Page 81 - Latest Updates on Inflation
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")
Global economy in grips of serious slowdown, inflation surge to endure
The global economy is in the grips of a serious slowdown, with some key economies at high risk of recession and only sparse meaningful cooling in inflation over the next year
Unilever hikes prices for products due to inflation, expects strong sales
The challenges of inflation persist and the global macroeconomic outlook is uncertain, but we remain intensely focused on operational excellence and delivery in 2022 and beyond, CEO Alan Jope said.
 "Unilever hikes prices for products due to inflation, expects strong sales")
Consumption weakness seen in rural India: Unilever CEO Alan Jope
During the quarter, HUL reported 19.5 per cent growth and the company took a 12 per cent price increase across its portfolio
 "Consumption weakness seen in rural India: Unilever CEO Alan Jope")
Gold price stalls as pre-Federal Reserve verdict jitters grip investors
Spot gold was flat at $1,719.49 per ounce by 1438 GMT. U.S. gold futures were little changed at $1,719.10.
 "Gold price stalls as pre-Federal Reserve verdict jitters grip investors")
US Fed on track for most aggressive rate hike cycle in 2022: Report
Cumulatively, this would be tantamount to about 350 bps rate hike during 2022, making it the most aggressive rate hike cycle, Acuite Ratings said in a report.
 "US Fed on track for most aggressive rate hike cycle in 2022: Report")
Pakistan raises power prices amid energy crisis despite rampant inflation
Inflation last month reached 21.3%, driven mainly by rising food costs, and the country also faces fast-depleting foreign reserves, a depreciating currency and widening current account deficit
 "Pakistan raises power prices amid energy crisis despite rampant inflation")
Markets dip for a second day ahead of Fed rate hike; Sensex falls 497 pts
The Sensex ended the session at 55,268, with a decline of 497 points, or 0.9 per cent
 "Markets dip for a second day ahead of Fed rate hike; Sensex falls 497 pts")
IMF cuts global growth forecast for next 18 mths, ups inflation projection
The IMF said problems in the US, China and the eurozone had resulted in global output falling in the second quarter of this year -- the first contraction since the start of the Covid-19 pandemic.
 "IMF cuts global growth forecast for next 18 mths, ups inflation projection")
Amazon hikes Prime subscription prices in UK, Europe by up to 43%
In an email to customers blaming "increased inflation and operating costs" for the hike, the e-commerce giant said that its annual Prime subscription will jump 20 per cent in the UK to 95 pounds
 "Amazon hikes Prime subscription prices in UK, Europe by up to 43%")
Fed rate-path uncertainty, European gas crunch dominate currency markets
The U.S. Federal Reserve starts a two-day meeting later in the day and is expected to deliver a 75 basis-point interest rate rise.
 "Fed rate-path uncertainty, European gas crunch dominate currency markets")
Zimbabwe debuts gold coin as legal tender to stem inflation, boost currency
The unprecedented move was announced on Monday by the country's central bank, the Reserve Bank of Zimbabwe, to boost confidence in the local currency
 "Zimbabwe debuts gold coin as legal tender to stem inflation, boost currency")
Dow Jones rises at start of big earnings week, Microsoft drags Nasdaq
The S&P 500 was up 5.49 points, or 0.14%, at 3,967.12, while the Nasdaq Composite was down 26.93 points, or 0.23%, at 11,807.19
 "Dow Jones rises at start of big earnings week, Microsoft drags Nasdaq")
US Fed expected to raise rates by 0.75 percentage points in July: Report
The report also showed a sharp rise in so-called core inflation - which strips out the volatile food and energy sectors - led by higher rent and shelter costs.
Pak rupee slumps to record low of 230 against dollar amid inflation fears
The Pakistani rupee has dropped to a record low against the US dollar with the exchange rate sliding to PKR 230, local media reported on Monday.
 "Pak rupee slumps to record low of 230 against dollar amid inflation fears")
India should adopt differentiated inflation targeting
Many commentators have laid blame on tight inflation targeting for fall in our growth rates and persistent unemployment
 "India should adopt differentiated inflation targeting")
Top Headlines: Inflation impact on India Inc profit, new SEZ law, and more
The early-bird results for the April-June 2022 quarter hinted at a decline in earnings, even as corporate revenue continued to grow at a fast clip
 "Top Headlines: Inflation impact on India Inc profit, new SEZ law, and more")
Revenue-oriented policies need to be reviewed to fight inflation
However, the government can review its excessive revenue-oriented policies to tackle inflation and boost domestic demand
Q1 early-bird results show inflation effect on India Inc's profits
First sequential contraction in corporate earnings after 4 quarters of expansion
 "Q1 early-bird results show inflation effect on India Inc's profits")
Despite fiscal steps, wheat, pulses and LPG see high inflation in July
The government announced a number of fiscal steps after overall inflation refused to come below six per cent since January this year.
 "Despite fiscal steps, wheat, pulses and LPG see high inflation in July")