Page 94 - Latest Updates on Inflation
New Zealand hands out extra cash to over 2 mn adults to fight inflation
The inflation payments of 350 New Zealand dollars ($220) over three months begin in August and are targeted at the half of all adults who earn less than 70,000 New Zealand dollars ($44,000) per year
 "New Zealand hands out extra cash to over 2 mn adults to fight inflation")
MPC members argued for front-loading rate hikes in view of inflation
External member Jayanth Varma said 100 bps rate hike required 'very soon'
 "MPC members argued for front-loading rate hikes in view of inflation")
UK inflation rate up 9% in 12 months; hits 40-yr high as energy bill soars
The ONS said the rise resulted in 12-month inflation rates of 53.5 per cent for electricity and 95.5 per cent for gas, compared with rates of 19.2 per cent and 28.3 per cent, respectively, in March
 "UK inflation rate up 9% in 12 months; hits 40-yr high as energy bill soars")
Canada's inflation hits 6.8% in April, highest since January 1991
Canada's consumer prices rose 6.8 per cent year-over-year in April, a slight increase from 6.7 per cent in March, Statistics Canada said.
 "Canada's inflation hits 6.8% in April, highest since January 1991")
Second half of FY23 is likely to see higher earnings growth: Swati Kulkarni
We can see a possible earnings growth revival in the automobile sector if the raw material pressure softens and semiconductor availability improves
 "Second half of FY23 is likely to see higher earnings growth: Swati Kulkarni")
S&P cuts India's growth forecast for FY23 to 7.3%, sees inflation at 6.3%
The rating agency assumes that the Russia-Ukraine conflict is more likely to drag on and escalate than end earlier, pushing the risks to the downside
 "S&P cuts India's growth forecast for FY23 to 7.3%, sees inflation at 6.3%")
Record inflation, unemployment under 'failed' governance of Centre: Pilot
Congress leader Sachin Pilot on Wednesday targeted the BJP-led government at the Centre over the issue of inflation, saying it is "looting" people's income.
 "Record inflation, unemployment under 'failed' governance of Centre: Pilot")
S&P cuts FY23 India growth forecast to 7.3% on inflation, Ukraine war
S&P Global Ratings on Wednesday cut India's growth projection for the current fiscal to 7.3 per cent from 7.8 per cent earlier on rising inflation and the longer-than-expected Russia-Ukraine conflict.
 "S&P cuts FY23 India growth forecast to 7.3% on inflation, Ukraine war")
How is 'shrinkflation' helping FMCG companies tide over rising input costs?
FMCG companies are struggling. They have now resorted to 'shrinkflation' to cope with the increased input cost, without passing on the price burden to consumers. Our next report tells more about it
 "How is 'shrinkflation' helping FMCG companies tide over rising input costs?")
Sri Lanka's shattered economy awaits new finance head and rate hike
Prime Minister Ranil Wickremesinghe, appointed last week, is expected to soon choose a finance minister, who will help lead talks with the International Monetary Fund over badly needed aid
 "Sri Lanka's shattered economy awaits new finance head and rate hike")
RBI's multiple battles
It should not defend currency to contain inflation
 "RBI's multiple battles")
BofA slashes Nifty target to 16k by Dec on inflation, rate hikes concerns
After scaling many new highs, Dalal Street ended the fiscal 2022 with a healthy 18 per cent gains, and ended calendar 2021 with a healthier 24 per cent gains.
 "BofA slashes Nifty target to 16k by Dec on inflation, rate hikes concerns")
From households to enterprises to markets, expectations drive decisions
Expectations play an important role in decision-making. Enterprises and the financial markets, for example, allocate funds that reflect their expectations
EU revises growth forecast down to 2.7%, inflation estimate up at 6.1%
Real GDP growth in both the EU and the eurozone is now expected at 2.7 per cent in 2022 and 2.3 per cent in 2023, down from its February forecast of 4.0 per cent in 2022 and 2.8 per cent in 2023
 "EU revises growth forecast down to 2.7%, inflation estimate up at 6.1%")
Top headlines: LIC to list tomorrow; Biological E slashes Corbevax prices
Business Standard brings you the top headlines on Monday
 "Top headlines: LIC to list tomorrow; Biological E slashes Corbevax prices")
Inflation will take time to moderate even after rate hikes: SBI Research
SBI Research did a dipstick study to understand the impact of the war on the inflation trajectory in both the rural and urban areas.
 "Inflation will take time to moderate even after rate hikes: SBI Research")
Govt must cut import duty rates to combat inflation
Our government need not merely wait for the global commodity prices to drop but take active measures to supplement the actions of the monetary authorities
Am hoping govt, RBI will control inflation in medium term: EAC-PM member
Sanjeev Sanyal tells reporters govt is taking several steps to rein in process, including free rations, pruning of taxes; RBI has increased policy rate
 "Am hoping govt, RBI will control inflation in medium term: EAC-PM member")
The probability of stagflation worries mkts: Valentis Advisors MD Jaipuria
In conversation with Sundar Sethuraman, he says foreign flows may move to some of the under-performing markets within the emerging markets (EMs)
 "The probability of stagflation worries mkts: Valentis Advisors MD Jaipuria")
Egypt in talks with India on wheat export ban exemption: Official
India banned wheat exports on Saturday days after saying it was targeting record shipments this year, as a scorching heat wave curtailed output and domestic prices hit a record high
 "Egypt in talks with India on wheat export ban exemption: Official")