Page 95 - Latest Updates on Inflation
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")
Government, RBI behind the curve in controlling inflation: Congress
The party also termed the government's decision to ban wheat exports as anti farmer.
 "Government, RBI behind the curve in controlling inflation: Congress")
Consumer inflation at 8-year high of 7.79% may 'trigger' quicker rate hikes
Given the tone of urgency in RBI's statement to support the altered inflation-growth dynamics, "we now revise our call and expect the RBI to hike repo rate by an additional 60 bps in the rest of FY23"
 "Consumer inflation at 8-year high of 7.79% may 'trigger' quicker rate hikes")
India seeks WTO waiver to sell subsidised foodgrains in world market
'WTO's priority must be to revive world economy, sustain post-pandemic growth'
 "India seeks WTO waiver to sell subsidised foodgrains in world market")
Russian inflation jumps to 17.83% in April, highest since early 2002
Inflation in Russia has accelerated sharply after Russia began what it calls "a special military operation" in Ukraine on Feb. 24.
New Zealand's annual food prices rise 6.4%, hike across all food categories
"Inflation of food prices has generally been increasing since a low of 0.5 percent in the year to March 2021," consumer prices manager Katrina Dewbery said in a statement
 "New Zealand's annual food prices rise 6.4%, hike across all food categories")
70% Americans view inflation as very big problem, finds Pew survey
The survey noted that more than two years into the Covid-19 pandemic, just 19 per cent of Americans rate the coronavirus outbreak as a very big problem for the country
 "70% Americans view inflation as very big problem, finds Pew survey")
Inflation: Your soap or cookies may not be getting pricier but lighter
Companies have moved toward lighter loads in their cheapest packages amid rising costs of edible oils, grains and fuel
 "Inflation: Your soap or cookies may not be getting pricier but lighter")
Better placed than peers to fight inflation: Finance ministry report
The report said that seen over a longer time horizon, inflation in India's economy has not been as much a challenge as is sensed from month-to-month changes
 "Better placed than peers to fight inflation: Finance ministry report")
Bears tighten grip: Indices slide as inflation woes, FPI selling weigh
Nifty down 7.6% in May; over Rs 26-trillion market cap eroded
 "Bears tighten grip: Indices slide as inflation woes, FPI selling weigh")
Where is Sri Lanka headed next after Gotabaya Rajapaksa refuses to resign
Gotabaya Rajapaksa is refusing to step down, and the opposition has declined his offers of a unity government without constitutional change that would reduce the powers of the presidency.
 "Where is Sri Lanka headed next after Gotabaya Rajapaksa refuses to resign")
Feeling the inflation pinch? Cut back on discretionary expenses
If home loan EMI is straining your budget, ask lender to increase tenor
 "Feeling the inflation pinch? Cut back on discretionary expenses")
RBI may 'kill excess demand' in economy in six-eight months
The RBI increased the limit for keeping specified securities in the HTM portfolio from 22 per cent to 23 per cent
 "RBI may 'kill excess demand' in economy in six-eight months")
Don't see inflation as challenge for tariff hike: Vi CEO Ravinder Takkar
Says subscriber churn post tariff hike last November not significant; effect of 20% hike has been absorbed in third and fourth quarter, helped Vi to register growth in revenue and ARPU
 "Don't see inflation as challenge for tariff hike: Vi CEO Ravinder Takkar")
European Central Bank rate hike can come as soon as July, says Lagarde
The ECB should end its stimulus bond-buying scheme "early in the third quarter", Lagarde said in a speech in Ljubljana
 "European Central Bank rate hike can come as soon as July, says Lagarde")
Sensex ends 277pts lower, Nifty 73pts; L&T, Bajaj twins slip; banks rebound
In the primary market, Venus Pipes & Tubes IPO was subscribed 2 times on Day 1 of the offer period; Delhivery IPO was off to a slow start.
 "Sensex ends 277pts lower, Nifty 73pts; L&T, Bajaj twins slip; banks rebound")
From soaps to biscuits, price hikes by FMCG firms may not dim the pain
According to data by Bizom, mid-single-digits to double-digit price rises are being seen in all essential foods because of the increase in input, logistics, and packaging costs
 "From soaps to biscuits, price hikes by FMCG firms may not dim the pain")
Inflation-brace for aftershocks
Goods producers have passed on more input cost increases than services producers
 "Inflation-brace for aftershocks")
China's zero-Covid rules to impact freight costs, global inflation
China's 'witless' rules have left hundreds of cargo ships stranded on the ports which will impact freight costs and global inflation.
 "China's zero-Covid rules to impact freight costs, global inflation")
Only Congress governs for welfare of poor, middle class: Rahul Gandhi
After the hike on Saturday, Gandhi had said millions of Indian households are waging a difficult battle against "extreme inflation", unemployment and "poor governance"
 "Only Congress governs for welfare of poor, middle class: Rahul Gandhi")