Page 68 - Latest Updates on Inflation
Morgan Stanley revises rate call on RBI to 50 bps on sticky inflation
In the RBI's monthly bulletin released late Friday, the central bank said it will have to front-load its monetary policy to fight high inflation and shield medium-term growth.
 "Morgan Stanley revises rate call on RBI to 50 bps on sticky inflation")
Stagflation-free Asia leaving taper tantrums behind as currencies fare well
The foreign-exchange stockpiles Asian economies built up have helped cushion the impact of this year's market turmoil, which has spurred the largest equity outflows for at least a decade.
 "Stagflation-free Asia leaving taper tantrums behind as currencies fare well")
BSE Mid-cap indices snap 12-week winning streak since August 2020
In the aftermath of the pandemic, the BSE MidCap Index had risen for 14 consecutive weeks, clocking 29% gain
 "BSE Mid-cap indices snap 12-week winning streak since August 2020")
Firms starting to pass on rising costs amid pick-up in demand: RBI study
Report says the gap between output and input prices widened during the pandemic, particularly after the first Covid-19 wave
 "Firms starting to pass on rising costs amid pick-up in demand: RBI study")
Former RBI Governor Rangarajan bats for maintaining hawkish stance on rates
Ex-RBI Governor C Rangarajan advocated maintaining the ongoing hawkish stance by Reserve Bank of India to tame inflation and expected that the rupee will strengthen with resumption of capital inflow
 "Former RBI Governor Rangarajan bats for maintaining hawkish stance on rates")
Global stocks, Wall Street futures lower amid inflation pressure
Wall Street's benchmark S&P 500 index lost 1.1% on Thursday, adding to declines after August inflation stayed near a four-decade high despite four interest rate hikes this year to slow the
 "Global stocks, Wall Street futures lower amid inflation pressure")
Indonesia's fuel price hike affects tourism sector after rising inflation
Indonesia's inflation at the end of August reached 4.6% year on year, slightly lower than the previous month's 4.9%, and both figures exceeded the central bank's target range from around 2 to 4%
 "Indonesia's fuel price hike affects tourism sector after rising inflation")
Crypto wrap: 'Merge' in focus, inflation figures still key, say experts
Bitcoin, the largest crypto token by market capitalisation, was trading at $21,750 on Friday. On Monday, it had briefly hit the $25,000 mark
 "Crypto wrap: 'Merge' in focus, inflation figures still key, say experts")
Biden talks about inflation, Russia-Ukraine war in '60 Minutes' interview
President Joe Biden sat down this week for his first interview of his presidency with the news magazine show 60 Minutes
 "Biden talks about inflation, Russia-Ukraine war in '60 Minutes' interview")
World Bank sees rising risk of global recession in 2023 amid rate hikes
Synchronised interest rate hikes under way globally are likely to continue well into 2023, but might not be sufficient to bring inflation back down to levels seen before the pandemic, the bank said
 "World Bank sees rising risk of global recession in 2023 amid rate hikes")
Bharat Jodo Yatra started to break govt's silence on inflation: Congress
The wholesale price-based inflation eased to a 11-month low of 12.41 per cent in August, on softening in prices of manufactured and fuel products, even as food items remained expensive
 "Bharat Jodo Yatra started to break govt's silence on inflation: Congress")
Rupee slides as US CPI data stokes speculation of 100 bps Fed hike
Higher US interest rates typically leads to a stronger dollar and reduces the appeal of emerging market assets for global investors
 "Rupee slides as US CPI data stokes speculation of 100 bps Fed hike")
WPI-based inflation softens to 11-month low at 12.41% in August
However, this is the 17th consecutive month since April 2021 that the factory-gate inflation has remained in the double digit, primarily driven by rising energy and food prices
 "WPI-based inflation softens to 11-month low at 12.41% in August")
TCS becomes India's most valuable brand in 2022, says Kantar BrandZ report
TCS replaces HDFC Bank, which held the number one spot since 2014
 "TCS becomes India's most valuable brand in 2022, says Kantar BrandZ report")
Further correction in IT stocks not ruled out amid multiple headwinds
The IT industry is seen as a hedge against rupee depreciation
 "Further correction in IT stocks not ruled out amid multiple headwinds")
'Inflation has peaked' narrative premature, impact to stay: Crypto experts
Bitcoin, the largest cryptocurrency by market cap, has fallen nearly 10 per cent since the Fed announcement of the inflation figures and was trading at $20,367.16 on Wednesday
 "'Inflation has peaked' narrative premature, impact to stay: Crypto experts")
Inflation in Germany soars to record level of 7.9% in August: Authorities
Government measures such as a cheap 9-euro ticket for public transport and a fuel discount had a "slight downward effect on overall inflation"
 "Inflation in Germany soars to record level of 7.9% in August: Authorities")
IMF looks at ways to help countries affected by global food shock
About 50 nations meet the criteria, with 20 to 30 being in need "immediately," Georgieva said
 "IMF looks at ways to help countries affected by global food shock")
Amid high inflation, surge in services demand helps steady India's economy
The indicators showed sentiment in the services sector -- which accounts for over 50% of the $3.2 trillion economy -- was upbeat, tax revenue were robust and demand for loans high.
 "Amid high inflation, surge in services demand helps steady India's economy")
State govts step up relief measures for households battling inflation
Kerala distributed a package of free food items costing about 450 rupees ($5.70) each to over 8 million families during the Onam festival earlier this month.
 "State govts step up relief measures for households battling inflation")