Page 51 - Latest Updates on Inflation
How sustained 6.5% growth for the rest of the decade can be realistic
Growth beyond 6% can happen, but there are constraints on both fiscal and monetary policy, which must focus on reducing the current account deficit, the fiscal deficit and inflation, writes T N Ninan
Govt, RBI discussing rupee trade with S Asian nations: Shaktikanta Das
The Governor outlined six policy priorities before the South Asian region to deal with critical challenges arising due to Covid, inflation, financial market tightening and the Russia-Ukraine war
 "Govt, RBI discussing rupee trade with S Asian nations: Shaktikanta Das")
Italy's inflation reaches 37-yr high in 2022, rises to 8.1% y-o-y
The 8.1 per cent annual inflation rate includes data from the early part of the year when inflation was still low
 "Italy's inflation reaches 37-yr high in 2022, rises to 8.1% y-o-y")
Philippines inflation rate rose to 8.1% in December 2022: Reports
Socioeconomic Planning Secretary Arsenio Balisacan said faster food inflation is driven by higher prices of vegetables
 "Philippines inflation rate rose to 8.1% in December 2022: Reports")
Sri Lankan economy to recover in second half of 2023: Central bank
The central bank said that structural economic impediments that existed across various spheres of the economy over decades were compounded by economic shocks, along with ill-timed policy choices
 "Sri Lankan economy to recover in second half of 2023: Central bank")
FMCG cos expect fewer price hikes, robust growth in 2023 despite headwinds
Industry strong enough to withstand another Covid hot for at least two quarters; global recession to have little impact; rural demand remains a concern
 "FMCG cos expect fewer price hikes, robust growth in 2023 despite headwinds")
Opportunities and choices in the Budget
Fiscal consolidation is needed if India is to seek sustainable private sector-led growth
Dollar falls as European inflation cools and China lifts the Aussie
A series of separate reports showed business-sector activity across the euro zone held up better than expected in December, despite intense pressure from soaring energy prices
 "Dollar falls as European inflation cools and China lifts the Aussie")
Turkey's annual inflation fell to 64.27% in Dec 2022 due to base effect
Turkey's annual inflation fell sharply to 64.27 per cent in December 2022 due to a base effect, official data has revealed
 "Turkey's annual inflation fell to 64.27% in Dec 2022 due to base effect")
High portfolio yields to make debt funds an attractive option in 2023
Investors could also get the benefit of capital gains this year
 "High portfolio yields to make debt funds an attractive option in 2023")
Year 2023: The beginning of the 'new normal' for the global economy
The year 2022 would also be known as one that made the transition from very low to high inflation
Israel's central bank raises interest rate to 3.75%, highest since 2008
This is the seventh consecutive rise in the base interest rate in Israel since April 2022 when the figure then stood at 0.1 per cent, reports Xinhua news agency
 "Israel's central bank raises interest rate to 3.75%, highest since 2008")
What is a living wage?
Inflation has hit the poor most. It is one of the reasons why the government is now mulling 'living wage' over the existing 'minimum wage'. Living wage is indexed to inflation. Here's more about it
 "What is a living wage?")
Indian economy poised for further growth despite global headwinds: Analysts
The government too is hopeful to meet the fiscal deficit target of 6.4 per of the GDP on back buoyancy in revenue collection
 "Indian economy poised for further growth despite global headwinds: Analysts")
Interest rates to be reduced in 2023: Sri Lanka's central bank chief
He said that Sri Lanka's inflation rate eased to 57.2 per cent in December from 61 per cent in November, noting that this reflected that the policies they have taken from April 2022 were successful
Inflation kept MPC occupied in 2022, but may not hurt growth for now
Economists and businesses await to see what will be committee's stance in 2023
 "Inflation kept MPC occupied in 2022, but may not hurt growth for now")
Retail inflation for industrial workers eases to 5.41% in November
Food inflation stood at 4.30 per cent in November 2022 against 6.52 per cent of the previous month (October 2022) and 3.40 per cent during the corresponding month (November 2021) a year ago
 "Retail inflation for industrial workers eases to 5.41% in November")
Sensex up 4.4% in 2022; ends last trading day 293 pts lower at 60,841
CLOSING BELL: The NSE Nifty 50 declined 86 points to 18,105, and was up 4.3 per cent for the year 2022. Broader indices - the BSE Midcap and Smallcap outperformed in trades on Friday.
 "Sensex up 4.4% in 2022; ends last trading day 293 pts lower at 60,841")
2022: When high prices ate into rural earnings more than in urban areas
War, weather and excess liquidity impacted Bharat, though year-end saw things looking up a bit
 "2022: When high prices ate into rural earnings more than in urban areas")
Rupee likely to leave its worst behind; inflows crucial in 2023: Analysts
India's current account deficit widened to a more than nine-year high in the July-September quarter on the back of high commodity prices, which pushed up the trade deficit, data from RBI showed
 "Rupee likely to leave its worst behind; inflows crucial in 2023: Analysts")