Page 33 - Latest Updates on Inflation
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")
Global shares jump on Wall Street's return to highest level in over a year
Hong Kong's Hang Seng surged 2.6% to 19,350.62, while the Shanghai Composite gained 1.3% to 3,236.48, even as China reported a slump in trade in June
 "Global shares jump on Wall Street's return to highest level in over a year")
Tomato is not the villain of the rise in retail inflation in June
The kitchen staple may, however, be responsible for its expected spike in July
 "Tomato is not the villain of the rise in retail inflation in June")
Barclays and Yes Bank raise India's inflation forecast as prices jump
Surging prices of vegetables and pulses pushed up inflation to a three-month high of 4.81% last month, ending four months of moderation
 "Barclays and Yes Bank raise India's inflation forecast as prices jump")
Amid supply chain woes, Tomato prices breach Rs 200 per kg mark in Delhi
On Wednesday, the Centre announced that it will start selling tomatoes at discounted rates in retail markets in the national capital and a few other cities from Friday
 "Amid supply chain woes, Tomato prices breach Rs 200 per kg mark in Delhi")
Higher inflation, oil price to keep RBI on hold; cap market gains: Analysts
Another worry for the RBI and the markets are the monsoons back home (intensity and spatial distribution)
 "Higher inflation, oil price to keep RBI on hold; cap market gains: Analysts")
Top headlines: Disney explores option for India biz, veggie prices soar
Business Standard brings you the latest headlines at this hour
 "Top headlines: Disney explores option for India biz, veggie prices soar")
UK wage growth remains strong, highest since 2001 amid high inflation
The agency's director of economic statistics Darren Morgan said that due to high inflation "the real value of weekly earnings are still falling, although now at its slowest rate since the end of 2021
 "UK wage growth remains strong, highest since 2001 amid high inflation")
India's inflation rate lowest among major countries, says JP Nadda
BJP president JP Nadda said India's inflation rate was the lowest among major countries and asserted those who kept talking about food prices were ones who do not read or write much
 "India's inflation rate lowest among major countries, says JP Nadda")
Egypt inflation rate sets record high at 36.8% in June, official data show
Egypt's annual inflation rate set a record high in June, as the most populous Arab country continues to battle price hikes and a depreciating currency, the Egyptian statistics bureau said Monday