Page 49 - Latest Updates on Inflation
India's growth for next year pegged at 6.5%; higher than IMF projection
Sticky global inflation could keep rates higher for longer, hurting growth including in emerging markets like India
 "India's growth for next year pegged at 6.5%; higher than IMF projection")
Inflation in India expected to come down to 5% in 2023 and 4% in 2024: IMF
Inflation in India is expected to come down from 6.8 percent in the current fiscal year ending March 31 to 5 percent the next fiscal, and then drop further to 4 percent in 2024, IMF said
 "Inflation in India expected to come down to 5% in 2023 and 4% in 2024: IMF")
Early pivot unlikely in the face of persistent inflation: UTI AMC's Chopra
"Credit funds have performed quite well in 2022, on the back of an improving economic cycle, low-interest rates, and easing liquidity as domestic and global economies opened up"
 "Early pivot unlikely in the face of persistent inflation: UTI AMC's Chopra")
US consumer spending softens in December even as inflation eases
The data was included in the advance fourth quarter gross domestic product report, which showed consumer spending maintaining a solid pace of growth
 "US consumer spending softens in December even as inflation eases")
Card spending slows, hurting revenue growth amid inflation, says Mastercard
Net revenue for the fourth quarter jumped 12% to $5.82 billion, in line with the $5.8 billion average of analyst estimates compiled by Bloomberg
 "Card spending slows, hurting revenue growth amid inflation, says Mastercard")
Pakistan's State Bank raises key rate by 100 basis points as crisis mounts
State Bank of Pakistan raised the target rate to 17%, a move expected by 25 of 43 economists in a Bloomberg survey. The majority of the economists had forecast a hike ranging from 75-200 basis points
 "Pakistan's State Bank raises key rate by 100 basis points as crisis mounts")
Current account deficit likely to narrow in 2023: RBI's January bulletin
India will be $3.7-trillion economy in 2023: RBI's January bulletin
 "Current account deficit likely to narrow in 2023: RBI's January bulletin")
Poll-bound Tripura, Nagaland, Meghalaya depend on Centre for development
In line with other states, inflation remains a worry in Tripura and Nagaland, though Meghalaya has controlled it a bit more efficiently
 "Poll-bound Tripura, Nagaland, Meghalaya depend on Centre for development")
India's response to Covid ensured moderate inflation, high growth: Vaishnaw
The minister said India's economy has been resilient and the policy framework has been for a sustained growth with a very moderate inflation
 "India's response to Covid ensured moderate inflation, high growth: Vaishnaw")
High inflation causing tension between monetary and fiscal policy: Gopinath
On what needs to change, she said for the countries to manage such a difficult trade-off right, fiscal policy has to play a role
 "High inflation causing tension between monetary and fiscal policy: Gopinath")
Step out of your homes against inflation, unemployment: Congress Prez
Kharge said Rahul Gandhi is standing against the hatred and appealed to the people to join his mega walkathon
 "Step out of your homes against inflation, unemployment: Congress Prez")
Inflation may be past peak but cost of living crisis far from over: Experts
Inflation is likely to have reached its peak in 2022 but there is no end in sight for the cost of living crisis, experts said on Tuesday
 "Inflation may be past peak but cost of living crisis far from over: Experts")
India's rising home prices, rentals a new inflation threat: Analysis
Urban housing inflation rose to 4.47% year-on-year in December 2022
 "India's rising home prices, rentals a new inflation threat: Analysis")
Hit by Ukraine war, inflation, global jobs growth will halve in 2023: ILO
Global employment growth is expected to slow down sharply to 1% this year compared to 2% in 2022, hit by the economic fallout of the war in Ukraine, inflation and tighter monetary policy, the ILO said
 "Hit by Ukraine war, inflation, global jobs growth will halve in 2023: ILO")
Rising prices of non-perishables may not allow food inflation to cool soon
Inflation being driven by cereals, spices, milk, prepared meals and snacks
 "Rising prices of non-perishables may not allow food inflation to cool soon")
WPI inflation cools to 22-month low of 4.95% in Dec as food prices fall
In November 2022, wholesale price inflation stood at 5.85 per cent. In December 2021, it was at 14.27 per cent
 "WPI inflation cools to 22-month low of 4.95% in Dec as food prices fall")
US interest rate-cut expectations have yellow metal shining bright
Mild recession, low inflationary pressures in the US and a stronger rupee would act as headwinds
 "US interest rate-cut expectations have yellow metal shining bright")
WPI inflation falls to 4.95% in December from 5.85% in previous month
Inflation in manufactured products was 3.37 per cent during the month
 "WPI inflation falls to 4.95% in December from 5.85% in previous month")
Indices rebound after 3-day decline on easing inflation; Sensex up 303 pts
The 30-share BSE Sensex rose by 303.15 points or 0.51 per cent to settle at 60,261.18. During the day, it jumped 460.23 points or 0.76 per cent to 60,418.26
 "Indices rebound after 3-day decline on easing inflation; Sensex up 303 pts")
Crypto wrap: Market recovers after weeks due to softening of inflation
The US inflation cooled down to 6.5% in December as compared to a year ago
 "Crypto wrap: Market recovers after weeks due to softening of inflation")