Page 57 - Latest Updates on Inflation
Inflation in India less as compared to US, UK, other nations: Rajnath Singh
According to Singh, exports in the defence sector have risen from Rs 900 crore in 2014 to Rs 18,000 crore this year
 "Inflation in India less as compared to US, UK, other nations: Rajnath Singh")
IMF says global economic outlook getting 'gloomier', risks abound
IMF blamed the darker outlook on tightening monetary policy triggered by persistently high and broad-based inflation, weak growth momentum in China, and ongoing supply disruptions
 "IMF says global economic outlook getting 'gloomier', risks abound")
Year 2023 will be year of disinflation in Asia: Morgan Stanley report
The year 2023 will be the year of disinflation (inflation at slow rate) in Asia, said Morgan Stanley in a research report.
 "Year 2023 will be year of disinflation in Asia: Morgan Stanley report")
India's WPI inflation eases to 8.39% in October from 10.7% in September
The index for manufactured products saw a decline of 0.42 per cent month-on-month (MoM) and the inflation in fuel and power category saw a fall of 1.65 per cent
 "India's WPI inflation eases to 8.39% in October from 10.7% in September")
Inflation, Ukraine war make world economy gloomier than last month: IMF
In last month's WEO, IMF cut its forecast for global growth next year to 2.7%, from 2.9% seen in July and 3.8% in Jan, adding that it sees a 25% probability that growth will slow to less than 2%
 "Inflation, Ukraine war make world economy gloomier than last month: IMF")
Inflation now at manageable level, expect better margins in H2: Pidilite MD
The inflation is still high compared to the past, but it has come down to a 'manageable level', Pidilite Industries Managing Director Bharat Puri has said.
 "Inflation now at manageable level, expect better margins in H2: Pidilite MD")
Expect next inflation print to be below 7%, says RBI Governor Das
May see earlier end to global inflation if supply chains are restored, RBI Governor Shaktikanta Das said Saturday
 "Expect next inflation print to be below 7%, says RBI Governor Das")
Moody's slashes India's GDP growth forecast for 2022 by 70 bps to 7%
Weak rupee, and high oil prices cited as reasons for the downward revision
 "Moody's slashes India's GDP growth forecast for 2022 by 70 bps to 7%")
Amazon becomes world's first listed firm to lose $1 trillion in market cap
Amazon and Microsoft Corp. were neck-and-neck in the race to breach the unwelcome milestone, with the Windows software maker close behind after having lost $889 billion from a November 2021 peak
 "Amazon becomes world's first listed firm to lose $1 trillion in market cap")
Biggest challenge for central bankers now to bring inflation down: IMF
"There's really a very narrow path to get things right," Gopinath said, noting that the dollar's sharp rise had important macroeconomic implications for a host of countries around the world
 "Biggest challenge for central bankers now to bring inflation down: IMF")
Bank of England's forecasts under fire from former UK rate-setters
Five former Bank of England rate setters have attacked their old employer for going soft on inflation despite hiking borrowing costs last Thurday to a 14-year high
 "Bank of England's forecasts under fire from former UK rate-setters")
Sensex dips 420 pts on weak global cues; Aurobindo Pharma down 12%, TaMo 5%
CLOSING BELL: Hero MotoCorp, HDFC Bank, Kotak Bank, ONGC, Bharti Airtel, and Dr Reddy's Labs, meanwhile, eked out gains up to 2.6 per cent
 "Sensex dips 420 pts on weak global cues; Aurobindo Pharma down 12%, TaMo 5%")
Inflation likely slowed in Oct, still well above RBI target band: Report
Forecasts ranged from 6.40% to 7.35%, with three-quarters of respondents expecting a figure under 7.00%, well below the recent peak of 7.79% in April. The RBI's tolerance band is 2-6%.
 "Inflation likely slowed in Oct, still well above RBI target band: Report")
Global supply chains gear up for overhaul next year, survey shows
The survey also showed concerns were broader than supply chains, with 51% of respondents saying their expect the environment for international trade to be harder next year
 "Global supply chains gear up for overhaul next year, survey shows")
US midterm: Republicans limp toward house control with Senate still in play
While Democrats have reason to rejoice, the fate of President Joe Biden's legislative agenda still hangs in the balance and the prospect of government gridlock looms
 "US midterm: Republicans limp toward house control with Senate still in play")
Cost inflation overhang set to hit Jubilant FoodWorks in near term
The stock was down 7.55 per cent in trade on Wednesday and ended at Rs 566.45 per share
 "Cost inflation overhang set to hit Jubilant FoodWorks in near term")
Food bills zoom as UK grocery inflation soars to record 14.7%: Report
The jump in prices means the average annual shop is set to rise by £682 ($782) even as consumers contend with rising energy bills as the weather gets colder
 "Food bills zoom as UK grocery inflation soars to record 14.7%: Report")
Inflation, rising costs to slow down digital transformation: Report
About 58 per cent healthcare industry professionals globally believe that digital transformation initiatives would be slowed down due to inflation and rising costs, a new report showed on Tuesday
 "Inflation, rising costs to slow down digital transformation: Report")
Inflation targeting in letter and spirit
There have not been good enough reasons outside of the RBI for inflation to have stayed above 6 percent
Best of BS Opinion: Reservations about EWS, an extraordinary decade & more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Reservations about EWS, an extraordinary decade & more")