Page 27 - Latest Updates on Inflation
Inflation woes nix chances of India yield curve steepening: Traders
The government bond yield curve has remained flat for the past few weeks, with the four- and five-year yields at around 7.25% and the 10-year benchmark bond yield at 7.23%
 "Inflation woes nix chances of India yield curve steepening: Traders")
Retaining retail inflation at 4% an unaccomplished dream since 2019-20
The target was achieved in the first two and a half years of implementing inflation targeting in Oct 2016, but the inflation rate remained above the goal
 "Retaining retail inflation at 4% an unaccomplished dream since 2019-20")
Pakistan's inflation rises to 31.4% in Sept amid high energy prices
Interest rates also risen to their highest at 22%, and Pak rupee hit all-time lows in Aug before recovering in Sept to become best performing currency following clampdown on unregulated FX trade
 "Pakistan's inflation rises to 31.4% in Sept amid high energy prices")
Expects it to be appropriate to raise rates further: US Fed Governor
Bowman, in prepared remarks to a banking conference, said inflation remains too high and expects progress in lowering it to be slow "given the current level of monetary policy restraint."
 "Expects it to be appropriate to raise rates further: US Fed Governor")
Oil pares gains ahead of US Fed's comments on interest rate moves
U.S. West Texas Intermediate crude futures were largely steady, up just 12 cents to $90.91 a barrel, after also jumping more than a $1 in earlier trading, and after losing 92 cents on Friday
 "Oil pares gains ahead of US Fed's comments on interest rate moves")
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%