Page 35 - Latest Updates on Inflation
'RBI need not rush to ease rates unless certain of stable-low inflation'
Bhide's comments echo that of Governor Shaktikanta Das that a pivot can be considered when price-gains settle near the mid-point of its 2%-6% range on a durable basis
 "'RBI need not rush to ease rates unless certain of stable-low inflation'")
BIS warns the world economy at critical juncture in inflation fight
Despite relentless rate hikes over last 18 months, inflation in many top economies remains high, while jump in borrowing costs triggered serious banking collapses since financial crisis 15 years ago
 "BIS warns the world economy at critical juncture in inflation fight")
Inflation is slowing down personal consumption expenditure: RBI report
Even if the central bank has not ruled out further interest rate hikes, bank lending and deposit rates have started to soften
 "Inflation is slowing down personal consumption expenditure: RBI report")
Inflation is slowing down personal consumption expenditure: RBI paper
The Reserve Bank, however, said the views expressed in the bulletin articles are of the authors and do not represent the views of the Reserve Bank of India
 "Inflation is slowing down personal consumption expenditure: RBI paper")
Rate hikes depend on India's inflation, not Fed, say external MPC members
Domestic markets have been concerned about India being pressured to follow the US Federal Reserve in raising rates to ensure that a too-narrow rate differential does not restrict dollar inflows
 "Rate hikes depend on India's inflation, not Fed, say external MPC members")
Interest rate hikes echo globally as inflation proves unrelenting
Swiss officials showed they're not ready to call time on monetary action either, even with inflation near 2%
 "Interest rate hikes echo globally as inflation proves unrelenting")
RBI governor Das says job half done as MPC focuses on 4% inflation target
External members, however, point out high real rate, minutes show
 "RBI governor Das says job half done as MPC focuses on 4% inflation target")
UK inflation steady at 8.7% against forecasts, BoE set to raise rates
CPI across UK was unchanged at 8.7% against expectations for modest decline, official figures showed on Wednesday, a development that is set to see Bank of England raise the cost of borrowing again
 "UK inflation steady at 8.7% against forecasts, BoE set to raise rates")
Intense El Nino may push inflation up by 15-20 basic points, say experts
A deficient monsoon could push food inflation by 50-60 basis points; it is likely to have lower than 50 bps impact on headline inflation that the RBI talks about as potential negative impact
 "Intense El Nino may push inflation up by 15-20 basic points, say experts")
Wages are finally rising in Japan, as inflation eats away at consumer gains
Wages have languished since Japan's financial bubble burst in the 1990s, and the economy has stagnated
 "Wages are finally rising in Japan, as inflation eats away at consumer gains")
Export growth still depends on demand in Europe, North America
The government is pinning its hopes on increased investment that its Production Linked Incentives (PLI) scheme may attract
 "Export growth still depends on demand in Europe, North America")
Govt reform measures helping Indian economy to grow at faster pace: Goyal
The commerce and industry minister also said that the government has managed the rate of inflation in single digits
 "Govt reform measures helping Indian economy to grow at faster pace: Goyal")
Inflation in Italy still exceeds eurozone level for 8th consecutive month
The last time prices rose at a higher rate in the eurozone than in Italy was in September 2022, when the rates were 9.9 per cent and 8.9 per cent, respectively
 "Inflation in Italy still exceeds eurozone level for 8th consecutive month")
With falling inflation, stock markets about to hit 52 week high levels
With falling inflation, and healthy economic numbers, the two Indian stock markets opened and closed at a higher note on Friday and are near their 52 week high levels
 "With falling inflation, stock markets about to hit 52 week high levels")
Delayed monsoon can impact inflation, expect CPI at 5.2%: Deutsche Bank
The rainfall is 53 per cent below the normal so far and the arrival of the southwest monsoon has been delayed across the country, leading to late sowing of the summer crop
 "Delayed monsoon can impact inflation, expect CPI at 5.2%: Deutsche Bank")
Bank of Japan keeps low rates and dovish guidance, markets not so sure
Central bank reiterated its view that inflation will slow later this year and pledge to "patiently" sustain stimulus
 "Bank of Japan keeps low rates and dovish guidance, markets not so sure")
Why not pass benefits to people despite negative WPI: Cong to Centre
The Congress on Friday questioned the Centre that despite a negative wholesale price Index (WPI), why wasn't the people benefiting out of it
 "Why not pass benefits to people despite negative WPI: Cong to Centre")
Turkey to continue monetary disciplines, market rules to tackle inflation
Turkish Vice President Cevdet Yilmaz said that the govt would maintain existing monetary disciplines and follow free market rules while raising overall economic competitiveness to curb inflation
 "Turkey to continue monetary disciplines, market rules to tackle inflation")
Inflation tops expectations in Sweden. Experts say Beyonce is to blame
Data from the Swedish govt showed that the high inflation in May was primarily driven by a rise in hotel and restaurant prices in the country; experts say it was due to Beyonce's Renaissance tour
 "Inflation tops expectations in Sweden. Experts say Beyonce is to blame")
Haryana tops in inflation, unemployment, crime: Ex-CM Bhupinder Hooda
Reacting to the report, Hooda said inflation in the state has become so alarming that it has crossed the highest level fixed by the Reserve Bank of India (RBI), along with all states
 "Haryana tops in inflation, unemployment, crime: Ex-CM Bhupinder Hooda")