Page 37 - Latest Updates on Inflation
May services PMI at 61.2 as demand remains resilient amid rising inflation
India's headline figure has been in the expansion zone for 23 months straight since August 2021
 "May services PMI at 61.2 as demand remains resilient amid rising inflation")
MPC likely to hit pause again on repo rate: Business Standard Poll
Most economists see FY24 inflation forecast likely being revised downward to 5% but no change in stance
 "MPC likely to hit pause again on repo rate: Business Standard Poll")
Global food costs at two-year low in May but grocery bills stay high
A United Nations' index of food-commodity prices fell 2.6% in May, as declines in grains, vegetable oil and dairy offset higher sugar and meat costs
 "Global food costs at two-year low in May but grocery bills stay high")
Cause and effect: Are corporate profits fueling inflation globally
As the Federal Reserve continues with hikes, the linkage between corporate profit margins and inflation is blamed for consumer burden
 "Cause and effect: Are corporate profits fueling inflation globally")
Lanka central bank unexpectedly cuts rates by 250 bps as inflation eases
The index peaked at a 69.8% year-on-year surge in September last year. The national inflation rate was at 33.6% in April, easing from 73.7% in September
 "Lanka central bank unexpectedly cuts rates by 250 bps as inflation eases")
Economists predict first rate cut by RBI in 2024 for durable growth
Policy makers from the RBI will meet June 6-8 to deliberate and economists are expecting another hold in rates as the central bank focuses on growth while inflation shows signs of moderating
 "Economists predict first rate cut by RBI in 2024 for durable growth")
Operating environment to remain volatile amid global slowdown: HUL
HUL's outgoing Chief Executive Officer and Managing Director Sanjiv Mehta said the company delivered an impressive performance in 2022-23
 "Operating environment to remain volatile amid global slowdown: HUL")
Growth momentum to hold amid easing inflation, says RBI annual report
At the same time, India's growth momentum is likely to be sustained in FY24 in an atmosphere of easing inflationary pressures, the RBI said in its annual report for 2022-23, released on Tuesday
 "Growth momentum to hold amid easing inflation, says RBI annual report")
Won't let guard down against inflation, says FM Nirmala Sitharaman
Economists expect inflation to fall further towards 4 per cent levels - the medium-term target of the central bank - in May
 "Won't let guard down against inflation, says FM Nirmala Sitharaman")
Inflation rate in India lesser than US, UK, Germany: Union minister Kishan
Asserting that NDA has provided a corruption-free government to the nation in last nine years, Union minister G Kishan Reddy claimed that inflation rate in India was lesser than many other countries
 "Inflation rate in India lesser than US, UK, Germany: Union minister Kishan")
RBI may reduce policy repo rate in fourth quarter of 2024: Oxford Economics
Oxford Economics said RBI may cut key policy rate in fourth quarter of current calendar year as a mix of factors will allow central bank to shift focus and adopt accommodative policy stance sooner
 "RBI may reduce policy repo rate in fourth quarter of 2024: Oxford Economics")
UK's Treasury chief accepts that recession may be imp to lower inflation
Higher borrowing costs are aimed at making it more expensive for individuals and businesses to borrow, which dampens demand in the economy
 "UK's Treasury chief accepts that recession may be imp to lower inflation")
'9 saal, 9 sawaal': Congress asks questions as Modi govt completes 9 years
The document which is titled '9 saal 9 sawaal' lists queries on various subjects which include the economy, corruption, Coronavirus management, and China border row among other things
 "'9 saal, 9 sawaal': Congress asks questions as Modi govt completes 9 years")
Sri Lanka hopes for single digit inflation by year-end: Guv Weerasinghe
The IMF bailout, the 17th in Sri Lanka's history, was approved following prolonged discussions held up over Colombo's unsustainable debt
 "Sri Lanka hopes for single digit inflation by year-end: Guv Weerasinghe")
Germany enters recession as energy prices soared after Ukraine war
First-quarter output shrank 0.3% from the previous three months following a 0.5% drop between October and December, statistics office. Its initial estimate, last month, was for stagnation
 "Germany enters recession as energy prices soared after Ukraine war")
LIVE: 'Blatant affront to democratic ethos,' NDA slams Oppn's decision
Catch live updates from across the globe here
 "LIVE: 'Blatant affront to democratic ethos,' NDA slams Oppn's decision")
Inflation war not over; FY23 growth may top 7%: RBI Guv Shaktikanta Das
'Withdrawal of Rs 2K notes to be completed in non-disruptive manner'
UK inflation falls to lowest in over a year but food prices remain elevated
Official figures show that inflation in the UK has fallen to its lowest level since the immediate aftermath of Russia's invasion of Ukraine, which caused energy and food costs to surge
 "UK inflation falls to lowest in over a year but food prices remain elevated")
War on inflation not over, we have to remain alert: RBI Guv Shaktikanta Das
Das said that India's GDP growth rate in FY23 may come out to be more than earlier predictions of 7%
 "War on inflation not over, we have to remain alert: RBI Guv Shaktikanta Das")
UK economy will avoid recession this year but inflation still a worry: IMF
The British economy will avoid falling into recession this year, according to upgraded growth forecasts Tuesday from the International Monetary Fund.
 "UK economy will avoid recession this year but inflation still a worry: IMF")