Page 38 - Latest Updates on Inflation
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")
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")