Page 93 - Latest Updates on Inflation
Retail inflation may settle at 5.7-6.9% in FY23 after fuel duty cuts
Economists expect 40-50 bps hike in repo rate by MPC next month
 "Retail inflation may settle at 5.7-6.9% in FY23 after fuel duty cuts")
Default threat reaches Pak as inflation rises, political crisis worsens
Without a bailout from the International Monetary Fund, Pakistan may default for the second time in its history amidst inflation at its peak.
 "Default threat reaches Pak as inflation rises, political crisis worsens")
Govt imposes restrictions on sugar exports from June 1, says DGFT
However, it said that these restrictions would not be applicable on sugar being exported to the EU and the US under CXL and TRQ
 "Govt imposes restrictions on sugar exports from June 1, says DGFT")
Wall Street drops as economic data, weak forecasts re-ignite slowdown fears
Snap set for worst day on record after profit warning; Abercrombie & Fitch slumps after lowering revenue outlook
 "Wall Street drops as economic data, weak forecasts re-ignite slowdown fears")
India's entry-level cars lose steam as buyers wait it out in inflation
Industry's shift to more expensive models and international chip shortage drag down volumes to a 7-year-low
 "India's entry-level cars lose steam as buyers wait it out in inflation")
Rupee rebounds 15 paise to 77.55 on weak dollar, expected RBI rate hike
At the interbank forex market, the domestic unit opened at 77.69 against the US dollar. It moved in a range of 77.51 to 77.69 during the session
 "Rupee rebounds 15 paise to 77.55 on weak dollar, expected RBI rate hike")
Asia stocks stifled by inflation, rising interest rates and China concerns
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3% as the region's major markets traded in the red. Oil rose and gold extended its recent gains
 "Asia stocks stifled by inflation, rising interest rates and China concerns")
Oil prices at $110/barrel pose 'bigger threats' than inflation: Puri
Oil minister Hardeep Singh Puri said oil prices staying at $110/barrel could pose bigger threats than inflation to the global economy.
 "Oil prices at $110/barrel pose 'bigger threats' than inflation: Puri")
Best of BS Opinion: Confusing Sebi rules, Cong's electoral prospects & more
Here is the Best of BS Opinion for Monday
 "Best of BS Opinion: Confusing Sebi rules, Cong's electoral prospects & more")
China, climate & inflation: New Australian PM has his task cut out
Albanese seized upon the rising cost of living as a key issue in his attack on the outgoing coalition govt
 "China, climate & inflation: New Australian PM has his task cut out")
Opposition states follow Centre, reduce VAT on petrol and diesel
However, among BJP-ruled states, Gujarat was unlikely to follow suit and reduce VAT on petrol and diesel, said senior officials
 "Opposition states follow Centre, reduce VAT on petrol and diesel")
Centre likely to spend another $26 billion in FY23 to fight inflation
The government estimates another Rs 500 billion additional funds will be needed to subsidise fertilisers, from the current estimate of Rs 2.15 trillion, two officials said
 "Centre likely to spend another $26 billion in FY23 to fight inflation")
Statsguru: From food to fuel, here's how rising prices are affecting us
In April, the wholesale food price index rose 8.9 per cent, while the consumer food price index rose 8.4 per cent
 "Statsguru: From food to fuel, here's how rising prices are affecting us")
FMCG, paint companies feel the pain as rupee slides to an all-time low
The rupee's free fall comes at a time when FMCG and paint companies have been battling higher raw material costs for over a year, and have been forced to go for multiple rounds of price hikes
 "FMCG, paint companies feel the pain as rupee slides to an all-time low")
Fuel duty cuts likely to help ease retail inflation by up to 25 bps
But experts call for other fiscal measures too to bring inflation down
 "Fuel duty cuts likely to help ease retail inflation by up to 25 bps")
Markets will be in consolidation mode for some time: Manish Gunwani
From a two- to three-year perspective, the market looks reasonably rewarding after the recent correction.
 "Markets will be in consolidation mode for some time: Manish Gunwani")
Limited impact
Tax cuts will not lower inflation significantly
 "Limited impact")
Elevated levels of risk aversion akin to 2008 global meltdown: BofA survey
Covid-19 - which had ruled the charts as the biggest risk between 2020 and 2021 - has slipped down the pecking order, with only a net 1 per cent of respondents seeing it as a threat
 "Elevated levels of risk aversion akin to 2008 global meltdown: BofA survey")
CNG price hiked by Rs 2 per kg; rates up by Rs 19.60/kg in two months
The price of CNG in the national capital on Saturday was hiked by Rs 2 per kg, the 13th increase in rates in just over two months.
 "CNG price hiked by Rs 2 per kg; rates up by Rs 19.60/kg in two months")
Inflation likely to hit 40% in a few months: Sri Lanka's central bank
Holds interest rates, says it will take at least six months to repay debts
 "Inflation likely to hit 40% in a few months: Sri Lanka's central bank")