Page 33 - Latest Updates on Inflation
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
Inflation likely rose to 4.58% in June on higher food prices: Reuters poll
"We believe the RBI will tolerate a supply-side driven rise in food inflation as long as core price pressures continue to ebb within the bank's tolerance band," said Alexandra Hermann
Soaring vegetable prices can tip delicate inflation balance: Economists
However, if the spike in vegetable prices sustains, it could push July inflation towards 6%, said Gaura Sen Gupta, an economist at IDFC First Bank
There's more pain ahead for S&P 500 as profit warnings loom, say investors
The biggest negative for the earnings season will be the impact of further tightening of financial conditions, said 42% of respondents
 "There's more pain ahead for S&P 500 as profit warnings loom, say investors")
Varanasi grocer hires bouncers to guard tomatoes as prices continue to soar
Fauji, who is selling tomatoes at Rs 140-160 per kg, has bouncers deployed at his cart from 9 am to 5 pm
 "Varanasi grocer hires bouncers to guard tomatoes as prices continue to soar")
Crypto wrap: Market highly volatile amid mixed signals from macro data
In the last few weeks, the market was witnessing a bull run after the news emerged of several big entities showing their interest in Bitcoin but in the later part of the week, the market saw a sell-of
 "Crypto wrap: Market highly volatile amid mixed signals from macro data")
UN world food price index hit almost 2 years low at 122.3 points in June
The Food and Agriculture Organization's (FAO) price index, which tracks the most globally-traded food commodities, averaged 122.3 points in June
 "UN world food price index hit almost 2 years low at 122.3 points in June")
No respite, tomato price further shoots up to Rs 162/kg in many parts
A maximum rate of Rs 162 per kg was quoted in Shahjahanpur in Uttar Pradesh, while the minimum rate was Rs 31 per kg in Churu district of Rajasthan, the data showed
Central banks set to diverge on rates as stubborn inflation stalks Fed, ECB
With another hike in interest rates anticipated by the Federal Reserve and the European Central Bank for July, and some peers on a similar track
 "Central banks set to diverge on rates as stubborn inflation stalks Fed, ECB")
Consumer demand revival may take one more year despite moderating inflation
RBI's MPC said going forward, the inflation trajectory would be guided by food dynamics
 "Consumer demand revival may take one more year despite moderating inflation")
Tomato prices will cool down in next 15 days; normalise in a month: Govt
Consumer Affairs Secretary Rohit Kumar Singh, in a media briefing, also said the retail prices of tomato in the national capital will come down immediately on improved supplies from Solan and Sirmaur
 "Tomato prices will cool down in next 15 days; normalise in a month: Govt")
Europe inflation falls to 5.5%, but that won't stop ECB rate hikes
The annual rate of 5.5% was down from 6.1% in May in the 20 countries that use the euro currency, the European Union statistics agency Eurostat said
 "Europe inflation falls to 5.5%, but that won't stop ECB rate hikes")