Page 63 - Latest Updates on Inflation
September CPI inflation at 7.41 per cent: How analysts interpret the number
Analysts at UBS expect headline CPI inflation to average 6.7 per cent YoY in FY23 and see RBI's policy outlook to be data dependent contingent on the Fed action
 "September CPI inflation at 7.41 per cent: How analysts interpret the number")
Macro policy for uncertain times
External storms are morphing into hurricanes. India is in a relatively better position than many other countries, but this period of heightened volatility will require agility and clarity on policy
 "Macro policy for uncertain times")
UK economy shrank in August, now on brink of recession: Report
Weakness in manufacturing and maintenance work in North Sea oil and gas fields contributed to a 0.3% fall in GDP from July, and the report also showed how a jump in inflation was hitting consumers
 "UK economy shrank in August, now on brink of recession: Report")
High food prices push retail inflation to 5-month high of 7.41% in Sept
IIP shrinks 0.8% in Aug - a first in 17 months
 "High food prices push retail inflation to 5-month high of 7.41% in Sept")
India's growth, external profile solid buffers against turbulence: S&P
More severe conditions could put pressure on its sovereign credit ratings, says agency
 "India's growth, external profile solid buffers against turbulence: S&P")
RBI to submit report on failure to tackle inflation for 3 qtrs since Jan
With inflation staying above the upper tolerance limit for nine months, the Reserve Bank will now have to submit a report to the central government detailing reasons for the failure to contain prices
 "RBI to submit report on failure to tackle inflation for 3 qtrs since Jan")
Top headlines: India's CPI inflation rises to 7.4%; Wipro Q2 net falls 9%
Business Standard brings you top news of the evening
 "Top headlines: India's CPI inflation rises to 7.4%; Wipro Q2 net falls 9%")
Auto, retail, BFSI favorable investment bets in Samvat 2079: Vinay Paharia
The fair value growth of the Nifty is expected to be healthy in the long run, driven by a strong economic growth outlook, says Paharia
 "Auto, retail, BFSI favorable investment bets in Samvat 2079: Vinay Paharia")
'Hurricane' of risks threatens emerging countries, says G20 chair
Emerging and developing nations face a "hurricane" of risks from rising energy costs and food insecurity, and any resilience some countries may have won't last long, the G20 chair said
 "'Hurricane' of risks threatens emerging countries, says G20 chair")
Opportune time to stock up on gold as global inflation surges, rupee falls
Low prices and the underlying demand for the yellow metal, coupled with high inflation are positives
 "Opportune time to stock up on gold as global inflation surges, rupee falls")
IMF lowers growth outlook for 2023 global economy to 2.7% amid Ukraine war
The International Monetary Fund is downgrading its outlook for the world economy for 2023, citing a long list of threats that include Russia's war against Ukraine, chronic inflation pressures
 "IMF lowers growth outlook for 2023 global economy to 2.7% amid Ukraine war")
Fire-fighting Bank of England forced to buy inflation-linked bonds
Bank of England says will buy index-linked gilts, a move that represents new headache for UK PM Truss; bank warns of "material risk" to financial stability
 "Fire-fighting Bank of England forced to buy inflation-linked bonds")
FMCG companies may see price hike-led revenue growth In July-September
Volumes to remain under pressure due to grammage reductions
 "FMCG companies may see price hike-led revenue growth In July-September")
Sept retail inflation likely to hit five-month high of 7.30% on food prices
India's retail inflation accelerated to a five month high of 7.30% in September due to surging food prices, staying well above the Reserve Bank of India's (RBI) upper tolerance band
 "Sept retail inflation likely to hit five-month high of 7.30% on food prices")
Statsguru: Six charts show mounting trade troubles amid uncertain outlook
WTO also revised global growth figures downwards. It now expects the world to register a 2.3 per cent growth, compared to the April estimate of 3.2 per cent for 2023
 "Statsguru: Six charts show mounting trade troubles amid uncertain outlook")
Prices of wheat continue to soar despite govt's price control measures
Despite government's effort to check the spiralling prices of essential kitchen commodities, the average retail prices of these items including wheat continue to rise
 "Prices of wheat continue to soar despite govt's price control measures")
Issues like inflation, unemployment should be core to politics: Congress
Congress says that inflation and unemployment should be core to politics and people's issues should be the main topic of public discourse
 "Issues like inflation, unemployment should be core to politics: Congress")
UK needs to cut 200,000 govt jobs over next few years to avoid debt spiral
Public-sector wages are on track to increase 5% this year, around half the current rate of inflation but higher than budgeted when spending plans were drawn up in 2021.
Crypto weekly wrap: Binance hack, inflation fears keep volatility high
The biggest news of the crypto world this week was that roughly $100 million of Binance Coin was stolen by hacking. It has sent the price of Binance down by 4 per cent
 "Crypto weekly wrap: Binance hack, inflation fears keep volatility high")
India's services activity cools to 6-month low in Sep; job creation slows
PMI for services sector released by S&P Global dipped to 54.3 in September from 57.2 in August as weak external demand weighed on overall sales, with international order declining during the month
 "India's services activity cools to 6-month low in Sep; job creation slows")