Page 79 - Latest Updates on Inflation
Slowdown bites industry in Haryana; demand down 80%, 95k lose jobs: Report
From Rohtak to Bahadurgarh and Sonipat to Panipat, production at industrial units badly hit, says a media report
 "Slowdown bites industry in Haryana; demand down 80%, 95k lose jobs: Report")
Easing raw material costs promising for Indian consumer companies
While reporting a 4.5% fall in second-quarter profit and higher expenses, Nestle India said on July 28 it could see softening of prices in such commodities as edible oil and packaging materials.
 "Easing raw material costs promising for Indian consumer companies")
Japan's services sector nearly stagnates in July amid rising inflation
Japan's services sector activity almost completely stagnated in July as rising inflation and growing economic uncertainty weighed on sentiment.
 "Japan's services sector nearly stagnates in July amid rising inflation")
New Zealand employment market tight as wage inflation hits 14-year high
New Zealand's jobless rate held just above historic lows while wage inflation hit a 14-year high, raising prospect that the central bank might have to increase rates more aggressively than expected
 "New Zealand employment market tight as wage inflation hits 14-year high")
UK already in recession as cost of living crisis hits household incomes
The UK economy is already in recession as the cost of living crisis has devastating consequences for household incomes, a leading think tank has concluded
 "UK already in recession as cost of living crisis hits household incomes")
Looking through supply-side inflation is a flawed approach: Viral Acharya
Financial market dominance over central banks is a huge problem and challenge, former RBI deputy governor Viral Acharya says
 "Looking through supply-side inflation is a flawed approach: Viral Acharya")
Karma catches up with the rich
The world's most powerful nations are accountable for colossal economic and political mismanagement
 "Karma catches up with the rich")
Responding to global stagflation
Against an increasingly stagflationary global backdrop, domestic policy will have to judiciously assign different policy instruments to help achieve competing macro objectives
FM defends handling of inflation, says GST regime hasn't raised tax burden
In Rajya Sabha, Sitharaman said GST tax on food items such as rice, wheat flour and curd was agreed to by all states and that such a levy pre-existed on one or the other daily essentials in 22 states
 "FM defends handling of inflation, says GST regime hasn't raised tax burden")
Pakistan's consumer price index increases to 24.9% in July, at 14 year-high
Pakistan's consumer price index (CPI) rose 24.9 per cent year on year in July as compared to the same month a year ago when it was recorded at 8.4 per cent, according to official figures
 "Pakistan's consumer price index increases to 24.9% in July, at 14 year-high")
Covid-19, inflation and foreign aid cut accelerating health inequality: WHO
WHO Director-General has said that overlapping crises of Covid-19, inflation and cuts to foreign aid by wealthy countries are accelerating health inequality and disrupting health services.
 "Covid-19, inflation and foreign aid cut accelerating health inequality: WHO")
10-year bond yield eases to nearly three-month low, rupee gains
Softening of crude oil prices reduces upside risks to India's inflation, given that the country is among the biggest importers of the commodity
 "10-year bond yield eases to nearly three-month low, rupee gains")
Sensex sprints 545 pts, reclaims 58K; Nifty tops 17,300; TaMo up 7%, M&M 6%
CLOSING BELL: M&M (up 6 per cent) was the top Sensex gainer, followed by RIL, Maruti Suzuki, Bharti Airtel, Power Grid, Kotak Bank, Ultratech Cement, ITC, NTPC, SBI, Axis Bank, and Titan
 "Sensex sprints 545 pts, reclaims 58K; Nifty tops 17,300; TaMo up 7%, M&M 6%")
Falling commodity prices may soften inflation, but it may remain elevated
Parliament likely to discuss the matter today; MPC to consider matter at 3-day meet that begins on Wednesday
 "Falling commodity prices may soften inflation, but it may remain elevated")
It's a stock-pickers mkt; recovery to peak levels possible: Abhijit Bhave
'I strongly believe in the benefits of diversification within an asset class', said Abhijit Bhave
 "It's a stock-pickers mkt; recovery to peak levels possible: Abhijit Bhave")
The Great Resignation worked: Most job-swappers got a raise, shows data
For those who stayed, less than half saw real wage gains, according to a study by Pew Research Center
 "The Great Resignation worked: Most job-swappers got a raise, shows data")
An old, new bull market?
Rising inflation, rising interest rates, and slow growth together act as a cold wet blanket on the stock market
Inflation eats into India's rural demand while green shoots become visible
After a pandemic slump, consumer goods makers are banking on a good monsoon but erratic rain patterns make a sustained recovery open to question
 "Inflation eats into India's rural demand while green shoots become visible")
Pilots with Germany's Lufthansa back possible strike over pay dispute
The Vereinigung Cockpit union is calling for a 5.5% pay increase this year and an automatic adjustment for inflation starting next year.
 "Pilots with Germany's Lufthansa back possible strike over pay dispute")
Exports to take severe beating if recession hits US, Europe: Experts
Domestic demand may have to cushion the external impact
 "Exports to take severe beating if recession hits US, Europe: Experts")