Page 45 - Latest Updates on Inflation
Policy dilemma
Central banks must focus on inflation
 "Policy dilemma")
Unprecedented spike in inflation spurs calls for urgent data revision
Consumer prices rose 6.44% in February, breaching the Reserve Bank of India's target ceiling
 "Unprecedented spike in inflation spurs calls for urgent data revision")
Inflation: Central banks can't fix the mess that politicians have created
Only politicians can fix the problem because, contrary to public belief, it is they who create money, not central banks
Manufacturing output in IIP still shows weakness as headline numbers grow
One reason for decline is muted domestic demand, particularly in rural areas due to high inflation
 "Manufacturing output in IIP still shows weakness as headline numbers grow")
Inflation and business pressure weigh on India Inc growth, says S&P
Along with Brazil and Japan, the S&P Global India business activity net balance slipped to 21 per cent in January
 "Inflation and business pressure weigh on India Inc growth, says S&P")
Retail inflation eases marginally to 6.44% in February from 6.52% in Jan
Retail inflation: his is lower than 6.52 per cent in January but still above the Reserve Bank of India's upper tolerance limit of 6 per cent
 "Retail inflation eases marginally to 6.44% in February from 6.52% in Jan")
Inflation expected to come down over the year: RBI MPC member Ashima Goyal
Goyal said that India has successfully dealt with 'pluri-shocks' over the past three years, showing considerable resilience
 "Inflation expected to come down over the year: RBI MPC member Ashima Goyal")
LIVE: Some constantly questioning India's democracy, says PM in Karnataka
Catch all the latest updates from across the globe here
 "LIVE: Some constantly questioning India's democracy, says PM in Karnataka")
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