Page 54 - Latest Updates on Inflation
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
Retail inflation drops to 11-month low of 5.88%; factory output drops
This is the first time in 11 months that the retail inflation print has come within the RBI's tolerance band of 4% (+/-2%)
 "Retail inflation drops to 11-month low of 5.88%; factory output drops")
UK economy shrinks 0.3% in 3 months through October as inflation soars
Britain's economy shrank in the three months through October, confirming the toll that rampant inflation and rising interest rates are having on business and industry.
 "UK economy shrinks 0.3% in 3 months through October as inflation soars")
Sensex, Nifty end flat ahead of inflation data; HDFC duo, RIL lend support
CLOSING BELL: The benchmark indices sought support from financial and metal stocks with their respective indices climbing 0.2 per cent & 0.4 per cent. On the downside, the IT index fell 0.4 per cent.
 "Sensex, Nifty end flat ahead of inflation data; HDFC duo, RIL lend support")
Bangladesh asks banks to relax LC margin rate for essential food items
Bangladesh's inflation decreased to 8.85 per cent in November from 8.91 per cent in October
 "Bangladesh asks banks to relax LC margin rate for essential food items")
Controlling high food inflation: The world is on a wing and a prayer
An IMF paper sheds light on the issue of persistently high global food inflation, and the prognosis is not comforting
24 hours of jumbo interest-rate hikes to cap year of soaring inflation
More than 50 central banks have gone for 75-bp increases, with over 275 rate hikes this year
 "24 hours of jumbo interest-rate hikes to cap year of soaring inflation")
UK's cost-of-living pressures stir push for more free meals in schools
The day's offering, a roast dinner, is a popular one, and many are eager to tuck into their plates of turkey slices, roasted potatoes, broccoli and gravy
 "UK's cost-of-living pressures stir push for more free meals in schools")
India inflation likely softened to nine-month low in November, shows poll
Inflation has stayed above the upper end of the Reserve Bank of India's 2%-6% tolerance band all year and this has triggered 225 basis points of interest rate rises to the repo rate so far
 "India inflation likely softened to nine-month low in November, shows poll")
RBI policy: Here is why the central bank needs to stop raising rates
RBI, following conventional wisdom, is guilty of wanting to show that it's doing something to bring down inflation while perhaps helping worsen it by slowing down efforts to increase capacity, output
We've lowered size of policy rate change, RBI's Das and Patra tell media
Battle against inflation is far from over though the worst is behind us; moderation of inflation will be grudging and uneven, they say
RBI MPC: Here is what experts have to say about the policy announcement
Despite some signs of moderation, RBI Governor Shaktikanta Das said the main risk was that inflation would remain sticky and elevated
 "RBI MPC: Here is what experts have to say about the policy announcement")
RBI MPC: How central bank's stance on GDP, inflation changed in 2022
The RBI MPC cut down the Gross Domestic Product (GDP) growth projection for FY23 from 7 per cent in the September announcement to 6.8 per cent
MPC ups inflation projection for Q3 and Q4, keeps it at 6.7% for full FY23
Panel cuts economic growth forecast by 20 bps to 6.8% for the year; Q3 lowered by 20 bps and Q4 by 40 bps
 "MPC ups inflation projection for Q3 and Q4, keeps it at 6.7% for full FY23")
RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8%
RBI governor Shaktikanta Das emphasises concerns on core inflation, says overall price momentum high
 "RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8%")