Page 76 - Latest Updates on Inflation
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")
Inflation trajectory may be benign going forward, says SBI report
The Reserve Bank of India has raised the repo rate by 140 basis points to 5.40 per cent since May to tackle high inflation
 "Inflation trajectory may be benign going forward, says SBI report")
Concerns over runaway inflation and CAD seem to have tapered off
India poised to be world's fastest growing economy this year
 "Concerns over runaway inflation and CAD seem to have tapered off")
Crypto derivatives volumes surge to $3.12 trillion in July: Report
The derivatives market now makes up 69% of total crypto volumes, up from 66% in June, and helped push overall crypto volumes on exchanges to $4.51 trn in July, CryptoCompare said
 "Crypto derivatives volumes surge to $3.12 trillion in July: Report")
Gas prices dip just below $4 a gallon for the first time in 5 months in US
Falling prices for gas, airline tickets and clothes are giving consumers a bit of relief, although inflation is still close to a four-decade high.
 "Gas prices dip just below $4 a gallon for the first time in 5 months in US")
Sensex up 515 pts, Nifty tops 17,650 on lower-than-expected US inflation
CLOSING BELL: Easing CPI figures reduced the probability of a 75-bps rate hike in the upcoming US FOMC meeting
 "Sensex up 515 pts, Nifty tops 17,650 on lower-than-expected US inflation")