Page 92 - Latest Updates on Inflation
Euro zone inflation hits new record, adding to case for big ECB rate hikes
Energy prices jumped 39.2%, highlighting how the war and the accompanying global energy crunch are making life more expensive for the eurozone's 343 million people
 "Euro zone inflation hits new record, adding to case for big ECB rate hikes")
Sri Lanka inflation jumps close to 40% in May as shortages persist
Food inflation surged 57.4%, while prices of non-food items jumped 30.6%, the data showed
 "Sri Lanka inflation jumps close to 40% in May as shortages persist")
India is better placed than others to face inflation, says CEA Nageswaran
Stagflation is the phase when an economy faces moderation in GDP growth as well as high inflation
 "India is better placed than others to face inflation, says CEA Nageswaran")
Wall Street analysts think any stock market rally will be short-lived
An analyst thinks earnings estimates remain too high and sees the S&P 500 trading close to 3,400 by the end of the second-quarter earnings season in mid-August
 "Wall Street analysts think any stock market rally will be short-lived")
Wall Street mixed amid inflation fears; Powell-Biden talks in focus
Energy outperformed with a 1.1% gain as Brent crude climbed above $120 a barrel
 "Wall Street mixed amid inflation fears; Powell-Biden talks in focus")
Registration of properties in Mumbai city up 78% in May at 9,523 units
Shishir Baijal, Chairman & Managing Director, Knight Frank India said the real estate market in Mumbai held steady despite the pressures of inflation, rising input costs and rise in stamp duty.
 "Registration of properties in Mumbai city up 78% in May at 9,523 units")
Gold set for monthly loss as US Treasury yields, dollar strengthen
The U.S. dollar strengthened following hawkish comments by a senior Federal Reserve official causing gold to retreat, Ricardo Evangelista, senior analyst at ActivTrades said in a note.
 "Gold set for monthly loss as US Treasury yields, dollar strengthen")
Rising inflation has led to marked slowdown in growth rates: HUL Chairman
HUL also said that notwithstanding these near-term challenges, the Indian FMCG sector offers significant potential for growth
 "Rising inflation has led to marked slowdown in growth rates: HUL Chairman")
Inflation fight, monsoon may take pressure off RBI: Former deputy governor
The govt's recent $26-bn fiscal package, which includes tax cuts and subsidies, as well as the RBI's rate increase earlier this month, should be able to cool inflation to 6%, says R Gandhi
 "Inflation fight, monsoon may take pressure off RBI: Former deputy governor")
US Federal Reserve won't flinch as labour market starts tailing off
US Fed will take the data in stride as it prepares to keep boosting interest rates and wait for a more-sustained cooling in job growth to help moderate wage gains and inflation
 "US Federal Reserve won't flinch as labour market starts tailing off")
UK household support package to have 'minimal impact' on inflation: Sunak
Sunak said on Thursday high inflation was now causing "acute distress".
 "UK household support package to have 'minimal impact' on inflation: Sunak")
Strong demand powers Indian economy past record inflation, for now
The activity backed by stronger new orders was accompanied by a bump in output prices as producers started passing on high raw material costs to consumers
 "Strong demand powers Indian economy past record inflation, for now")
What is downtrading?
People are hit by rising inflation. Like the FMCGs, which resorted to shrinkflation, consumers are now shifting to affordable products due to soaring prices. It is called downtrading. Let's know more
 "What is downtrading?")
Russian central bank slashes key rate to 11%, sees room to cut further
It announced the move at an extraordinary meeting after cutting the key rate to 14 per cent in April
 "Russian central bank slashes key rate to 11%, sees room to cut further")
Moody's cuts CY22 India GDP growth forecast to 8.8% amid rising inflation
Says rise in crude, food, and fertiliser prices will weigh on household spending
 "Moody's cuts CY22 India GDP growth forecast to 8.8% amid rising inflation")
RBI to hike repo rate by 50 bps, lower FY23 growth to 7% in June: Barclays
The central bank will likely revise its inflation estimate to 6.2-6.5 per cent, which is way above the upper end of its tolerance band of 2-6 per cent, the economists at Barclays said
 "RBI to hike repo rate by 50 bps, lower FY23 growth to 7% in June: Barclays")
Market strategy: Time to buy, sell or hold stocks? Here's what analysts say
Timing the markets to catch a low, analysts caution, will not be a wise strategy at the current levels given the slew of domestic and global developments over the next few weeks
 "Market strategy: Time to buy, sell or hold stocks? Here's what analysts say")
US economy contracted by 1.5% in Q1, but consumers kept spending
Last quarter's drop in the US gross domestic product the broadest gauge of economic output does not likely signal the start of a recession.
 "US economy contracted by 1.5% in Q1, but consumers kept spending")
Inflation, rates hikes may push yields up further: DSP Investment's Yadav
In a Q&A, the head of the fixed income vertical at the firm says the 10-year benchmark rising above 7% is normal and not a sign of instability
 "Inflation, rates hikes may push yields up further: DSP Investment's Yadav")
Inflationary concerns may delay GST rate rationalisation: Report
With the inflation rate ruling at an all-time high, there is hardly any scope for GST rate rationalisation, say sources
 "Inflationary concerns may delay GST rate rationalisation: Report")