Page 50 - Latest Updates on Inflation
Yen jumps as markets test Bank of Japan, inflation retreat lifts stocks
A wave of emergency BOJ buying later reined the yield back in, but markets remained jumpy
Sensex ends 303 pts higher fueled by Infosys, ICICI Bank; Nifty near 17950
CLOSING BELL: Within sectors, barring consumer durables, PSB and Metal indices on the Nifty logged in most gains, up over 1 per cent each, followed by IT and financial pockets
 "Sensex ends 303 pts higher fueled by Infosys, ICICI Bank; Nifty near 17950")
IMF chief expects to keep 2023 global growth forecast steady at 2.7%
IMF Managing Director Kristalina Georgieva said 2023 would be another "tough year" for the global economy, and inflation remained stubborn, but she did not expect another year of successive downgrades
 "IMF chief expects to keep 2023 global growth forecast steady at 2.7%")
Best of BS Opinion: The perennially ruling party, 'Crewed' lessons & more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: The perennially ruling party, 'Crewed' lessons & more")
Energy crisis driving inflation, slowing GDP, creating social turmoil: WEF
The report has proposed 10 key actions to align immediate responses with long term goals and a framework to prioritise energy security for a just and sustainable energy transition
 "Energy crisis driving inflation, slowing GDP, creating social turmoil: WEF")
GM Mustard won't solve India's edible oil import problem, says Ashok Gulati
Gulati says he is in support of GM mustard, but to say that it will solve India's problem of edible oil imports is a stretch
 "GM Mustard won't solve India's edible oil import problem, says Ashok Gulati")
Conflict and inflation: Indian realities
Policymakers must be wary of using frameworks tailored by rich countries to address rich country problems when crafting India's inflation-control strategy
At 4% of GDP, household financial savings touch 30-year low; consumption up
In FY22, savings stood at 7.3 per cent. This fall in savings indicates an increase in consumption
 "At 4% of GDP, household financial savings touch 30-year low; consumption up")
Global economy 2023: How countries are tackling the cost of living crisis
Inflation increased significantly in the US in late 2021 and early 2022, reaching levels higher than at any time in the last 40 years
 "Global economy 2023: How countries are tackling the cost of living crisis")
RBI not seen taking eye off inflation as prices may stay sticky in 2023
'Govt to continue fiscal prudence,' say bankers at book launch of Roller Coaster - An Affair with Banking by veteran journalist Tamal Bandyopadhyay
 "RBI not seen taking eye off inflation as prices may stay sticky in 2023")
World Bank cuts 2023 economic growth forecasts, warns of global recession
Spillovers from a period of pronounced weakness in the US, China and the European Union are exacerbating other headwinds faced by poorer nations
 "World Bank cuts 2023 economic growth forecasts, warns of global recession")
Gold prices steady as investors focus on Powell speech for rate guidance
Powell is scheduled to speak at a central bank conference in Stockholm at 1400 GMT, ahead of key US inflation data on Thursday
 "Gold prices steady as investors focus on Powell speech for rate guidance")
Sensex slides 632pts to 60,115, Nifty below 18K; Airtel, SBI slip up to 2%
CLOSING BELL: Broader markets, too, bled simultaneously in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.5 per cent
 "Sensex slides 632pts to 60,115, Nifty below 18K; Airtel, SBI slip up to 2%")
Egypt's inflation surges on amid currency's dramatic slide, say statistics
Egypt continues to battle surging inflation amid a dramatic slide of its currency as many Egyptians struggle with price hikes, the country's statistics bureau said on Tuesday
 "Egypt's inflation surges on amid currency's dramatic slide, say statistics")
Wheat harvest could hit record on higher planting area, favourable weather
Higher wheat output could encourage India to consider lifting a ban on exports of the staple and help ease concerns over persistently high inflation in food prices
 "Wheat harvest could hit record on higher planting area, favourable weather")
UK is halfway through squeeze that will cut incomes by £2,000: Report
The findings add to a bleak outlook for UK households after inflation jumped to double digits
 "UK is halfway through squeeze that will cut incomes by £2,000: Report")
Philippines rushes to import onions as prices touch nearly Rs 1,000 per kg
The Philippines' agriculture department is planning to import 22,000 tons of onions to boost domestic supply as surging prices of the cooking ingredient push inflation to a 14-year high
 "Philippines rushes to import onions as prices touch nearly Rs 1,000 per kg")
Price stability top priority for South Asia: RBI governor Shaktikanta Das
'Approach to disinflation' needs to consider risks to growth outlook, says Shaktikanta Das
 "Price stability top priority for South Asia: RBI governor Shaktikanta Das")
Japan's real wages mark biggest drop in more than eight years: Govt report
Despite the negligible gain, it said when factoring in inflation, real wages had actually declined in the recording period
 "Japan's real wages mark biggest drop in more than eight years: Govt report")
Inflation in Europe continues to dip as energy prices rise at slower pace
The European Central Bank aims to keep inflation near 2 per cent, CNN reported
 "Inflation in Europe continues to dip as energy prices rise at slower pace")