Page 83 - Latest Updates on Inflation
22 states, UTs see rise in inflation, despite marginal reduction overall
Lakshadweep was the only UT where the urban inflation rate was in double digits in June
 "22 states, UTs see rise in inflation, despite marginal reduction overall")
Group representing Indian crypto exchanges to be dismantled: Report
The Internet and Mobile Association of India (IAMAI) is dismantling BACC after disagreement and allegations that crypto exchanges were not following an internal code of conduct
 "Group representing Indian crypto exchanges to be dismantled: Report")
June WPI-based inflation cools to 15.18% from May's four-decade high
June WPI inflation of 15.18 per cent comes on the back of a high base of 12.07 per cent for the same month in 2021
 "June WPI-based inflation cools to 15.18% from May's four-decade high")
Global recession fears may ease inflationary pressures: Govt report
CAD will deteriorate if crude prices don't come down
 "Global recession fears may ease inflationary pressures: Govt report")
US inflation impact: Global recession fears to cool WPI inflation in India
Impact on CPI inflation to come later, rupee depreciation to negate some of this impact
 "US inflation impact: Global recession fears to cool WPI inflation in India")
Rupee falls to 79.88 against dollar with 100 bps Fed hike on cards
The domestic currency, which had closed at 79.64/$ at its previous close, slipped to a low of 79.92/$ intraday
 "Rupee falls to 79.88 against dollar with 100 bps Fed hike on cards")
Oil prices fall ahead of potential large US rate hike, possible inflation
Brent crude futures for September were down 18 cents to $99.39 a barrel at 0727 GMT after settling below $100 for the second straight session on Wednesday
 "Oil prices fall ahead of potential large US rate hike, possible inflation")
Inflation in Asia Pacific economies to subside early: Moody's Analytics
Inflation in Asia Pacific economies is expected to subside earlier as commodity prices retreat, but country-specific factors could lead to different inflation outcomes, said Moody's Analytics
 "Inflation in Asia Pacific economies to subside early: Moody's Analytics")
Oil prices tick down in early trade as inflation woes take centre stage
Brent crude futures for September fell 20 cents, or 0.2%, to $99.37 a barrel by after gaining 8 cents on Wednesday.
 "Oil prices tick down in early trade as inflation woes take centre stage")
Farm to Fork: Consumers curb discretionary spends to combat inflation
Households are repaying debt and replacing costlier loans with cheaper options; rising costs are taking a toll on ability to save enough
 "Farm to Fork: Consumers curb discretionary spends to combat inflation")
Rupee ends at new low as global risk fears spur rush to safe-haven dollar
The rupee has already lost 0.5% to the greenback this week, taking the depreciation for 2022 so far to 6.7%
UK economy unexpectedly jumps in May as doctors and travel agents get busy
Britain's new finance minister, Nadhim Zahawi, welcomed the signs of growth but said there was no room for complacency
 "UK economy unexpectedly jumps in May as doctors and travel agents get busy")
Nomura cuts 2023 India GDP forecast to 4.7% amid recession fears
Despite the government's recent fiscal steps to counter inflation, Nomura believes, there are upside risks to inflation from the continued pass-through of higher input costs
 "Nomura cuts 2023 India GDP forecast to 4.7% amid recession fears")
Gasoline, food drive US inflation to four-decade high of 9.1% in June
This should keep the Federal Reserve on track for another big interest-rate hike later this month
 "Gasoline, food drive US inflation to four-decade high of 9.1% in June")
Low growth and high inflation expected this year: N Chandrasekaran
The World Bank last month cut India's economic growth forecast for the current fiscal to 7.5 per cent owing to rising inflation, supply chain disruptions and geopolitical tensions
 "Low growth and high inflation expected this year: N Chandrasekaran")
Inflation in India to be about 5% by March 23, reveals SBI report
The State Bank of India (SBI) expects the inflation in India to be about five per cent by March 23
Economists see waning urgency for India's RBI to go for large hikes
Citigroup Inc. economists expect a 35 basis-point increase in borrowing costs at the Reserve Bank of India's next Monetary Policy Committee meeting in August, a move also predicted by Barclays Plc
 "Economists see waning urgency for India's RBI to go for large hikes")
The recent correction has removed froth in the broader market: C J George
India will be the fastest growing large economy in the world. Our corporate profit to GDP is on a steady uptrend. Therefore, India will outperform
 "The recent correction has removed froth in the broader market: C J George")
Govt's targeted steps minimised impact of inflation-led prices on poor: FM
Quotes UNDP report on cost of living crisis in developing countries, says inflation, supply chain disruptions, Ukraine war will push zero per cent of India's population below poverty line
 "Govt's targeted steps minimised impact of inflation-led prices on poor: FM")
Pointed attack on inflation will need to continue, says FM Sitharaman
Her remarks came hours after official data showed that retail inflation in June stood at 7.01%. The print was lower than 7.04% recorded in May but still higher than RBI's comfort level of 6%.
 "Pointed attack on inflation will need to continue, says FM Sitharaman")