Page 97 - Latest Updates on Inflation
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")
Central bank of Russia lowers key interest rate by 300 basis points to 14%
"With price and financial stability risks no longer on the rise, conditions have allowed for the key rate reduction," Xinhua news agency quoted the bank as saying on Friday
 "Central bank of Russia lowers key interest rate by 300 basis points to 14%")
Inflation in Sri Lanka rises 29.8% in April amid crisis: Central bank
This increase was driven by the monthly increases in both food and non-food categories, according to the central bank on Friday
 "Inflation in Sri Lanka rises 29.8% in April amid crisis: Central bank")
US Fed's closely watched inflation measure continues to surge 6.6% in March
Excluding the volatile food and energy, the core PCE price index increased 5.2 per cent in March from a year ago, compared with 5.3 per cent in February, Xinhua news agency reported
 "US Fed's closely watched inflation measure continues to surge 6.6% in March")
Inflation hits record high of 7.4% in 19 countries using euro: Eurostat
Annual inflation hit 7.5% for April, the highest since statistics started in 1997 and the sixth record in a row, topping the old record of 7.4% from March
 "Inflation hits record high of 7.4% in 19 countries using euro: Eurostat")
US economy posts surprise contraction, belying solid consumer picture
While the surprise contraction adds to political headaches for President Joe Biden, it's unlikely to dissuade the Federal Reserve from hiking interest rates aggressively to combat inflation
 "US economy posts surprise contraction, belying solid consumer picture")
Global economic growth risks jolt inflation-obsessed financial markets
The International Monetary Fund and World Bank fanned growth fears further last week when they cut 2022 global forecasts by nearly a full percentage point
 "Global economic growth risks jolt inflation-obsessed financial markets")
Russia-Ukraine conflict, inflation drives Q1 jump in gold demand, WGC says
Strong demand for gold-based exchange traded funds (ETFs) helped to boost total gold demand to 1,234 tonnes in the first three months of 2022
 "Russia-Ukraine conflict, inflation drives Q1 jump in gold demand, WGC says")
High oil prices behind inflation in India, monetary tightening needed: IMF
To enhance India's growth potential, it is important to address structural weaknesses of the Indian economy that provide bottlenecks to achieve longer-lasting growth: Anne-Marie Gulde-Wolf
 "High oil prices behind inflation in India, monetary tightening needed: IMF")
RBI to hike repo rate in June, earlier than previously thought: Poll
RBI Repo rate hike: Retail inflation will likely soar further as a spike in global energy prices since Russia's invasion of Ukraine seeps into consumer prices
 "RBI to hike repo rate in June, earlier than previously thought: Poll")
IMF asks Sri Lanka to harden monetary policy, hike tax to address debt woes
The country of 22 million people has requested loans from the IMF as it struggles to pay for imports amid crushing debt and a sharp drop in foreign exchange reserves that has fueled soaring inflation
 "IMF asks Sri Lanka to harden monetary policy, hike tax to address debt woes")
Top headlines: Musk to buy Twitter, LIC board to meet today to fix IPO date
Business Standard brings you top headlines of the day
 "Top headlines: Musk to buy Twitter, LIC board to meet today to fix IPO date")
Raising policy rates is not anti-national, RBI will have to do it: Rajan
Inflation is up in India. At some point, the RBI will have to raise rates, like the rest of the world is doing, Rajan said
 "Raising policy rates is not anti-national, RBI will have to do it: Rajan")
Inflation is No.1 concern for India Inc: CII president T V Narendran
Corporates are looking at inflation with some concern about input costs: Narendran
 "Inflation is No.1 concern for India Inc: CII president T V Narendran")
Pakistan asks IMF to pour in more funds, raise programme duration
The country's new government led by Shehbaz Sharif has promised populist measures and kept fuel prices unchanged this month to provide relief to citizens grappling with Asia's second-fastest inflation
 "Pakistan asks IMF to pour in more funds, raise programme duration")
Risky debt to increase by Rs 60,000 cr in FY23, says India Ratings report
An analysis of 1,385 corporate entities led the domestic ratings agency to trim revenue growth projection for entities in a post-war scenario
 "Risky debt to increase by Rs 60,000 cr in FY23, says India Ratings report")
ReNew Power's Sumant Sinha on economic recovery amid disruptions
In a chat with Business Standard's Arup Roychoudhury, CEO of ReNew Power and President of Assocham Sumant Sinha tells why India could grow at 6-8% per annum if external risks don't upset the cart
 "ReNew Power's Sumant Sinha on economic recovery amid disruptions")
With global finances at risk, can India avoid a repeat of the 1991 crisis?
India may have done well by keeping commercial bank lending to the government within manageable limits, but RBI has been lending more to the government, which means it has been printing more notes
Missing inflation mandate is a possibility: RBI's MPC member Jayanth Varma
'The markets should not assume we will guide them, because the data is coming without warning', said Varma
 "Missing inflation mandate is a possibility: RBI's MPC member Jayanth Varma")
Want to beat inflation? Hedge your portfolio with exposure to gold
Stock investors must avoid highly leveraged companies and those trading at steep valuations to beat inflation.
 "Want to beat inflation? Hedge your portfolio with exposure to gold")