Page 55 - Latest Updates on Inflation
Crypto wrap: Positive commentary from Jerome Powell keeps market stable
In the last 7 days, Bitcoin (BTC) rose over 3 per cent and was trading at $16,970 on Friday. Ethereum (ETH) was up nearly 9 per cent and was trading at $1,280
 "Crypto wrap: Positive commentary from Jerome Powell keeps market stable")
Rupee premiums close to bottoming, RBI key moving part, says report
The 1-year rupee overnight index swaps declined about 30 bps in November, helped by a better inflation outlook domestically
 "Rupee premiums close to bottoming, RBI key moving part, says report")
ECB Prez Lagarde leads a chorus warning that inflation has to be anchored
Policymakers cautioned that hopes for a quick cooling in inflation pressures next year may prove premature
 "ECB Prez Lagarde leads a chorus warning that inflation has to be anchored")
US Dollar wobbles to 16-week lows as inflation ebbs, eye on jobs data
The dollar index/, which measures the currency against six major peers including the yen and euro, rose 0.191% at 104.840
 "US Dollar wobbles to 16-week lows as inflation ebbs, eye on jobs data")
UK firms expect to raise prices 6% in 12 months, see inflation lingering
Inflation pressures in the UK economy showed only limited signs of abating in November, with companies expecting to raise prices by 5.7% in the coming 12 months
 "UK firms expect to raise prices 6% in 12 months, see inflation lingering")
Sri Lanka inflation dips marginally to 61% in November from 66% in Oct
Sri Lanka's key inflation rate dipped marginally to 61 per cent in November, down from 66 per cent in October, the country's statistics office said on Wednesday
 "Sri Lanka inflation dips marginally to 61% in November from 66% in Oct")
FM Nirmala Sitharaman confident of strong growth, low inflation in 2023
Sitharaman declined to describe specifics from the letter, but added that the government's top three priorities for 2023 will be "growth, health and education."
 "FM Nirmala Sitharaman confident of strong growth, low inflation in 2023")
Inflation in Europe eases as energy prices down but still in double digits
Inflation in Europe has eased for the first time in more than a year as energy prices drifted down from painful highs, but the double-digit rate still hovers near a record
 "Inflation in Europe eases as energy prices down but still in double digits")
Budget 2023-24: 'Realistic' 10-11% nominal growth target on the table
Finance ministry expects moderation in retail inflation in FY24
 "Budget 2023-24: 'Realistic' 10-11% nominal growth target on the table")
Zimbabwe's monthly inflation declines to 1.8% in Nov from 3.2% in Oct
Zimbabwe's month-on-month inflation rate for November fell to 1.8 from 3.2 per cent of the previous month, the Zimbabwe National Statistics Agency said
 "Zimbabwe's monthly inflation declines to 1.8% in Nov from 3.2% in Oct")
What inflation? Cyber Monday set for record $11.2-billion sales
The Adobe Analytics report predicts spending on Cyber Monday to rise 5.2 per cent as inflation-weary consumers have been putting off holiday shopping for weeks
 "What inflation? Cyber Monday set for record $11.2-billion sales")
Smart pickup in good jobs
The estimated 0.7 million additional jobs created by listed companies may easily more than offset the recent layoffs seen in tech companies
Economists see 35 bps rate hike, then a pause: BS monetary policy poll
Some expect a slight reduction in GDP growth forecast
 "Economists see 35 bps rate hike, then a pause: BS monetary policy poll")
Hero MotoCorp to hike prices from Dec 1 due to inflationary costs
The company will continue to provide innovative financing solutions in order to cushion the impact on the customers, CFO said
 "Hero MotoCorp to hike prices from Dec 1 due to inflationary costs")
Is the capital goods sector on the recovery path as inflation eases?
Revenue growth estimates have moderated post Q2 but the bottom may be close
 "Is the capital goods sector on the recovery path as inflation eases?")
Hike interest rates by 25-35 basis points in Dec: Economists to RBI
The meeting was held ahead of the RBI's next monetary policy review, which is scheduled December 5-7
 "Hike interest rates by 25-35 basis points in Dec: Economists to RBI")
Global shares mixed as investors eye China covid crisis, Japan inflation
Across China, the number of new cases reported Thursday was 31,444, the highest since the virus was first detected in late 2019
 "Global shares mixed as investors eye China covid crisis, Japan inflation")
We should see core inflation dipping: RBI MPC member Ashima Goyal
Core inflation is calculated by largely stripping away the volatile components of food and fuel. Goyal was referring to certain products that have linkages with oil prices
 "We should see core inflation dipping: RBI MPC member Ashima Goyal")
Monetary policy faces severe information constraints: RBI DG Patra
The moment inflation is released by NSO, it gets hit by unanticipated shocks, says RBI Deputy Governor Michael Patra
 "Monetary policy faces severe information constraints: RBI DG Patra")
India to grow at moderately brisk rate, inflation to ease: FinMin
India is well placed to grow at a "moderately brisk rate" in the coming years on the back of macroeconomic stability, despite global monetary tightening, a finance ministry reported
 "India to grow at moderately brisk rate, inflation to ease: FinMin")