Page 29 - Latest Updates on Inflation
High interest rates may impact borrowers' debt service capacity: FSB to G20
The FSB has published two letters from its Chair, Klaas Knot, to G20 Leaders ahead of their Summit in New Delhi on September 9-10
 "High interest rates may impact borrowers' debt service capacity: FSB to G20")
RBI committed to bring down inflation to 4%: Governor Shaktikanta Das
The central bank has been mandated by the government to keep inflation at 4 per cent with a margin of 2 per cent on either side
 "RBI committed to bring down inflation to 4%: Governor Shaktikanta Das")
Inflation to remain elevated in near-term, govt policies to prevent it: S&P
In July, the consumer price index based retail inflation spiked to 15-month high of 7.44 per cent in July, with specific food commodities mainly driving the increase
 "Inflation to remain elevated in near-term, govt policies to prevent it: S&P")
Top headlines: India's economy 16.5 yrs behind China, Inflation a key issue
Business Standard brings you the top headlines at this hour
 "Top headlines: India's economy 16.5 yrs behind China, Inflation a key issue")
Confident of meeting fiscal deficit, nominal GDP targets: DEA secy
Govt keeping a close watch on some sectors for supply side measures to tame inflation
 "Confident of meeting fiscal deficit, nominal GDP targets: DEA secy")
FPI inflows hit 4-month low at Rs 12,262 cr in Aug on resurfacing inflation
This is the lowest investment in the last four months. Before this investment, FPIs invested over Rs 40,000 crore each in the past three months in Indian equities
 "FPI inflows hit 4-month low at Rs 12,262 cr in Aug on resurfacing inflation")
Pak caretaker PM Anwarul-Haq calls inflated electricity bills 'non-issue'
Kakar also said it was raised by some political parties and was a "tool" in their election campaigns
 "Pak caretaker PM Anwarul-Haq calls inflated electricity bills 'non-issue'")
As IMF reforms kick in, inflation in Pakistan stays high at 27.4%: Report
The inflation rate for food remained high at 38.5 per cent in August, according to figures from Pakistan's statistics department, despite a minor decline from July's 28.3 per cent rate
India's exports increased despite recession, with lowest inflation: Goyal
India's exports increased to $776 billion from 500 billion, two years ago, and this spectacular growth was achieved notwithstanding the recession he said
 "India's exports increased despite recession, with lowest inflation: Goyal")
Fed's inflation gauge shows modest rise in sign of slowing price increases
An inflation gauge closely tracked by the Federal Reserve remained low last month, adding to signs of cooling price increases
 "Fed's inflation gauge shows modest rise in sign of slowing price increases")
Europe's inflation held steady in Aug as CenBank keeps open mind on rates
Another key inflation number so-called core inflation that leaves out volatile fuel and food also eased in August, falling to 5.3% from 5.5%
 "Europe's inflation held steady in Aug as CenBank keeps open mind on rates")
US economic growth for last quarter is revised down to 2.1% annual rate
The American economy the world's largest has proved surprisingly durable in the midst of the Fed's aggressive campaign to stamp out a resurgence of inflation, which last year hit a four-decade high
 "US economic growth for last quarter is revised down to 2.1% annual rate")
Govt likely to focus on motor fuel prices ahead of 2024 polls: Citigroup
The government's decision to reduce liquefied petroleum gas could lower inflation by around 30 basis points, economists Samiran Chakraborty and Baqar M. Zaidi said in a note
 "Govt likely to focus on motor fuel prices ahead of 2024 polls: Citigroup")
Inflation will remain steady in coming months, growth on track: FinMin
Food price inflation rose to 11.5% in July, its highest in more than 3-1/2 years, while India is set to receive its sparsest monsoon rains in eight years
Gas subsidy signals inflation as key plank for upcoming elections
The government said the decision "will bring respite to households across the nation" and "ensure access to essential commodities at reasonable rates"
 "Gas subsidy signals inflation as key plank for upcoming elections")
Only recession can tame West's inflation, says adviser to UK chancellor
While European Central Bank President Christine Lagarde and Powell offered few clues about their next steps at their upcoming decisions, each signaled ongoing concern about prices
 "Only recession can tame West's inflation, says adviser to UK chancellor")
India's farming input inflation saw marginal dip in last few months
WPI-based food inflation remained subdued since November last year, but rose in July, higher than the consumer price index inflation at 11.51 per cent
 "India's farming input inflation saw marginal dip in last few months")
Nationwide protests in Pak gain momentum against inflated electricity bills
Protests against the exorbitant electricity prices have spread across the entire nation, from Karachi to Khyber, and some protests are now turning violent
Seeing green shoots of pickup on volumes as inflation moderates: ITC CMD
This will certainly lead to improvement in volume, but it will not happen overnight, said Sanjiv Puri, CMD, ITC here on the sidelines of the B20 Summit organised by the CII
 "Seeing green shoots of pickup on volumes as inflation moderates: ITC CMD")
Global inflation pressures could become harder to manage in future: Study
The prevalence of such trends across the world could intensify global inflation pressures in the coming years and make it harder for the Federal Reserve and other central banks to meet their inflation