Page 50 - Latest Updates on Inflation
ADB slashes India GDP growth forecast to 6.4% for FY24, cites risks
Private consumption will be the main driver of growth, says international agency
 "ADB slashes India GDP growth forecast to 6.4% for FY24, cites risks")
European countries' battle with inflation is far from over amid tax cuts
Even pricier food risks further aggravating social discontent and frustration with authorities. On top of that, an surprise oil output cut by OPEC+ at the weekend is pushing oil prices higher
 "European countries' battle with inflation is far from over amid tax cuts")
Growth, margins play whack-a-mole with consumer discretionary space
Some brokerages bet on consumer staples, preferring this more defensive space
 "Growth, margins play whack-a-mole with consumer discretionary space")
Inflation, unorganised distribution of flour blamed for stampede in Pak
There have been multiple stampede incidents across Pakistan due to the unorganised distribution of free flour which led to the death of various inflation-hit people, who gathered to collect food
 "Inflation, unorganised distribution of flour blamed for stampede in Pak")
Inflation in Pakistan rises by record as IMF reforms spur gains: Data
Consumer prices rose 35.37% from a year earlier, according to data released by the statistics department Saturday
 "Inflation in Pakistan rises by record as IMF reforms spur gains: Data")
Sri Lanka's inflation drops further to 50.3% amid ongoing economic crisis
The country's central bank said that inflation will be reduced to single digit by the end of the year
 "Sri Lanka's inflation drops further to 50.3% amid ongoing economic crisis")
Global stocks climb and US treasury yield declines after inflation data
U.S. consumer spending rose moderately in February, and while inflation cooled, it remained elevated enough to possibly allow the Federal Reserve to raise interest rates one more time this year
 "Global stocks climb and US treasury yield declines after inflation data")
Markets flat after volatile year; benchmarks swing over 20% in FY23
Experts see modest returns in FY24 too
 "Markets flat after volatile year; benchmarks swing over 20% in FY23")
India's farm exports likely to touch record $56-57 billion: Official
The achievement will be commendable, given that exports of several high-value items, such as wheat and rice, have been banned during the financial year to control inflation
 "India's farm exports likely to touch record $56-57 billion: Official")
Fed-favored inflation gauge rises by les than forecast, spending moderates
Excluding food and energy, the Fed's preferred inflation gauge - the personal consumption expenditures price index - rose 0.3% in February after the prior month was revised down slightly
 "Fed-favored inflation gauge rises by les than forecast, spending moderates")
Egypt's Central Bank raises interest rates to curb surging inflation
The hike aims to ease spiraling inflation, with the annual figure reaching 32.9% in February, up from 26.5% in January
 "Egypt's Central Bank raises interest rates to curb surging inflation")
Wall Street poised to join stocks advance, inflation ebbs in Europe
The dollar was a touch weaker, while crude oil prices rose after a surprise drop in U.S. stockpiles
 "Wall Street poised to join stocks advance, inflation ebbs in Europe")
Toll operators in India to see a revenue jump of 16-18% in FY23: CRISIL
In FY24, the revenue growth will continue to be strong, but it will be a lower 9-11 per cent
 "Toll operators in India to see a revenue jump of 16-18% in FY23: CRISIL")
RBI may opt for 25 bps interest rate hike in monetary policy meet: Experts
The two key factors which the committee will deliberate intensely while firming up the next monetary policy are elevated retail inflation
 "RBI may opt for 25 bps interest rate hike in monetary policy meet: Experts")
MGNREGS pay still below minimum wage in several states, shows data
Gap remains despite a hike of up to 10.4% notified by the Centre for the coming financial year
 "MGNREGS pay still below minimum wage in several states, shows data")
Govt hikes DA, DR for central govt employees to 42% of basic pay
The move will benefit about 4.8 million central government employees and 6.9 million pensioners. The decision will be effective from 1 January, 2023
 "Govt hikes DA, DR for central govt employees to 42% of basic pay")
India pitches for ratings upgrade at meeting with representatives of Fitch
Fitch currently rates India's long-term sovereign debt at BBB- with a stable outlook
 "India pitches for ratings upgrade at meeting with representatives of Fitch")
Maruti to hike prices from April amid continued rise in input costs
This is Maruti's second price increase this year
 "Maruti to hike prices from April amid continued rise in input costs")
Without reforms, the country could see hyperinflation: IMF warns Lebanon
Three-quarters of Lebanon's population of over 6 million, including a million Syrian refugees, now lives in poverty and inflation is soaring
Bank of England raises interest rates again, sees inflation shock fading
BoE announces quarter-point rate hike to 4.25%; MPC says it expects inflation to fall faster