Page 46 - Latest Updates on Inflation
State Bank of India issues Rs 4.5K-crore in AT1, half of the amount planned
Bonds allocated at 8.2% coupon with call option in 2033
 "State Bank of India issues Rs 4.5K-crore in AT1, half of the amount planned")
RBI will take required action to keep inflation in check: FM Sitharaman
In a recent report the RBI said that the retreat of inflation is expected to be stubborn and beset by supply shocks in the upcoming year
 "RBI will take required action to keep inflation in check: FM Sitharaman")
Moldova protesters want energy subsidies amid cost-of-living crisis
Several thousand protesters rallied in Moldova's capital Sunday to demand that the country's new pro-Western govt fully cover citizens' winter heating bills amid a cost-of-living crisis
 "Moldova protesters want energy subsidies amid cost-of-living crisis")
Economic activity cools down in Jan amid slowdown fears, exports fell 6.58%
The Reserve Bank of India, which has raised borrowing costs six times since May to 6.50%, is seen increasing interest rates again in its April review amid inflation topping estimates
 "Economic activity cools down in Jan amid slowdown fears, exports fell 6.58%")
Saffola a Rs 2,000 crore-plus brand; worst of inflation is over: Marico CEO
The rural FMCG market, which has witnessed a decline in the last 4-5 quarters, is expected to have a turnaround in the next 2-3 quarters, he said
 "Saffola a Rs 2,000 crore-plus brand; worst of inflation is over: Marico CEO")
India limits wheat exports through the govt route as prices rise
This is starting from November last year
 "India limits wheat exports through the govt route as prices rise")
Sticky inflation pushes Wall Street toward weekly losses, rate hikes fears
In Asian trading, Tokyo's Nikkei 225 fell 0.7 per cent to 27,513.13 and the Kospi in South Korea sank 1 per cent to 2,450.20
 "Sticky inflation pushes Wall Street toward weekly losses, rate hikes fears")
Low growth, high inflation, unemployment burdening people: Chidambaram
P Chidambaram alleged that low growth, high inflation and unemployment are putting "intolerable burdens" on people, as he asked the govt to candidly tell them what are the growth prospects in 2023-24
 "Low growth, high inflation, unemployment burdening people: Chidambaram")
Rural wage growth trailing inflation, govt should continue support: Report
Rural inflation had remained above urban inflation in the first half of 2022, it said, adding that rural consumption declined and average rural unemployment decreased
 "Rural wage growth trailing inflation, govt should continue support: Report")
Govt may consider fuel, maize tax cuts to control climbing retail inflation
The Indian government could consider reducing taxes on some items such as maize and fuel in response to the central bank's recommendations to help rein in climbing retail inflation
 "Govt may consider fuel, maize tax cuts to control climbing retail inflation")
Fossil fuel related items contributed 20% to annual inflation rate of India
Fossil-fuel related items -- transport and household energy -- contributed about 20 per cent to India's annual rate of inflation between April and May 2022, said a report by Cambridge Econometrics
 "Fossil fuel related items contributed 20% to annual inflation rate of India")
Sensex jumps 243 pts on late buying, Nifty reclaims 18,000; RIL gains 2%
CLOSING BELL: The BSE Sensex gained more than 600 points from the day's low; Tech Mahindra, Bharti Airtel and auto shares were the other major gainers on Wednesday.
 "Sensex jumps 243 pts on late buying, Nifty reclaims 18,000; RIL gains 2%")
United Breweries not in high spirits due to increase in input costs
Inflationary environment also poses a risk to consumption and volume growth
 "United Breweries not in high spirits due to increase in input costs")
India's WPI inflation eases to two-year low of 4.73% in January
In December 2022, wholesale price inflation stood at 4.95 per cent. In January 2021, it was at 2.51 per cent
 "India's WPI inflation eases to two-year low of 4.73% in January")
US inflation rises 0.5% in January, more interest rate hike likely
CPI is up 6.4% from the year-ago period; food and energy boosted the index
 "US inflation rises 0.5% in January, more interest rate hike likely")
Inflation surprise
Latest reading has increased uncertainty
Bonds recoup losses after inflation shock as long-term players step in
Yield on the 10-year benchmark bond closed at 7.37 per cent, versus 7.36 per cent at previous close
 "Bonds recoup losses after inflation shock as long-term players step in")
US Inflation stays elevated, adding pressure for more Fed hikes
The median estimates in a Bloomberg survey of economists called for a 0.5% monthly advance in the CPI and a 0.4% gain in the core measure
 "US Inflation stays elevated, adding pressure for more Fed hikes")
Expense list to loan tenure: How to stay ahead of rising inflation
Maintain adequate allocation for equities in long-term portfolios for financial security
 "Expense list to loan tenure: How to stay ahead of rising inflation")
Asian Shares track Wall Street's inflation optimism, yen recoups losses
Japan's currency had weakened on uncertainty surrounding the next governor of the Bank of Japan
 "Asian Shares track Wall Street's inflation optimism, yen recoups losses")