Page 29 - Latest Updates on Inflation
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")
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")