Page 63 - Latest Updates on Inflation
Reduction in sown acreage to feed inflation: Bank of Baroda report
The reduction in sown area for rice and pulses during Kharif season is expected to feed inflation in the coming months, said Bank of Baroda in a report.
 "Reduction in sown acreage to feed inflation: Bank of Baroda report")
Sri Lanka's central bank to hold rates as inflation worries persist
The CBSL has raised rates by a record 950 basis points this year to battle high inflation which is adding to the country's economic woes
 "Sri Lanka's central bank to hold rates as inflation worries persist")
Turkey inflation hits fresh 24-year high of 83% in September, shows data
The acceleration follows a series of interest-rate cuts this year by central bank Governor Sahap Kavcioglu that threaten to pile even more pressure on inflation
 "Turkey inflation hits fresh 24-year high of 83% in September, shows data")
India's economic growth to decline to 5.7% in 2022, says UNCTAD
As economic activity is hampered by higher financing cost and weaker public expenditures, GDP growth is projected to decelerate to 5.7 per cent in 2022," it explained.
 "India's economic growth to decline to 5.7% in 2022, says UNCTAD")
Turkey's annual inflation hits new 24-year high at 83.45% in September
Turkey's annual inflation reached a new 24-year high of 83.45 per cent in September, according to official data on Monday, pushing the cost of essential goods higher and further hitting households
 "Turkey's annual inflation hits new 24-year high at 83.45% in September")
Service sector may be included in the Wholesale Price Index soon: Report
A government panel headed by Niti Aayog's Ramesh Chand is finalising the changes in the WPI to include 60 per cent of the economy for the first time
 "Service sector may be included in the Wholesale Price Index soon: Report")
RBI plays out familiar script, more rate hikes to follow
In 2019, when retail inflation was 3%, the policy rate was 5.75%. Now inflation hovers around 7% and the policy rate is 5.9%. It needs to move up
Inflation may fall to 5.2% next fiscal on normal rains, supply ease: Report
High inflation remains a key policy concern for the Reserve Bank but the pressure might ease next fiscal assuming normal rains and further normalisation of global supply chains, said an RBI report
 "Inflation may fall to 5.2% next fiscal on normal rains, supply ease: Report")
Economy seen as sweet spot world over; inflation at manageable level: FM
Finance minister Nirmala Sitharaman on Saturday said inflation is at a manageable level.
 "Economy seen as sweet spot world over; inflation at manageable level: FM")
India Inc's credit rating upgrade momentum continues in first half of FY23
Profiles have adequate headroom to navigate the current challenges.
 "India Inc's credit rating upgrade momentum continues in first half of FY23")
Higher rates to hit real estate and infrastructure projects, say experts
Worried that the rising rates will hit new projects, CEOs said new loans will cost more this increasing the cost of projects
 "Higher rates to hit real estate and infrastructure projects, say experts")
RBI raises repo rate by 50 bps to 3-year high; FY23 GDP forecast cut to 7%
Inflation target retained at 6.7%; trajectory remains uncertain: Governor
 "RBI raises repo rate by 50 bps to 3-year high; FY23 GDP forecast cut to 7%")
Inflation seen staying above 4% in FY23, to average 5.2% in FY24: RBI
Das says RBI won't make public the communication on failure of achieving target to govt
 "Inflation seen staying above 4% in FY23, to average 5.2% in FY24: RBI")
Meta to cut headcount for first time, slash budgets across teams
Meta will likely be smaller in 2023 than it was this year, he said.
 "Meta to cut headcount for first time, slash budgets across teams")
RBI expects inflation to come down to 4% over the next two years
RBI which announced the review of policy today, decided to increase the policy repo rate by 50 bps to 5.9%
 "RBI expects inflation to come down to 4% over the next two years")
Wall Street keeps stocks down as US dollar rises on higher inflation
The declines Friday cap a week of global market turmoil in which recession fears already sapped stocks and currency markets were rocked by dollar strength
 "Wall Street keeps stocks down as US dollar rises on higher inflation")
Inflation, external pressure priority over growth: Finance ministry
The MPC also cut its FY23 GDP growth forecast to 7 per cent from 7.2 per cent, with Governor Shaktikanta Das acknowledging that there were downside risks to economic growth
 "Inflation, external pressure priority over growth: Finance ministry")
Inflation forcing rural India to buy fewer essentials items: Report
A new report reveals people in villages are concerned about inflation and its impact on their financial condition
 "Inflation forcing rural India to buy fewer essentials items: Report")
Inflation hits 10% in 19 EU nations using euro, electricity prices up
Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar, signalling a looming winter recession
 "Inflation hits 10% in 19 EU nations using euro, electricity prices up")
Belgium's inflation rate escalates to 47-year high at 11.27% in Sept
The inflation rate in Belgium increased to 11.27 per cent in September, its highest level since August 1975, the country's statistical office Statbel said
 "Belgium's inflation rate escalates to 47-year high at 11.27% in Sept")