Page 32 - Latest Updates on Inflation
Bank of England raises interest rate to new 15-year high to fight inflation
The Bank of England raised its main interest rate on Thursday to a fresh 15-year high as it tries to bring down persistently high inflation
 "Bank of England raises interest rate to new 15-year high to fight inflation")
Fitch downgrades US' rating: How soon can the markets recover?
Stock markets, analysts suggest, are impacted by unexpected events and see a knee-jerk reaction. When market valuations are high, the sell-off, they say, will be sharp
 "Fitch downgrades US' rating: How soon can the markets recover?")
Erratic rainfall may lead to higher inflation in near term: BoB research
"This is expected to translate into a higher inflation in the near term, as IMD expects El Nino conditions will develop in the middle of the monsoon period", the report said
 "Erratic rainfall may lead to higher inflation in near term: BoB research")
Short-term inflation in Pak stays above 29% as electricity, LPG price hikes
The short-term inflation on a week-on-week basis measured by the Sensitive Price Index (SPI), rose 3.73 per cent which marks the highest increase in the past two months
 "Short-term inflation in Pak stays above 29% as electricity, LPG price hikes")
How should Japan respond to inflation?
Japan should view today's inflation as an opportunity to break its deflationary equilibrium and raise inflation expectations
 "How should Japan respond to inflation?")
Vegetables in India to stay expensive for longer on erratic monsoon
Vegetables prices, which have a 6% weighting in the overall consumer price index (CPI), hit a seven-month high in June, rising 12% month-on-month, official data shows
 "Vegetables in India to stay expensive for longer on erratic monsoon")
Fed hikes rates to highest level in 16 years at 5.25%-5.5% citing inflation
The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and the accompanying policy statement left the door open to another increase
 "Fed hikes rates to highest level in 16 years at 5.25%-5.5% citing inflation")
Q1 a washout, exporters pin hope on North America for a turnaround
Slowdown in key economies, as well as geopolitical tensions resulted in sluggish demand for Indian goods
 "Q1 a washout, exporters pin hope on North America for a turnaround")
Inflation bites off Jubilant Food's Q1 profit; analysts serve earnings cut
What's also worrying the Street is the likelihood of a dismal Q2FY24 performance, which they feel will be marred by soaring milk, cheese and vegetable prices, and an embargo on Ukraine's wheat exports
 "Inflation bites off Jubilant Food's Q1 profit; analysts serve earnings cut")
UK's high food inflation not driven by weak competition: Regulator
UK food price inflation reached its highest since 1977 in March at more than 19%, according to official data
 "UK's high food inflation not driven by weak competition: Regulator")
ITC hits new high on heavy volumes; enters Rs 6-trillion market cap club
FPIs increased their stake in ITC to 14.51 per cent at the end of the June quarter, up from 14.21 per cent seen at the end of March quarter
 "ITC hits new high on heavy volumes; enters Rs 6-trillion market cap club")
World's cheapest Domino's pizza is in inflation-hit India, costs just $0.60
The 49-rupee ($0.60) pizza in India, Domino's No.1 market outside America, is the tip of the spear in its fight against rampant inflation that's squeezing profits and pricing out many customers
 "World's cheapest Domino's pizza is in inflation-hit India, costs just $0.60")
UK inflation slows sharply, offering some relief to Bank of England
Bank Rate peaking at 6% is no longer fully priced, which had been the case on Tuesday
 "UK inflation slows sharply, offering some relief to Bank of England")
Markets are at starting point of a mid-to-long term bull run: Ajit Banerjee
The mid and small caps look a bit heated up from a near-term perspective. The earning yields of mid and small-cap stocks on a trailing 12-month basis are higher than that of largecaps
 "Markets are at starting point of a mid-to-long term bull run: Ajit Banerjee")
Britain's food industry thinks worst inflation is over as costs stabilise
Britain's overall rate of inflation has remained stubbornly high this year. Economists expect it to dip to 8.2% on Wednesday
 "Britain's food industry thinks worst inflation is over as costs stabilise")
Janet Yellen sees disinflation pressures at work as hiring surge fades
The improvement in US inflation trends has contrasted with suggestions of outright deflationary risks in China
 "Janet Yellen sees disinflation pressures at work as hiring surge fades")
MoSPI kicks off work for CPI base revision after over a decade: Report
This is the first time the ministry is revising the base in over a decade. Currently, the base year for calculations of CPI is 2011-12
 "MoSPI kicks off work for CPI base revision after over a decade: Report")
Fight against inflation far from over as food price spikes: RBI bulletin
Surging food prices accelerated India's annual retail inflation rate to 4.81% in June, snapping four months of easing and erasing any chance of a rate cut this year
 "Fight against inflation far from over as food price spikes: RBI bulletin")
WPI inflation declines to -4.12% in June on easing prices of food
The wholesale price index (WPI) based inflation in May was (-) 3.48 per cent. In June last year, it was 16.23 per cent
 "WPI inflation declines to -4.12% in June on easing prices of food")
The policy inversion
With global economic policy preferences being the opposite of those seen after the 2008-09 crisis, so should be the implications
 "The policy inversion")