Page 71 - Latest Updates on Inflation
Analysts remain bearish on liquor companies despite Q1 volume gains
Raw material pressures and lack of pricing power key reasons for this view
 "Analysts remain bearish on liquor companies despite Q1 volume gains")
As inflation rages on, Fed hopes August hiring report will show slowdown
The government is expected to report that employers added 300,000 jobs last month, according to a survey of economists by the data provider FactSet
 "As inflation rages on, Fed hopes August hiring report will show slowdown")
Inflation and war stoking civil unrest across the globe, shows research
Of 198 countries tracked in the Civil Unrest Index, 101 showed mounting risk in the third quarter of 2022, according to research collected by intelligence firm Verisk Maplecroft
 "Inflation and war stoking civil unrest across the globe, shows research")
Pakistan inflation hits record 47-year high before full impact of flood
Consumer prices rose 27.26% last month from a year earlier, according to data released by the government Thursday.
 "Pakistan inflation hits record 47-year high before full impact of flood")
Amid floods, inflation, a political crisis is the last thing Pakistan needs
Accused of economic mismanagement and toppled in a no-confidence vote in April, Imran Khan has since kept up a steady stream of attacks on the coalition government that replaced him
India's manufacturing growth stays robust in Aug, inflation eases
S&P Global's Manufacturing Purchasing Managers' Index dips slightly to 56.2 in August from 56.4 in July
 "India's manufacturing growth stays robust in Aug, inflation eases")
Dollar jumps to 20-year high as data supports aggressive Fed hike
The report also showed that layoffs dropped in August, despite hefty interest rate increases from the Fed to quell inflation, which have raised the risk of a recession
 "Dollar jumps to 20-year high as data supports aggressive Fed hike")
India's August diesel demand slumps due to monsoon rains and inflation
Fuel demand in India, the world's third biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are hit by heavy floods
 "India's August diesel demand slumps due to monsoon rains and inflation")
Sensex sinks 770 pts, Nifty gives up 17,550 amid global sell-off; PSBs soar
CLOSING BELL: Reliance Industries tanked 3 per cent today, contributing nearly 30 per cent of the losses on the Sensex
 "Sensex sinks 770 pts, Nifty gives up 17,550 amid global sell-off; PSBs soar")
Inflation in Italy surges by 8.4% to reach a 37-year high in August
Prices in Italy were 8.4 per cent higher in August than they were a year earlier, a level that had not been recorded since December 1985, the country's National Institute of Statistics reported
 "Inflation in Italy surges by 8.4% to reach a 37-year high in August")
Disappointing GDP data, weak global cues to weigh on market sentiments
Analysts said there are signs of the waning of the intensity of tailwind generated by economic reopening
 "Disappointing GDP data, weak global cues to weigh on market sentiments")
Farm sector clocks 4.5% growth in Q1 on robust rabi harvest, price rise
Growth at current prices which touched a high of 17.4 per cent mainly due to sharp spikes in almost all farm commodities in the first quarter of the 2022-23 financial year.
 "Farm sector clocks 4.5% growth in Q1 on robust rabi harvest, price rise")
Private consumption, capital investment rises in Q1, govt consumption slows
The GDP numbers, Finance Secretary T V Somanathan said this trend was par for the course, as GFCF in Q1 was usually lower than the previous year's Q4.
 "Private consumption, capital investment rises in Q1, govt consumption slows")
Q1 GDP growth misses estimates despite low base; govt spending subdued
13.5% expansion in June QTR despite low base; GVA at basic prices up 12.7%
 "Q1 GDP growth misses estimates despite low base; govt spending subdued")
Inflation hits 9.1% in countries using euro currency as fuel prices soar
Inflation in the European countries using the euro currency hit another record in August, fuelled by soaring energy prices mainly driven by Russia's war in Ukraine
 "Inflation hits 9.1% in countries using euro currency as fuel prices soar")
Shop price inflation in the UK rises to 5.1%, highest rate on record
Food price increases hit 9.3% with milk, margarine and crisps seeing the biggest rises
 "Shop price inflation in the UK rises to 5.1%, highest rate on record")
Commercial vehicle volumes to stay resilient as recovery takes hold in FY23
Margin pressures may continue on competitive pressures, input cost inflation
 "Commercial vehicle volumes to stay resilient as recovery takes hold in FY23")
Oil prices slide more than $7 on inflation concerns and Iraq exports
Investors will watch the meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known collectively as OPEC-plus, on Sept 5
 "Oil prices slide more than $7 on inflation concerns and Iraq exports")
Sri Lanka's economy continues to deteriorate, inflation rate spikes in July
The economic situation has continued to deteriorate in Sri Lanka, with the headline inflation rate spiking to another record high in July, World Food Programme (WFP) said on Tuesday
 "Sri Lanka's economy continues to deteriorate, inflation rate spikes in July")
Oil prices slip as inflation woes outweigh possible OPEC+ output cuts
IEA members nations could release more oil from strategic petroleum reserves (SPR) if they find it necessary when the current scheme expires, the head of the agency also said
 "Oil prices slip as inflation woes outweigh possible OPEC+ output cuts")