Page 96 - Latest Updates on Inflation
What explains RBI's 'near-unanimous' inaction even as inflation was rising?
For the RBI, a correct reading of its mandate would have been that the inflation target is 4%, not 6%. And action to raise interest rates should have begun last year, writes T N Ninan
Three reasons that triggered a 1,100 points fall in Sensex today
Record-high inflation levels, dented prospects of corporate profitability and likelihood of contraction in economic growth continue to batter equities.
 "Three reasons that triggered a 1,100 points fall in Sensex today")
Highest inflation in Tokyo in over three decades makes things tough for BOJ
While Tokyo's inflation is finally approaching the 2% level targeted by the BOJ, the April figures are unlikely to prompt the central bank to cut back its monetary easing
 "Highest inflation in Tokyo in over three decades makes things tough for BOJ")
Dollar index hits 20-year high, sterling tumbles on dovish Bank of England
Stocks tumbled on Thursday as investors fretted the Fed might need to take more drastic action to bring inflation under control
 "Dollar index hits 20-year high, sterling tumbles on dovish Bank of England")
Costly beer and luxury cars? Consumers and profits fine with that
With costs of many raw materials flaring amid bottlenecks, companies have been testing how much they can raise prices after years of subdued inflation
 "Costly beer and luxury cars? Consumers and profits fine with that")
US Treasury Secretary Yellen sees possible 'soft landing' for US economy
"The Fed will need to be skillful and also lucky, but I believe it's a combination that is possible," Yellen said
 "US Treasury Secretary Yellen sees possible 'soft landing' for US economy")
US job cuts up in April, rising 2nd month straight as employers study risks
Job cuts in the United States rose for a second month in a row in April as employers assessed costs and the growing risk of inflation in a labor market that has mostly seen record demand for workers
 "US job cuts up in April, rising 2nd month straight as employers study risks")
RBI raised interest rates fearing 'shocker' April inflation data: Report
The central bank's move shocked the markets and drove bond yields to multi-year highs. The 10-year benchmark bond closed at 7.40% on Thursday, its highest in three years
 "RBI raised interest rates fearing 'shocker' April inflation data: Report")
Medium-term credit growth set for headwinds, predicts India Ratings
Capex revival could get delayed as companies await clarity on the macroeconomic front, says agency.
 "Medium-term credit growth set for headwinds, predicts India Ratings")
Economists expect higher rate hikes after RBI's hike to tame inflation
Most economists are now forecasting a cumulative 125-150 basis points of rate hikes over the next 12 months, compared with about 50 basis points expected three months ago
 "Economists expect higher rate hikes after RBI's hike to tame inflation")
RBI raises repo rate by 40 bps in surprise move; CRR increased by 50 bps
The 10-year government bond shot up 26 bps, with the street expecting another rate hike in the June policy
 "RBI raises repo rate by 40 bps in surprise move; CRR increased by 50 bps")
Inflationary pressures likely to continue on geopolitical tensions: RBI
The adverse effects of the unprecedented high global food prices due to the ongoing geopolitical situation is reflecting in the domestic market as well
 "Inflationary pressures likely to continue on geopolitical tensions: RBI")
High inflation, Ukraine crisis boost jewellery sales on Akshaya Tritiya
Jewellers of Kolkata are happy on the auspicious day of Akshaya Tritiya to witness a footfall jump of 30-40 per cent compared to normal days
 "High inflation, Ukraine crisis boost jewellery sales on Akshaya Tritiya")
Dollar approaches 20-year highs, US Federal Reserve meeting in focus
The Fed has taken an increasingly aggressive approach to monetary policy as it tackles inflation that is soaring at its fastest pace in 40 years
 "Dollar approaches 20-year highs, US Federal Reserve meeting in focus")
Britannia to take calibrated price hikes to manage profitability, says MD
According to the company, the economy was impacted by global geo-political factors which caused a further surge in inflation the January-March quarter of FY22
 "Britannia to take calibrated price hikes to manage profitability, says MD")
Gold dips as bond yields rise before Fed meeting expecting rate hike
The market is concerned that the Fed could be quite hawkish, pricing in a 50 basis point hike, and it could be 75 basis points in July, said Stephen Innes, managing partner at SPI Asset Management
 "Gold dips as bond yields rise before Fed meeting expecting rate hike")
Should investors stick to the adage: 'Sell in May and Go Away'?
Geopolitical tensions, rising inflation, the skewing margin of India Inc and slow growth are casting a shadow over Dalal Street. Will May see investors following the adage 'Sell in May and go away'?
 "Should investors stick to the adage: 'Sell in May and Go Away'?")
Hope fizzles for Japan's 'revenge spending' splurge as inflation looms
Some bigger companies have answered a government call to raise wages but the gains of some 2% will be swallowed up by higher prices of everything from flour, to diapers and beer, economists say
 "Hope fizzles for Japan's 'revenge spending' splurge as inflation looms")
Buffett says inflation an issue for Berkshire, 'swindles almost everybody'
Buffett said it was "extraordinary" how much inflation had been seen in Berkshire's own businesses
 "Buffett says inflation an issue for Berkshire, 'swindles almost everybody'")
Sri Lanka inflation rises to 29.8% in April from 18.7% last month
Months of lengthy blackouts and acute shortages of food, fuel and pharmaceuticals have triggered widespread protests calling for the government's resignation
 "Sri Lanka inflation rises to 29.8% in April from 18.7% last month")