Page 38 - Latest Updates on Inflation
Retail inflation eases to 4.7% in April; March IIP falls sharply to 1.1%
The food inflation also eased to 3.84% in April
 "Retail inflation eases to 4.7% in April; March IIP falls sharply to 1.1%")
Britannia forecasts around 3% input cost inflation for FY24: MD Berry
Britannia Industries Ltd, India's largest biscuit maker, has forecast low single-digit input cost inflation for the current fiscal year
 "Britannia forecasts around 3% input cost inflation for FY24: MD Berry")
Interest rate hold likely as inflation at its weakest in 18 months
Easing inflation will bring relief to policy makers when the economy is facing headwinds from geopolitical tensions and slowing global demand
 "Interest rate hold likely as inflation at its weakest in 18 months")
US weekly jobless claims hit 1-1/2-year high; producer inflation cooling
The government reported on Wednesday that the annual increase in consumer prices slowed to below 5% in April for the first time in two years
 "US weekly jobless claims hit 1-1/2-year high; producer inflation cooling")
Bank of England raises interest rates to 4.5% as inflation slow to fall
The BoE forecast the economy would grow 0.25% this year - compared with its February prediction of a 0.5% contraction
 "Bank of England raises interest rates to 4.5% as inflation slow to fall")
China's slow consumer inflation, deepening deflation to test policy
The consumer price index (CPI) in April rose 0.1% year-on-year, the lowest rate since February 2021, and cooling from the 0.7% annual gain seen in March, the National Bureau of Statistics (NBS) said
 "China's slow consumer inflation, deepening deflation to test policy")
Inflation likely to hit 18-month low in April as price rise moderates: Poll
Predictions ranged from 4.40% to 5.80%, with respondents expecting inflation to remain below the RBI's 6.00% upper tolerance limit for the second consecutive month
 "Inflation likely to hit 18-month low in April as price rise moderates: Poll")
OECD CPI falls to 7.7% in March 2023, as energy inflation continues to drop
Energy prices declined by 0.9 percentage point in March. Food inflation and inflation less food less energy increased slightly
 "OECD CPI falls to 7.7% in March 2023, as energy inflation continues to drop")
Inflation slightly above 'tolerance limit', govt working to control it: FM
India's annual retail inflation for March rose at the slowest pace in nearly 15 months
 "Inflation slightly above 'tolerance limit', govt working to control it: FM")
For a veg thali of Rs 100, Indians paid Rs 109 in 2022; Rs 132 for non-veg
The rise was sharper in the case of non-veg thali because chicken prices rose 55% between April and December
 "For a veg thali of Rs 100, Indians paid Rs 109 in 2022; Rs 132 for non-veg")
ECB raises rates by 25 bps to 3.25% in inflation fight in a 7th hike
The central bank for the 20 countries that share the euro has now lifted rates by a combined 375 basis points since last July, its fastest pace of tightening
 "ECB raises rates by 25 bps to 3.25% in inflation fight in a 7th hike")
19.6 mn guarantee cards distributed via 3,000 relief camps in Rajasthan: CM
Rajasthan Chief Minister Ashok Gehlot said 19.6 mn guarantee cards have been distributed in the state through the ongoing Mahangai Rahat camps where registration for 10 govt schemes is being done
 "19.6 mn guarantee cards distributed via 3,000 relief camps in Rajasthan: CM")
IMF says inflation, rate hikes to slow growth across Mideast this year
Rising interest rates, used by central banks worldwide to try to stem inflation's rise, increase the costs of borrowing money. That will affect nations carrying heavier debts, the IMF warned
 "IMF says inflation, rate hikes to slow growth across Mideast this year")
Pakistan's inflation outpaces Sri Lanka as Asia's fastest amid food crisis
Consumer prices rose 36.4% in April from a year earlier, the highest since 1964, according to data released by the statistics department Tuesday
 "Pakistan's inflation outpaces Sri Lanka as Asia's fastest amid food crisis")
Europe's inflation inches up ahead of central bank's interest rate decision
Food prices eased a little, falling to an annual 13.6 per cent from March's 15.5 per cent, while energy prices rose a more modest 2.5 per cent
Stagflation is the risk that eludes investors mispricing financial markets
That highlights the risk of mispricing in short-term interest rates market, which are pricing in one to two quarter-point rate cuts by the end of this year
 "Stagflation is the risk that eludes investors mispricing financial markets")
What about 'Mann ki Baat' on inflation and unemployment? Maha Cong chief
Maharashtra Congress president Nana Patole wondered when Prime Minister Narendra Modi will do a 'Mann ki Baat' on issues such as inflation and unemployment
 "What about 'Mann ki Baat' on inflation and unemployment? Maha Cong chief")
Europe's economy barely gains momentum as inflation pinches consumers
Spain and Italy performed better, both growing 0.5 per cent, while France managed a 0.2 per cent expansion thanks to exports
 "Europe's economy barely gains momentum as inflation pinches consumers")
Jharkhand Congress observes fast to protest against inflation, unemployment
The Jharkhand unit of Congress observed fast as part of its Jai Bharat Satyagraha' programme here on Wednesday to protest against inflation and unemployment in the country.
 "Jharkhand Congress observes fast to protest against inflation, unemployment")
Aus inflation passes peak but cost-of-living pressures still felt: Official
Australia's Treasurer Jim Chalmers on Wednesday said the country has passed the peak of the inflation crisis but cost-of-living pressures would hang around
 "Aus inflation passes peak but cost-of-living pressures still felt: Official")