Page 44 - Latest Updates on Inflation
An anti-government protest in Czech Republic capital draws thousands
Thousands of people in the Czech Republic rallied against the government Saturday, protesting high inflation and demanding an end to the country's military support for Ukraine
 "An anti-government protest in Czech Republic capital draws thousands")
Sensex drops 671pts, Nifty nears 17,400 in broad sell-off; bank stocks tank
CLOSING BELL: The Nifty PSU Bank index declined 2.2 per cent, while the Nifty Bank and Private Bank indices fell 1.8 per cent each
 "Sensex drops 671pts, Nifty nears 17,400 in broad sell-off; bank stocks tank")
Rising costs by inflation force UK govt to delay major rail project
The UK has announced a two-year delay to parts of a new high-speed rail link between London and northern England, citing escalating costs caused by inflation
 "Rising costs by inflation force UK govt to delay major rail project")
India's inflation seen easing slightly in Feb, still above RBI target: Poll
Rises in food prices, which account for nearly half of the Consumer Price Index (CPI) basket, likely moderated last month
 "India's inflation seen easing slightly in Feb, still above RBI target: Poll")
How 'excuseflation' is keeping prices and corporate profits high
The key question is, in an economy where the consumer continues to spend freely, how sticky this 'excuseflation' proves to be
 "How 'excuseflation' is keeping prices and corporate profits high")
Sensex snaps 3-day winning run, falls 542 pts; Nifty gives up 17,600
CLOSING BELL: M&M (down 3 per cent), RIL (down over 2 per cent), Bajaj Finserv, ICICI Bank, Maruti Suzuki, Tata Motors, Tech M, Bajaj Finance, TCS, ITC, Titan, and SBI were the top Sensex laggards
 "Sensex snaps 3-day winning run, falls 542 pts; Nifty gives up 17,600")
Biden to urge 25% billionaire tax, levies on rich investors & corporations
Biden's budget request to Congress, which is slated to be released Thursday, calls for a 25% minimum tax on billionaires, according to a White House official familiar with the proposal
 "Biden to urge 25% billionaire tax, levies on rich investors & corporations")
Rupee slips, bond yield jumps to 4-month high on hawkish Fed signals
So far in 2023, the yield on the 10-year bond has jumped 12 basis points (bps)
 "Rupee slips, bond yield jumps to 4-month high on hawkish Fed signals")
India is not immune to the stagflation that felled its neighbours
Not much help is expected from the global economy. Financial conditions are tight almost everywhere, and demand tepid
 "India is not immune to the stagflation that felled its neighbours")
Inflation not bothering BJP as big industrialists belong to them: Akhilesh
"LIC has lost its money, State Bank has lost its money. Today, citizens want to know if legal actions will be taken against the accused," questioned the SP chief
 "Inflation not bothering BJP as big industrialists belong to them: Akhilesh")
A suggestion to the IMF on inflation
Standard policies towards inflation have not helped. It is important to think out of the box
Sensex up 415 pts, ends above 60K; Nifty tops 17,700; IT, auto stocks rally
CLOSING BELL: Tata Motors, NTPC, Power Grid, Infosys, Bajaj Finserv, Asian Paints, RIL, ITC, HDFC, Wipro, TCS, Axis Bank, HUL, and HCL Tech were the top Sensex gainers today
Asia's very complicated interest-rate pause and sticky inflation
All central banks assert they move independently from the Fed. In practice, they tend to replicate broad trends in American credit
 "Asia's very complicated interest-rate pause and sticky inflation")
Sales of consumer products pick up marginally as inflation cools
CEOs optimistic about coming months as govt's mega capex drive gains pace
 "Sales of consumer products pick up marginally as inflation cools")
Inflation slows down packaged tea consumption growth, rural impact bigger
Tea drinkers forced to downgrade to lower qualities of beverage; consumption also impacted by rising milk prices
 "Inflation slows down packaged tea consumption growth, rural impact bigger")
Pakistan hikes policy rate by 300 basis points amid rising inflation
The State Bank of Pakistan (SBP) has decided to increase policy rate by 300 basis points to 20 per cent amid rising inflation
 "Pakistan hikes policy rate by 300 basis points amid rising inflation")
Major central banks return to rate hikes to fight inflation in February
Policy makers in Australia, Sweden, New Zealand and Britain joined the U.S. Federal Reserve and the European Central Bank in lifting key lending rates by a total of 250 basis points (bps)
 "Major central banks return to rate hikes to fight inflation in February")
Pakistan raises key rate by 300 bps, slaps Rs 3.23 power surcharge
Rate now highest in 26 years; currency falls to record low, $ bonds slump
Pakistan's CPI jumps 31.5%, retail inflation highest in 49 years
Pakistan's annual inflation, measured by the Consumer Price Index (CPI), soared to a record high of 31.55 per cent in February, compared to 27.6 per cent in the previous month
 "Pakistan's CPI jumps 31.5%, retail inflation highest in 49 years")
Farm sector to grow 3.7% in Oct-Dec on kharif output: 2nd advance estimates
At current prices, the growth in the third quarter of this financial year is projected at 8.6 per cent, which is almost at the same level in the corresponding quarter of FY22
 "Farm sector to grow 3.7% in Oct-Dec on kharif output: 2nd advance estimates")