Page 62 - Latest Updates on Inflation
Risk-reward not favourable in near to mid term: Nomura India's Mukherjee
He says that the market valuation premium over emerging market (EM) peers is around 70% versus the long-term average of nearly 40%
 "Risk-reward not favourable in near to mid term: Nomura India's Mukherjee")
Truss plan a 'mistake' amid 'worldwide inflation', says Joe Biden
Joe Biden called embattled British Prime Minister Liz Truss' abandoned tax cut plan a "mistake," and said he is worried that other nations' fiscal policies may hurt the US amid "worldwide inflation."
 "Truss plan a 'mistake' amid 'worldwide inflation', says Joe Biden")
Inflation 'manageable' at 7.4%, love to see it down to 4%, says Sitharaman
However, anticipating critics, Sitharaman added that the government is working to bring it down under 6% and would like to bring it down under 6% and "ideally" to 4%
 "Inflation 'manageable' at 7.4%, love to see it down to 4%, says Sitharaman")
Austria's central bank revises nation's inflation forecast to 8.5%
Austria's central bank OeNB revised upwards its inflation forecasts for 2022 through 2024, citing surging energy prices and wage costs
 "Austria's central bank revises nation's inflation forecast to 8.5%")
Indices rebound on global cues despite high US inflation; Sensex rises 1.2%
Dip in dollar and bonds boosts global equities
 "Indices rebound on global cues despite high US inflation; Sensex rises 1.2%")
WPI inflation eases to 18-month low of 10.7% as pricing pressure softens
The data released on Wednesday showed CPI-based inflation again shot up to 7.6 per cent in September, up from 7 per cent in August
 "WPI inflation eases to 18-month low of 10.7% as pricing pressure softens")
Inflation will not come below RBI's tolerance level in FY23: IMF's Choueiri
India relative bright spot in the world; 6.8 per cent growth rate 'really a good number': Senior executive
 "Inflation will not come below RBI's tolerance level in FY23: IMF's Choueiri")
RBI's repo rate hike was necessary to combat inflation risks: MPC minutes
The MPC is of the view that further calibrated monetary policy action is warranted to keep inflation expectations anchored
 "RBI's repo rate hike was necessary to combat inflation risks: MPC minutes")
PM Modi will have to answer questions on inflation, unemployment: Rahul
Former Congress president Rahul Gandhi on Friday sought to know from Prime Minister Modi why inflation and unemployment were at a high and said the government will have to answer these questions
 "PM Modi will have to answer questions on inflation, unemployment: Rahul")
Global stocks surge after Wall Street rebounds from inflation jolt
Global stock markets surged on Friday after Wall Street rebounded from a slump caused by higher-than-forecast inflation numbers
 "Global stocks surge after Wall Street rebounds from inflation jolt")
Inflation rate in Portugal accelerated to 9.3% in Sept, highest in 30 yrs
The inflation rate in Portugal accelerated to 9.3 per cent in September, the highest since October 1992, the National Statistics Institute said.
 "Inflation rate in Portugal accelerated to 9.3% in Sept, highest in 30 yrs")
India festival spending booms despite inflation worries, global slowdown
Online and offline sales during the Hindu festival period starting in the last week of September and lasting until early November are estimated to cross $27 billion
 "India festival spending booms despite inflation worries, global slowdown")
Worsening inflation in US will pressure Fed to keep raising interest rates
Inflation in the United States accelerated in September, with the cost of housing intensifying pressure on households and ensuring that the Federal Reserve will keep raising interest rates
 "Worsening inflation in US will pressure Fed to keep raising interest rates")
Sweden's inflation hits 9.7% during September; highest level in 30 years
Inflation keeps breaking records in Sweden, with the CPIF (Consumer Price Index with fixed interest rate) 12-month inflation hitting 9.7 per cent in September, the highest level in three decades
 "Sweden's inflation hits 9.7% during September; highest level in 30 years")
Act now to bring down inflation, safeguard financial stability: IMF Chief
The International Monetary Fund urged policy makers across the world to act now to bring down inflation, put in place responsible fiscal policy, and safeguard financial stability
Private bets shield big investors from inflation, spiraling interest rates
The big question now looming over giants from China's $1.2 trillion sovereign wealth fund to California's public pension, the largest in the US, is how long those private bets will remain insulated
 "Private bets shield big investors from inflation, spiraling interest rates")
Best of BS Opinion: Beyond inflation target, lessons from Maiden, and more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Beyond inflation target, lessons from Maiden, and more")
As MPC fails on CPI mandate, RBI's growth-inflation balance gets trickier
The central bank will now have to provide a report to the government explaining the reasons for the failure and the steps to be taken
India's inflation at 7.4%; What are inflation numbers in other countries?
Since the start of the Russia-Ukraine war in February, almost all the economies have been facing high inflation mainly driven by high commodity costs, and supply chain constraints
India's economy faces significant external headwinds, says IMF
Earlier this week, the Washington-based fund lowered India's growth forecast by 0.6 percentage points to 6.8% for the year ending March 2023 -- the biggest downgrade among major economies after the US
 "India's economy faces significant external headwinds, says IMF")