Page 26 - Latest Updates on Inflation
Good progress on bringing down inflation, says British PM Rishi Sunak
"Inflation is making people feel poorer, the quicker we bring inflation down the better it is, and that is why it is the right priority, and we are making good progress," Sunak told the BBC
 "Good progress on bringing down inflation, says British PM Rishi Sunak")
Expect status quo on rate and no change in stance
As the festival season approaches, followed by elections, state and national, there will be pressure on liquidity since cash with the public will rise
 "Expect status quo on rate and no change in stance")
US govt shutdown 'unnecessary risk' to economy, says Lael Brainard
"The main story of all the naysayers was that you couldn't get core inflation to come down without a big increase in job destruction. That is not what we've seen," Brainard said
 "US govt shutdown 'unnecessary risk' to economy, says Lael Brainard")
Inflation drops sharply in Europe, but higher crude oil prices loom
The annual rate was 4.3% this month, a drop from 5.2% in August. But recently higher oil prices are casting a shadow over prospects for beating inflation back down to the central bank's target of 2%
 "Inflation drops sharply in Europe, but higher crude oil prices loom")
Retail inflation for industrial workers eases marginally to 6.91% in Aug
The index is compiled for 88 centres and All-India and is released on the last working day of the succeeding month
 "Retail inflation for industrial workers eases marginally to 6.91% in Aug")
DHL Express to hike prices for parcel deliveries by 6.9% from next year
Prices are adjusted on an annual basis, taking into consideration various factors, including inflation, DHL Express said
 "DHL Express to hike prices for parcel deliveries by 6.9% from next year")
ECB looks to leverage AI to better understand inflation after big misses
Joining the masses of firms already using AI, the ECB is now exploring ways to process and analyse millions of data points, including public price data, corporate statistics
 "ECB looks to leverage AI to better understand inflation after big misses")
Inflation a cause of worry for FMCG companies; margins could take a hit
While companies remain cautiously optimistic about demand panning out this year, a dry August has already played spoilsport for demand, especially in rural areas
 "Inflation a cause of worry for FMCG companies; margins could take a hit")
Swift death of the 'Green Consensus'
Countries across the world are scaling back their climate ambitions from the high points of the past few years
 "Swift death of the 'Green Consensus'")
Bank of Japan keeps ultra-loose policy, dovish guidance; yen skids
The BOJ's decision contrasts with those of U.S. and European central banks, which in recent meetings have signalled their resolve to keep borrowing costs high to rein in inflation
 "Bank of Japan keeps ultra-loose policy, dovish guidance; yen skids")
Oil marketing companies likely to feel the heat of high crude oil prices
RIL a likely beneficiary of higher refining margins; ONGC and Oil unlikely to see major change in estimates
 "Oil marketing companies likely to feel the heat of high crude oil prices")
UK inflation in surprise fall in Aug, though BoE still set to raise rates
It said that lower hotel and air fare costs and a moderation in food price rises helped offset an increase in energy prices on the back of higher crude oil prices
 "UK inflation in surprise fall in Aug, though BoE still set to raise rates")
Upward revision: OECD raises India's FY24 GDP growth projection to 6.3%
Also revises inflation projection to 5.3% from 4.8%
 "Upward revision: OECD raises India's FY24 GDP growth projection to 6.3%")
Stabilising core inflation shows easing price pressures in economy: RBI
Vegetable prices eased in August and brought down retail inflation to 6.8%. This is likely to continue in September, the Reserve Bank of India said in its monthly bulletin
 "Stabilising core inflation shows easing price pressures in economy: RBI")
Growth jitters knock global stocks before central bank meeting-packed week
The pan European index slipped 0.5%, dragged down by health care, bank and chip stocks. Societe Generale, France's third-biggest listed bank, saw its shares drop more than 6%
 "Growth jitters knock global stocks before central bank meeting-packed week")
A massive $188 bn exodus shows China's heft fading in world markets
Foreign holdings of the nation's equities and debt have fallen by about 1.37 trillion yuan ($188 billion), or 17%, from a December-2021 peak through the end of June this year
 "A massive $188 bn exodus shows China's heft fading in world markets")
Weekend Bites: FM's wish, 15 yrs since Lehman fell, Taper Tantrum, Apple
In which we munch over the week's platter of news and views
 "Weekend Bites: FM's wish, 15 yrs since Lehman fell, Taper Tantrum, Apple")
Ten years since taper tantrum
If the exogenous pressures were the same across 2013 and 2022, why were outcomes so different across the two episodes?
 "Ten years since taper tantrum")
20% poorest bear maximum brunt of price rise on daily basis: Congress
"Don't talk here and there, talk about the real issues. By talking here and there, Modiji wants to divert the public's attention from 'looting by inflation'," the Congress chief said
 "20% poorest bear maximum brunt of price rise on daily basis: Congress")
Top headlines: Sitharaman says no licence raj, sees buoyancy in economy
Business Standard brings you the top headlines at this hour
 "Top headlines: Sitharaman says no licence raj, sees buoyancy in economy")