Page 54 - Latest Updates on Inflation
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
 "We've lowered size of policy rate change, RBI's Das and Patra tell media")
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%")
Are the markets fully pricing in recession fears?
Business Standard's Puneet Wadhwa spoke to Jitendra Gohil, Director, Global Investment Management, Wealth Management, India at Credit Suisse on how the markets may play out over the next few months
 "Are the markets fully pricing in recession fears?")
RBI set to raise rates today; outlook on growth, inflation in focus
The RBI's outlook, which will accompany the rates decision, will be an important pointer to future policy moves, said economists
 "RBI set to raise rates today; outlook on growth, inflation in focus")
Border situation with China, inflation to dominate Winter Session
The border situation with China, the alleged misuse of government agencies, price rise and unemployment will dominate the proceedings of the winter session of Parliament starting Wednesday
 "Border situation with China, inflation to dominate Winter Session")
Global central banks extend rate hike push in Nov as inflation soars
The latest moves have brought total rate hikes in 2022 from G10 central banks to 2,400 bps
 "Global central banks extend rate hike push in Nov as inflation soars")
Aiming Rs 3,000 cr top line in FY23 amid looming inflation: ThyssenKrupp
Capital goods and engineering major ThyssenKrupp Industries India on Sunday said demand in core sectors will remain robust amid inflationary headwinds in the next 2-3 years
 "Aiming Rs 3,000 cr top line in FY23 amid looming inflation: ThyssenKrupp")
RBI monetary policy: Pace of tightening set to slow
Our financial system needs more time for the broad-based transmission of the past concentrated increases in the repo rate (190 basis points in just four months)