Page 39 - Latest Updates on Inflation
I-T Dept notifies Cost Inflation Index for current FY for computing LTCG
The Cost Inflation Index (CII) is used by taxpayers to compute gains arising out of sale of capital assets after adjusting inflation
 "I-T Dept notifies Cost Inflation Index for current FY for computing LTCG")
Core inflation still elevated despite muted demand, easing supply situation
Some economists believe that firms are using the excuse of supply disruptions, earlier due to Covid-19 and now the Russia-Ukraine war, to increase prices, calling it 'excuseflation'
 "Core inflation still elevated despite muted demand, easing supply situation")
China's weak inflation fuels calls for ease in policy to aid recovery
While the economy has been recovering post-Covid, the figures indicate domestic demand remains weak, giving authorities space to roll out more supportive policies
 "China's weak inflation fuels calls for ease in policy to aid recovery")
Reducing inflation without raising interest rates
It is unfortunate that many see monetary policy and interest rate policy as synonyms. They are not
 "Reducing inflation without raising interest rates")
Sensex, Nifty end flat after choppy day; financials fall, Godrej Prop up 9%
CLOSING BELL: Bajaj Finance, Asian Paints, IndusInd Bank, ICICI Bank, Nestle India, HUL, Reliance Industries, HDFC Bank, Axis Bank, and SBI were the top laggards on the Sensex index
 "Sensex, Nifty end flat after choppy day; financials fall, Godrej Prop up 9%")
Inflation may ease in March on softening food prices, says poll
Food inflation, which accounts for nearly half of the overall consumer price basket, is expected to have moderated due to falling vegetable prices, offset in part by surging cereal prices
 "Inflation may ease in March on softening food prices, says poll")
Statsguru: Six charts show higher crude prices tend to push up inflation
The quantity of crude that India imported was 6 per cent lower in 2021-22 at 212 million tonnes compared to 2018-19
 "Statsguru: Six charts show higher crude prices tend to push up inflation")
Rolling the dice on growth
As the inflation rate declines, India has paused its interest rate hikes and there is optimism in the air that we have crossed the cyclical hump of a slowdown and should enjoy strong growth
 "Rolling the dice on growth")
FY24 kicks off a fresh cycle for Indian banking
Inflation remains a worry in the world's fifth-largest economy but, at the moment, no risk is seen for financial sector stability
 "FY24 kicks off a fresh cycle for Indian banking")
Rajasthan govt to conduct camps to highlight public welfare, relief schemes
The Rajasthan government will organise camps in urban wards and villages from April 24 to highlight its public welfare and inflation relief schemes, it said in a statement on Saturday
 "Rajasthan govt to conduct camps to highlight public welfare, relief schemes")
India's food inflation bites harder as risks build for global supplies
Its average citizen is more affected than people in peer economies
 "India's food inflation bites harder as risks build for global supplies")
Household inflation expectations moderate, consumer confidence grows: RBI
The survey showed that household spending was buoyant on the back of higher essential and non-essential spending
 "Household inflation expectations moderate, consumer confidence grows: RBI")
Reserve Bank of India goes for a hawkish pause
The RBI has paused because it wants to evaluate the cumulative impact of the past rate hikes
 "Reserve Bank of India goes for a hawkish pause")
Inflation kept at 6% or below despite adverse circumstances, says FM
Finance Minister Nirmala Sitharaman welcomes RBI decision, says it has taken a 'good call'
 "Inflation kept at 6% or below despite adverse circumstances, says FM")
A prudent comma, not a myopic full stop!
The RBI has not used the word stickiness in its policy statement while characterising core inflation, but instead used "unyielding core inflation"
 "A prudent comma, not a myopic full stop!")
Inflation seen easing in March to 5.80% on softening food price rises
Forecasts ranged from 5.40% to 6.40%, with a quarter of survey respondents predicting inflation above 6.00%. It was 6.52% in January and spent most of last year above 6.00%
 "Inflation seen easing in March to 5.80% on softening food price rises")
This is a pause, not a pivot, says RBI guv on surprise hold in key rates
Das said RBI is keen to assess the cumulative impact of the rate actions done till now
MPC lowers projection for inflation, raises growth outlook a bit in FY24
Volatility in global financial market has potential upsides for imported inflation, says committee
 "MPC lowers projection for inflation, raises growth outlook a bit in FY24")
Fight against inflation far from over: RBI projects FY24 inflation at 5.2%
For the June quarter, the retail inflation is expected to average 5.1%, and rise to 5.4% each in the September and December quarter
 "Fight against inflation far from over: RBI projects FY24 inflation at 5.2%")
No change: MPC presses 'pause' after hiking rate by 250 bps since May 2022
RBI governor makes it clear that if required, MPC could hike rates in future meetings
 "No change: MPC presses 'pause' after hiking rate by 250 bps since May 2022")