Page 53 - Latest Updates on Inflation
2022 in review: Russia war to COP27, top events that shaped the world
The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events
 "2022 in review: Russia war to COP27, top events that shaped the world")
Markets extend losses amid recession fears, indices dip second week on trot
Commentary by central banks on their resolve to tame inflation rattles investors, who were hoping that interest rates have peaked
 "Markets extend losses amid recession fears, indices dip second week on trot")
Mexico's central bank hikes interest rate by 50 basis points to 10.50%
The central bank of Mexico (Banxico) raised the key interest rate once again to counter domestic inflationary pressure and the impact of a flagging global economy
 "Mexico's central bank hikes interest rate by 50 basis points to 10.50%")
Rice, wheat inflation continue to rise contrary to overall inflation
The retail inflation rate in wheat rose to 19.67 per cent in November from 17.64 per cent in October
 "Rice, wheat inflation continue to rise contrary to overall inflation")
Sensex drops 879pts, Nifty near 18,400 on Fed's hawkish pivot; IT worst hit
CLOSING BELL: The 30-pack index had dropped over 900 points intra-day to hit a low of 61,715.61, while the 50-pack index hit a low of 18,388
 "Sensex drops 879pts, Nifty near 18,400 on Fed's hawkish pivot; IT worst hit")
Govt wants to discuss global warming over joblessness: TMC MP Derek O'Brien
TMC MP Derek O'Brien on Thursday listed a slew of issues that the opposition parties want to discuss in Parliament and claimed that the government only wants to discuss global warming
 "Govt wants to discuss global warming over joblessness: TMC MP Derek O'Brien")
Finnish inflation rate hits highest since 1983; consumer prices rise by 9%
Inflation in Finland has continued to accelerate, with consumer prices rising by 9.1 per cent in November compared to a year ago, the highest since 1983, according to official figures
 "Finnish inflation rate hits highest since 1983; consumer prices rise by 9%")
Inflation to decline more; govt on track to meet fiscal deficit target: FM
FM Sitharaman exuded confidence that inflation would further decline and the government is on track to meet its budgetary target for deficit and said that there is no fear of stagflation in India
 "Inflation to decline more; govt on track to meet fiscal deficit target: FM")
Dollar wallows at six-month lows ahead of last Fed meeting of 2022
After raising interest rates by 75 basis points at four successive meetings, the US central bank is widely expected to deliver a 50 bp increase later in the day
 "Dollar wallows at six-month lows ahead of last Fed meeting of 2022")
ADB keeps India's GDP growth unchanged at 7% for current financial year
Inflation in India is still expected to rise to 6.7 per cent in 2022-23 before falling back to 5.8 per cent
 "ADB keeps India's GDP growth unchanged at 7% for current financial year")
Govt will further bring down inflation: FM Sitharaman in Lok Sabha
Finance Minister Nirmala Sitharaman assured the Lok Sabha that the government will take measures to further ease inflation, which has dipped below the RBI's upper tolerance level of 6%
 "Govt will further bring down inflation: FM Sitharaman in Lok Sabha")
India's November wholesale inflation eases to 21-month low of 5.85%
WPI-based inflation remained below the double-digit mark for second consecutive month in November
 "India's November wholesale inflation eases to 21-month low of 5.85%")
Bludgeoned bond markets hope peak inflation to bring revival: Analysis
Many of the world's big bond fund managers are optimistic that sovereign debt markets have turned a corner after a rout in 2022 with peak inflation and interest rates finally in sight
 "Bludgeoned bond markets hope peak inflation to bring revival: Analysis")
Sensex surges 403 pts; Nifty tops 18,600; PSU Bank index leaps 4%, IT 1%
CLOSING BELL: IndusInd Bank, Bajaj Finance, M&M, Tech M, HCL Tech, Infosys, TCS, Ultratech Cement, and Bajaj Finserv were the top gainers on the 30-pack index
 "Sensex surges 403 pts; Nifty tops 18,600; PSU Bank index leaps 4%, IT 1%")
Nov inflation down, RBI's rate hike in Feb could be modest: CARE Ratings
With core inflation continuing to be high, credit rating agencies like Acuite Ratings & Research and CARE Ratings do not expect any downtrend in the retail inflation for the next few months
 "Nov inflation down, RBI's rate hike in Feb could be modest: CARE Ratings")
Real rates turn positive as inflation eases; peak in sight: Report
India's real interest rate has turned positive after headline retail inflation eased below 6% for the first time this year, analysts said, suggesting that the peak policy rate is now close
 "Real rates turn positive as inflation eases; peak in sight: Report")
UK manufacturers are sitting on a $29 bn pile of unfinished goods
The poll showed 72% of the 631 companies in Britain are facing the inventory logjam tied to a lack of components, materials or ingredients
 "UK manufacturers are sitting on a $29 bn pile of unfinished goods")
FMCG firms staring at muted revenue growth amid inflation, low rural demand
Sluggish rural demand along with higher inflation is set to mute revenue growth of the fast-moving consumer goods (FMCG) sector at 7-9% this fiscal and the next compared to 8.5% in the previous fiscal
 "FMCG firms staring at muted revenue growth amid inflation, low rural demand")
Govt not to make public RBI report on reasons for inflation target breach
The government on Monday ruled out making public the RBI report detailing the reasons why the central bank could not keep inflation within the targeted 6% upper limit for the 3 consecutive quarters
 "Govt not to make public RBI report on reasons for inflation target breach")
Govt not to make RBI report on MPC's first-ever inflation failure public
MPC is said to have failed to achieve inflation target if average CPI inflation falls outside 2-6% range for three straight quarters. This was the case in the three quarters from Jan to Sept of 2022