Page 80 - Latest Updates on Inflation
Cost inflation, exceptional expense spoil Jubilant FoodWorks Q1 show
The Ebitda margins are expected to remain in the 24-25 per cent this fiscal and the acquisition of 40 per cent stake in Roadcast Tech Solutions will help improve efficiencies in delivery
 "Cost inflation, exceptional expense spoil Jubilant FoodWorks Q1 show")
Market sentiment gets a boost as FPI selloff stems in July after 10 months
What led to such record outflows? "Rising global central banks' rates, rupee depreciation, expensive valuations and geopolitical risks," says BofA in a note.
 "Market sentiment gets a boost as FPI selloff stems in July after 10 months")
Smart policy choice can help you tackle medical inflation: Experts
Most Ayush treatment happens out-patient; your policy may not be very useful if it offers only hospitalisation cover
 "Smart policy choice can help you tackle medical inflation: Experts")
Euro zone's inflation at record 8.9% in July, highest since 1997
Annual inflation in the eurozone's 19 countries rose to 8.9 per cent in July, an increase from 8.6 per cent in June
 "Euro zone's inflation at record 8.9% in July, highest since 1997")
Sri Lanka inflation rises to 60.8% in July as dollar crunch persists
Transport costs surge 143.6%, while food prices have increased 90.9%
 "Sri Lanka inflation rises to 60.8% in July as dollar crunch persists")
Crypto watch: Winter in the market is not over yet, argue experts
As the cryptocurrency market cap crossed $1.1 trillion mark on Friday and Bitcoin rose above $24,000, experts said that 'we are not there yet'
 "Crypto watch: Winter in the market is not over yet, argue experts")
Inflation hits record 8.9% in 19 countries using euro amid Ukraine conflict
Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices driven partly by Russia's war in Ukraine.
 "Inflation hits record 8.9% in 19 countries using euro amid Ukraine conflict")
S Koren Prez's approval rating sinks below 30% amid inflation, controversy
South Korean President Yoon Suk-yeol's approval rating fell to a new low, going below 30% for the first time, amid soaring inflation and controversy over personnel appointments, a poll revealed
 "S Koren Prez's approval rating sinks below 30% amid inflation, controversy")
US Fed's pyrrhic victory over inflation after policy rate hiked by 75 bps
Powell cannot afford to take his eyes off the prize - to get inflation down
 "US Fed's pyrrhic victory over inflation after policy rate hiked by 75 bps")
Gold jewellery demand in India likely to dip in H2: World Gold Council
At the global level, the demand for gold (excluding OTC) was 8 per cent lower y-o-y at 948 tonnes. Combined with Q1-2022, the total demand in the first half of 2022 came in at 2,189t, up 12 per cent
 "Gold jewellery demand in India likely to dip in H2: World Gold Council")
Rupees, bonds gain despite 75 bps US Fed rate hike to tackle inflation
Markets perceive Fed as being less hawkish
 "Rupees, bonds gain despite 75 bps US Fed rate hike to tackle inflation")
Experts expect some inflation, CAD relief after US Fed hikes rates
MPC will be guided more by domestic inflation-growth dynamics than US central bank measures, they say
 "Experts expect some inflation, CAD relief after US Fed hikes rates")
US economy shrinks for a second quarter, fueling recession fears
Surging inflation, rising rates, and continued supply chain snags to blame
 "US economy shrinks for a second quarter, fueling recession fears")
Mastercard warns of inflation pinch after solid quarter for card issuers
Consumers across the globe have been showing signs of cracking in face of decades-high price pressures, with purchases at retailers including Walmart shifting away from big-ticket items to essentials
 "Mastercard warns of inflation pinch after solid quarter for card issuers")
Dollar pares gains as US economic growth contracts for second quarter
The second straight quarterly decline in GDP meets the standard definition of a recession. It comes as the Fed aggressively hikes rates in an attempt to choke off soaring inflation.
 "Dollar pares gains as US economic growth contracts for second quarter")
Global shares take breather after Fed rally, dollar retreats on yen
The U.S. Federal Reserve had surprised no one by lifting rates 75 basis points (bps) to 2.25%-2.50% on Wednesday, but did alter its statement to cite some softening in recent data.
 "Global shares take breather after Fed rally, dollar retreats on yen")
US economy seen narrowly averting back-to-back contractions in Q2
Economists expect GDP to grow at annualised 0.4% in April-June period; consumer spending likely decelerated 1.2% on an annual basis
 "US economy seen narrowly averting back-to-back contractions in Q2")
ECGC to conduct special country rating review on surge in global inflation
There has been a sharp rise in prices of inputs impacting international trade after the Russia-Ukraine conflict early this year
 "ECGC to conduct special country rating review on surge in global inflation")
RBI MPC preview: Das and Co may hike repo rate by 25-50 bps in August
If the inflation remains above 6% on average for the next three months, the RBI will have to explain to the govt in writing the reasons for its failure to keep the rate of price rise in check
 "RBI MPC preview: Das and Co may hike repo rate by 25-50 bps in August")
And now sneaky shrinkflation is driving people crazy in the United States
Measuring inflation is hard. The goal is to capture changes in the overall price level - the numbers on every price tag - not swings in relative prices
 "And now sneaky shrinkflation is driving people crazy in the United States")