Page 28 - Latest Updates on Inflation
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")
ECB hikes key interest rate to record high even as recession threat grows
Thursday's decision raises the ECB's benchmark deposit rate to 4%, up drastically from minus 0.5% just a little more than a year ago and the highest since the euro was established in 1999
 "ECB hikes key interest rate to record high even as recession threat grows")
Fitch retains India's growth forecast at 6.3%, flags inflation risks
"The Indian economy continues to show resilience despite tighter monetary policy and weakness in exports, with growth outpacing other countries in the region," Fitch said
 "Fitch retains India's growth forecast at 6.3%, flags inflation risks")
Oil prices rises as expected supply cuts offset inflation concerns
The continuing supply cuts could lift Brent futures above the $100 a barrel threshold before the end of the year, Bank of America analysts said on Wednesday
 "Oil prices rises as expected supply cuts offset inflation concerns")
US CPI gauge accelerates 1st time in 6 months, making room for fed hike
The so-called core consumer price index, which excludes food and energy costs, advanced 0.3% from July, the first acceleration in six months, Bureau of Labor Statistics data showed Wednesday
 "US CPI gauge accelerates 1st time in 6 months, making room for fed hike")
Is India overestimating inflation as it is skewed to food and beverages?
The work on appropriate weights of various items could be completed once the household consumption expenditure survey is out
 "Is India overestimating inflation as it is skewed to food and beverages?")
Delhi govt's free services schemes provided relief from inflation: Kejriwal
Retail inflation in India declined to 6.83 per cent in August after touching a 15-month high of 7.44 per cent in July, mainly due to softening prices of vegetables
 "Delhi govt's free services schemes provided relief from inflation: Kejriwal")
Gas prices likely pushed up inflation in Aug, other costs probably slowed
The consumer price index is projected to have increased 3.6% last month from a year earlier, according to economists' forecasts compiled by data provider FactSet
 "Gas prices likely pushed up inflation in Aug, other costs probably slowed")
Wall Street dips, the dollar strengthens ahead of key inflation data
One week from today, the central bank is due to convene its two-day policy meeting, at which the Fed is broadly expected to let current key interest rates stand
 "Wall Street dips, the dollar strengthens ahead of key inflation data")
India's inflation higher than peers; global prices hit a two-year low
Downward pressure on food as global prices hit a two-year low
 "India's inflation higher than peers; global prices hit a two-year low")
Inflation likely to be cooled in August, but still above RBI target range
Erratic monsoon rains have ruined some crops of staple food items, prompting the government to subsidise vegetable prices and ban exports of some cereals, providing temporary relief to households
 "Inflation likely to be cooled in August, but still above RBI target range")
British businesses plan lowest price rises since February 2022: BoE
Businesses surveyed in the three months to August expected to raise prices by 4.9% over the coming year, the smallest percentage since February 2022 when Russia invaded Ukraine
 "British businesses plan lowest price rises since February 2022: BoE")
Tomato prices pushed cost of vegetarian thali up 24% in August: CRISIL
For non-veg thali, the cost was up 13 per cent. It was lower than that of a veg thali owing to a marginal rise in broiler prices
 "Tomato prices pushed cost of vegetarian thali up 24% in August: CRISIL")
Acharya's wish: RBI needs to deliver 4% retail inflation year after year
Reminds analysts, bond markets that inflation target is 4% and not 6%
 "Acharya's wish: RBI needs to deliver 4% retail inflation year after year")
Credit demand to remain robust, to clock about 14% growth: SBI chairman
YONO 2.0 rollout by FY24-end; app fetches Rs 100 crore in fee income every qtr
 "Credit demand to remain robust, to clock about 14% growth: SBI chairman")
Aug inflation number likely to remain high, moderation expected from Sept
Inflation is expected to start moderating from September onwards due to fall in prices of vegetables like tomatoes, restrictions imposed on the export of non-basmati rice
 "Aug inflation number likely to remain high, moderation expected from Sept")