Page 2 - Consumer Price Inflation

India's consumer price inflation likely eased to 4.91% in Mar: Reuters poll

Inflation was expected to return to the RBI's target next quarter but be above it in subsequent quarters, according to a separate Reuters survey on the longer-term outlook

Amid healthy US jobs report, US Fed likely to delay interest rate cuts

US employers hired far more workers than expected in March and raised wages at a steady clip, the Labor Department said

Feb consumer price inflation forecast to edge down to 4-month low: Poll

Rises in food prices, which make up almost half of the consumer price index (CPI) basket and experience sharp swings often due to uneven monsoons, have recently outpaced overall inflation

Rupee gains 11 paise against the US dollar amid strong FPI inflows

The local currency strengthened for the eighth consecutive trading session on Friday; it touched an intraday high of 82.86 per dollar before settling at 82.92, compared to 83.03 on Thursday

Price pressure in food items to be transitory, says finance ministry

The finance ministry of Tuesday said the inflation in food items is likely to be transitory as preemptive measures by the government and arrival of fresh crops will cool prices, even though global uncertainty and domestic disruptions may keep inflationary pressures elevated for the coming months. In its Monthly Economic Review for July, the ministry said going forward, while domestic consumption and investment demand are expected to continue driving growth, enhanced provision for capital expenditure by the government in the current fiscal is now leading to crowding in of private investment. The consumer price index based retail inflation spiked to a 15-month high of 7.44 per cent in July 2023, with specific food commodities mainly driving the increase. Core inflation, however, stayed at a 39-month low of 4.9 per cent. Cereals, pulses and vegetables exhibited double-digit growth in July compared to the corresponding period last year. Disruption in domestic production also aggravated

Sensex drops 224 pts in fag-end, Nifty below 19,400; Delta Corp sinks 23%

CLOSING BELL ON JULY 12, 2023: Shares of online gaming firms wilted under selling pressure on Wednesday owing to the 28% GST levy. Meanwhile, HDFC signed-off its from the bourses with a 0.6% loss.

How to approach IT stocks amid tighter monetary policy, recession fears?

According to Jefferies, analysts' consensus revenue growth estimates for CY24 have been lowered for top clients of all IT firms, barring Wipro, with the highest cuts for HCL Tech and Tech Mahindra

Dollar hangs near five-week high as inflation data looms; yen slips

The risk-sensitive Australian and New Zealand dollars eased with Asian equities on worries that higher U.S. rates will choke growth. Sterling also retreated

US consumer prices dropped 0.1% in Dec 2022 but remain at record high

The US Consumer Price Index fell a very modest 0.1 percent in December, according to Labor Department data released Thursday

South Korea's consumer price grows 5.1% y-o-y, hits 24-yr high: Govt data

The price of utility services gained 12.6 per cent on-year in 2022, as South Korea, which depends heavily on imports for its energy needs, was hit by soaring global prices of key resources

CPI inflation eases to 11-month low of 5.9% in November; IIP contracts

Core inflation inches up; manufacturing activity declines

States to set up district-wise price monitoring centre for essential items

A senior government official indicated that the Center is making every effort to manage the prices of basic commodities through the Price Monitoring Division

Britain's inflation rate rises to 41-year high at 11.1% in October

Britain's inflation rate rose to a 41-year high in October, fuelling demands for the government to do more to ease the nation's cost-of-living crisis when it releases new tax and spending plans on Thursday. Consumer prices rose 11.1% in the 12 months through October, compared with 10.1% in September, the Office for National Statistics said Wednesday. The October figure exceeded economists expectations of 10.7%. Higher prices for food and energy drove October's inflation rate to the highest since October 1981, the ONS said. The new data comes a day before Treasury chief Jeremy Hunt is scheduled to unveil a new budget amid growing calls for higher wages, increased benefits and more spending on health and education as raging inflation erodes the spending power of people across the country. Those demands are complicating Hunt's efforts to close an estimated 50 billion-pound budget shortfall and restore the government's financial credibility after former Prime Minister Liz Truss's ...

Analysts see more legs to the market rally amid intermittent corrections

Analysts think it will not be a runaway rally from here on as the market valuations seem expensive

Inflation likely slowed in Oct, still well above RBI target band: Report

Forecasts ranged from 6.40% to 7.35%, with three-quarters of respondents expecting a figure under 7.00%, well below the recent peak of 7.79% in April. The RBI's tolerance band is 2-6%.

Inflation targeting in letter and spirit

There have not been good enough reasons outside of the RBI for inflation to have stayed above 6 percent

OECD, S&P keep India's economic growth forecasts unchanged for FY23

S&P noted that India's domestic recovery from Covid-19 would continue to support growth in FY23

FMCG firms offer discounts, price cuts as raw materials get cheaper

Food companies are still in wait and watch mode

India's retail inflation dips below 7% in July; IIP growth in double digits

RBI, in its latest monetary policy committee meeting had raised the rates by 50bps to 5.4 per cent, higher than the pre-pandemic level.

Pointed attack on inflation will need to continue, says FM Sitharaman

Her remarks came hours after official data showed that retail inflation in June stood at 7.01%. The print was lower than 7.04% recorded in May but still higher than RBI's comfort level of 6%.