aid: Report
Analysts and food security professionals point to the dual impact last year of high inflation and the gradual expiration of multiple pandemic-era government assistance measures
 "Food insecurity shot up last year with inflation, end of Covid aid: Report")
Demand, supply mismatch pushing up vegetable inflation frequently: CRISIL
A study by rating agency Crisil found that vegetable inflation has been the most volatile in the food category, in fact.
 "Demand, supply mismatch pushing up vegetable inflation frequently: CRISIL")
4% inflation focus may not signal 'higher for longer' rates: MPC members
"The focus, therefore, naturally shifts to the next stage of bringing the inflation to the target level," said Varma, adding that there is no ambiguity in the eventual inflation goal of 4%
 "4% inflation focus may not signal 'higher for longer' rates: MPC members")
Strengthening US dollar is a global risk: RBI's state of the economy report
"The Indian rupee has also exhibited low volatility and orderly movements relative to peers, in spite of the elevated US treasury yields and a stronger dollar," the RBI report says
 "Strengthening US dollar is a global risk: RBI's state of the economy report")
Inflation in UK unchanged at 6.7% in Sept, still way more than BoE's target
The flat reading reported by the Office for National Statistics was disappointing as most economists had predicted another, albeit modest, fall
 "Inflation in UK unchanged at 6.7% in Sept, still way more than BoE's target")
Wholesale inflation hits 6 month high in Sept but stays in negative
Food inflation decreased significantly to 3.35 per cent in September from 10.6 per cent in August
 "Wholesale inflation hits 6 month high in Sept but stays in negative")