Page 74 - Latest Updates on Inflation
Global stocks lower after FOMC's July minutes suggest US inflation too high
Global stock markets and Wall Street futures mostly declined on Thursday after the Federal Reserve said US inflation is too high despite aggressive rate hikes, suggesting support for more increases
 "Global stocks lower after FOMC's July minutes suggest US inflation too high")
Sensex ends 352 pts off day's lows, rises 38 pts; L&T, Airtel top gainers
CLOSING BELL: The recovery was led by Kotak Bank (up 4 per cent), L&T, Bharti Airtel, SBI, HDFC Bank, HDFC, and ITC
 "Sensex ends 352 pts off day's lows, rises 38 pts; L&T, Airtel top gainers")
Inflation not impacting phone sales revenue; 50k bookings in a day: Samsung
Samsung feels the ongoing worries on inflation are unlikely to dent mobile phones business in India, adding that it sees a healthy double-digit growth in its revenues this year
 "Inflation not impacting phone sales revenue; 50k bookings in a day: Samsung")
UK inflation hits double digits in July for the first time in 40 years
The Consumer Prices Index rose 10.1% in July in the UK from a year earlier after a 9.4% gain the month before
 "UK inflation hits double digits in July for the first time in 40 years")
At 10.1%, Britain's inflation hits 40-year high as food prices soar
According to ONS, annual inflation for essential food items is now running at 12.7%, up from 9.8% in June, fuelled largely by price rises for basics such as bread, milk, cheese and eggs
 "At 10.1%, Britain's inflation hits 40-year high as food prices soar")
Volatile cotton prices, weak domestic demand hurt Gujarat's denim industry
Most MSMEs running at 60 per cent capacity as high input prices have also made exports costlier
 "Volatile cotton prices, weak domestic demand hurt Gujarat's denim industry")
Inflation: Things might get 'better' towards Sept-end, says SBI chairman
He said the supply side constraints getting addressed and crude oil prices trending low will help ease the situation
 "Inflation: Things might get 'better' towards Sept-end, says SBI chairman")
India's July WPI inflation eases to 13.93% as food, fuel prices decline
Wholesale Price Index-based (WPI) inflation was 15.18 per cent last month and at a record high of 16.63 per cent in May. It was 11.57 per cent in July 2021
 "India's July WPI inflation eases to 13.93% as food, fuel prices decline")
Inflation: Things might get 'better' towards Sept-end, says SBI Chairman
State Bank of India's (SBI) Chairman Dinesh Khara on Tuesday said that things might get "better" on the inflation front towards the end of September.
 "Inflation: Things might get 'better' towards Sept-end, says SBI Chairman")
WPI inflation eases to 5-month low of 13.93% in July; food prices soften
India's wholesale price inflation in July eased to lowest in five months at 13.93 per cent against 15.18 per cent in June
 "WPI inflation eases to 5-month low of 13.93% in July; food prices soften")
'Too little, too late': China interest rate cut spurs call for more moves
Unlike many advanced economies right now, China's core inflation -- which excludes volatile energy and food prices -- is pretty tame, slowing to merely 0.8% in July
 "'Too little, too late': China interest rate cut spurs call for more moves")
Israel's inflation rate hits 5.2% as fruits prices hike; highest since 2008
Israel's monthly inflation rate in July was 1.1 per cent, following a 0.4% in June, mainly due to an increase of 8.5% in fresh fruit prices and 3.3% in transport prices
 "Israel's inflation rate hits 5.2% as fruits prices hike; highest since 2008")
Inflation, labour shortages to delay recovery in business travel spending
A recovery in global business travel spending to pre-pandemic levels is likely to be delayed by 18 months to 2026, a new industry forecast shows
 "Inflation, labour shortages to delay recovery in business travel spending")
Driven by pouring tourists, Thailand's baht achieves year-end targets
The currency jumped 2.3 per cent to about 35.45 per dollar this month, leading gains in Asia by a wide margin
 "Driven by pouring tourists, Thailand's baht achieves year-end targets")
Secret to enduring stagflation sends investors to emerging markets
Stocks and bonds of poorer nations have sunk this year amid Federal Reserve tightening and runaway consumer prices, and may sell off even more if the global economy stalls
 "Secret to enduring stagflation sends investors to emerging markets")
Inflationary impact on FMCG price and margin to continue in Q2: Industry
FMCG companies also expect volume decline to continue in the rural side but see some stabilisation in the business and recovery in demand, starting from the third quarter of FY23
 "Inflationary impact on FMCG price and margin to continue in Q2: Industry")
With inflation at 8.9%, Europe bond rally at risk of complacent market
With the worst yet to come in Europe, strategists say policy makers may hike more aggressively than many expect, upending a bond rally that some say has gone too far
 "With inflation at 8.9%, Europe bond rally at risk of complacent market")
75th Independence Day: Retailers look to end season sales on a high
Some offering discounts up to 75%, keeping up with the 75th Independence Day theme
 "75th Independence Day: Retailers look to end season sales on a high")
Cooling food prices pull inflation down to five-month low in July
Industrial output stays robust, tops pre-Covid level
 "Cooling food prices pull inflation down to five-month low in July")
CPI numbers for March 2023 could be even lower than 5%: SBI Ecowrap
The inflation trajectory for India is expected to be benign and CPI numbers for March 2023 could be even lower than 5 per cent, due to signs of softening crude oil prices
 "CPI numbers for March 2023 could be even lower than 5%: SBI Ecowrap")