Page 37 - Latest Updates on Inflation
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")
Core inflation still remains elevated, may not fall below 5% in FY24
The core inflation has remained stuck in the range of 5-6.6 per cent for over two years
 "Core inflation still remains elevated, may not fall below 5% in FY24")
Inflation momentum turning out to be softer than anticipated: RBI report
Q1 GDP to be driven by private consumption, rural demand
 "Inflation momentum turning out to be softer than anticipated: RBI report")
Crisil SME tracker: Inflation to hurt MSME growth in electronics sector
But growth will still be healthy as discounts and lower retail prices will cushion the fall
 "Crisil SME tracker: Inflation to hurt MSME growth in electronics sector")
Economy likely to see downside risks to growth, upside risks to inflation
Economy is likely to see downside risks to growth and upside risks to inflation, partly due to challenges in country's external sector as well as weather-related uncertainties, finance ministry said
 "Economy likely to see downside risks to growth, upside risks to inflation")
Expect RBI to start rate cuts by end of FY24: HDFC Bank chief economist
Abheek Barua said that the Indian economy is expected to grow at 4.4% in the quarter ended March 31
 "Expect RBI to start rate cuts by end of FY24: HDFC Bank chief economist")
India remains a bright spot, economy expected to grow 6.7% in 2024: UN
However, higher interest rates and weaker external demand will continue to weigh on investment and exports in 2023, it said
 "India remains a bright spot, economy expected to grow 6.7% in 2024: UN")
As inflation slows, rate-cut bets surface across Asia on policy pivot
Amid signs that inflation in the region is now slowing, the narrative among market participants has shifted from "peak rates" to rate cuts, which should help drive a rebound in sovereign debt
 "As inflation slows, rate-cut bets surface across Asia on policy pivot")
UK's 'greedflation' concerns are groundless, says ex-BOE rate setter
Saunders, a member of the Monetary Policy Committee between 2016 and 2022, found that profit margins in the manufacturing and services sectors have slipped below the long-run average
 "UK's 'greedflation' concerns are groundless, says ex-BOE rate setter")
At -0.92%, India's wholesale price inflation at its lowest since Aug 2020
The WPI food inflation in April was 0.17 per cent as compared to 2.32 per cent in March
Low inflation shows RBI Policy is effective: Governor Shaktikanta Das
The impact of the recent unseasonal rain and hailstorms, however, needs to be watched
 "Low inflation shows RBI Policy is effective: Governor Shaktikanta Das")
Inflation cooling; confident that monetary policy is on track: RBI Guv
Reserve Bank of India Governor Shaktikanta Das on Friday said the cooling off in headline inflation to 4.7 per cent during April is "very satisfying"
 "Inflation cooling; confident that monetary policy is on track: RBI Guv")