Page 5 - Inflation Data

India's inflation higher than Russia and China, projected to ease

Inflation in advanced economies is expected to remain above target levels, according to IMF

Dollar firm ahead of Powell testimony, sterling falls after inflation data

The dollar rose 0.5% against the Japanese yen to 142.15 per dollar after Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank would maintain its ultra-loose monetary policy

We are only pausing on rates, too early to call on inflation fight: Das

After unanimously pausing for the second time in a row, the Reserve Bank on Thursday reiterated that leaving the key rates and the stance unchanged is not a pivot but only a pause and that future policy actions will purely be data-dependent as a durable fall in inflation is still a long way. Earlier in the day, the RBI governor-led rate-setting panel MPC unanimously left the repo rate unchanged at 6.50 per cent and maintained that they will continue to work towards withdrawing policy accommodation. The six-member panel also reiterated continuing measures to bring inflation under the target in a durable manner. While consumer price index -based inflation eased in March and April and moved into the tolerance band, headline inflation is still above the mandated target of 4 per cent and is expected to remain so during the rest of the current fiscal, said Governor Shaktikanta Das announcing the monetary policy. "Therefore, close and continued vigil on the evolving inflation outlook is .

Retail inflation affected bottom 20% of rural India more, shows CRISIL data

The impact of inflation on different income classes depends on their consumption pattern and the weight of those items in the consumer price index

Inflation data, earnings, global cues to guide market this week: Analysts

WPI inflation data for March, quarterly earnings, global trends and foreign fund trading activity are major factors that will drive equity markets this week, analysts said. Investors would also focus on the movement of crude oil prices and the trend in the rupee against the US dollar. Wholesale Price Index (WPI) inflation data for March would be released on Monday. "Trend in global markets, domestic and global macroeconomic data, crude oil prices and movement of the rupee against the dollar will dictate the trend this week," said Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd. HCL Technologies, Hindustan Zinc, Tata Coffee and Tata Communications are some of the major firms that will announce their quarterly earnings this week. "Focus will be on earnings and global markets for cues. On the earnings front, participants will first react to Infosys and HDFC Bank's numbers in early trade on Monday," Ajit Mishra, VP - Technical Research, Religare Broking Ltd, .

Rupee edges up as dollar softens ahead of US inflation data, Fed minutes

The rupee was trading at 82.0750 per dollar by 10:44 a.m. IST compared with 82.1250 in the previous session

At 3.85%, India's wholesale inflation falls to lowest since January 2021

Earlier on Monday, the government data showed that the Consumer Price Index (CPI)-based inflation was at 6.44% in February

Fed may not pause rate hike cycle despite SVB crisis: Nomura

US inflation, Nomura said, is still elevated and the Fed will look to bring it down going ahead.

Argentina records 98.8% year-on-year inflation in January, shows data

Transportation (5.9 per cent), home equipment and maintenance (5.4 per cent), and health (4.9 per cent) also reported strong monthly hikes

RBI rejects RTI seeking information on its correspondence with govt

The report mentioned the debate on disclosure of the RBI's failure to meet the flexible retail inflation target of 2-6% for three straight quarters between January and September

Pak inflation creates new record in Jan, hits highest level after 1975

While mired in a terrible economic crisis, Pakistans inflation created a new record in January and reached the highest level after 1975, mainly due to supply constraints

Australian dollar jumps, kiwi slumps after unexpected inflation data

The euro held near a nine-month peak against the dollar, as traders weighed a rosier growth outlook for the euro zone against growing signs of a looming US recession

Egypt's annual headline inflation increased to 21.9% in December 2022

The increase in prices of basic commodities was behind the rise in the monthly inflation rate: CAPMAS said

Inflation data pushes indices up after 2 days; Sensex up 403 points

Only five counters closed in the red -Tata Steel, Nestle India, Maruti Suzuki, Titan and HUL, slipping up to 0.54 per cent

India's inflation numbers may be lower than official data suggests: Report

India's inflation numbers might be better than official data suggests once the massive impact of a government food program is factored in, according to a report released Monday

Inflation struck European firms seek most emergency funds since pandemic

Firms grappling with high inflation and soaring operating costs are seeking fresh short-term liquidity lines in an echo of the worst days of the 2020 coronavirus pandemic

Gold treads water as traders await direction from US inflation data

The US Consumer Price Index (CPI) data due at 1230 GMT is forecast to come in at a hot 8.1% year-on-year in September

Gold prices hold steady as US' inflation data takes centre stage

U.S. gold futures were down 0.2% to $1,737.00

Dollar eyes longest losing streak in a year ahead of US inflation data

Nevertheless, an upside surprise to inflation will easily cement market expectations of another outsized 75 basis points rate hike

Gold, silver prices jump as dollar dips ahead of US inflation data

Gold's moves seemed to be overshadowed by silver, which usually follows gold but can be additionally influenced by economic cues given its industrial uses