Page 4 - Inflation Rise

Inflation gauges in the US at 2-year lows may spur rate hike pause

Despite the disinflation progress, officials on both sides of the Atlantic insist they want to see more evidence to be sure that consumer prices are durably under control

Big relief for Sunak as UK inflation drops to its lowest in 2 years to 4.6%

Inflation in the UK dropped sharply in October to its lowest level in two years largely because last year's steep rise in domestic energy bills dropped out of the annual comparison, official figures showed Wednesday. The Office for National Statistics said consumer prices in the year to October were 4.6% higher than the year before, much lower than the 6.7% recorded in the previous month. The decline means Prime Minister Rishi Sunak's pledge to halve inflation this year has been met. Sunak made the pledge soon after becoming prime minister when inflation was more than 10%. I did that because it is, without a doubt, the best way to ease the cost of living and give families financial security, he said. "Today, we have delivered on that pledge. The government can take comfort from the decline but the main reason why inflation has fallen in that time is because of the big interest rate increases from the Bank of England, which is tasked with meeting a target inflation rate of 2%. Earl

US CPI inflation softens to 3.2% after rising 3.7% in Sep, dollar weakens

"Another rate hike from here looks less likely given this softer inflation data," Miskin said

Inflation respite

But food prices can pose policy challenges

Kharif crop prices will guide inflation fight in coming months amid polls

The ongoing elections in the three states could also be influenced if inflation rears its head again.

IMF warns Europe against prematurely declaring victory over inflation

The European Central Bank and other policymakers across Europe need to keep interest rates at current elevated levels until they're sure inflation is under control despite sluggish growth, the International Monetary Fund said on Wednesday, warning against premature celebration as inflation declines from its peak. The Washington-based IMF said that the cost of underestimating inflation's persistence could be painfully high and result in another painful round of rate hikes that could rob the economy of a large chunk of growth. The European Central Bank, the Bank of England and the other central banks that aren't part of the 20-country eurozone are reaching the peak of their interest rate cycles, while some have started to reduce policy rates, the IMF said in its twice-yearly regional economic outlook for Europe. Nonetheless, a prolonged restrictive stance is still necessary to ensure that inflation moves back to target. Historically, it takes an average of three years to return ...

Moderating inflation bolsters macroeconomic fundamentals: RBI article

A moderation in retail inflation in September from its peak in July has bolstered macroeconomic fundamentals even as global growth lost pace from the third quarter, a Reserve Bank of India (RBI) article said Thursday. According to the article on 'State of the Economy' published in the latest RBI Bulletin, in India, a broad-based gaining of momentum is discernible in high frequency indicators. Deleveraging and higher capacity utilisation have enabled capital-heavy industries to gain traction, it added. "The Indian rupee (INR) is exhibiting low volatility. Inflation has moderated from its July peak, bolstering macroeconomic fundamentals," the article said. Retail inflation declined to a three-month low of 5.02 per cent annually in September on account of moderation in vegetables and fuel prices, and back within the Reserve Bank's comfort level. The inflation based on Consumer Price Index (CPI) was 6.83 per cent in August and 7.41 per cent in September 2022. In July, inflation touch

IMF projects inflation, growth risks if Israel-Hamas conflict widens

It's a bit early to know the full implications of the conflict, and much will depend on whether it draws in other countries, Gita Gopinath said

Statsguru: 6 charts show India's inflation concern may not be over soon

Lower sowing and higher food prices have increased risks to inflation outcomes

US inflation seen corroborating higher for longer Fed, CPI increase at 0.3%

Resilient demand in the world's largest economy, bolstered by unrelenting job growth, has complicated Federal Reserve efforts to get inflation down to its preferred level

Inflation risks

Supply-side issues will complicate policy choices

Inflation-currency conundrum

Higher US inflation can increase currency volatility

PepsiCo India remains optimistic in foods amid stress in rural sector

Speaking of inflationary pressures, Bhasin said that the company's focus has been on protecting consumer value and efficiencies in the packet

Inflation a key issue the world faces: PM Narendra Modi ahead of G20 Summit

'India as G20 chair has given confidence to Third World'

B20 Summit India 2023: Taming inflation key to growth, says FM Sitharaman

Sitharaman says green shoots of private capex upcycle can be felt now

Centre will 'intensify' efforts to control inflation: TV Somanathan

Inflation will be reduced in next three months, says Somanathan

Urban poor most impacted by 15-month high in July inflation surge: CRISIL

Urban poor have been the most impacted by 15-month high consumer price inflation (CPI) in July, a domestic rating agency's arm said on Wednesday. The high-income segment in urban areas faced the lowest inflation burden, as food has a relatively low share in their consumption basked, Crisil Market Intelligence and Analytics said in a note. "Poorest segment in urban areas faced highest inflation rate in July," said the note, released days after official data said that the headline inflation accelerated to 7.44 per cent for July. The poorest segment in both urban and rural areas faced a higher inflation burden than their high-income counterparts, as food inflation accelerated sharply," the Crisil note added. Crisil said it used data from the National Sample Survey Organisation (NSSO) and mapped the expenditure baskets of three broad income groups the bottom 20 per cent, middle 60 per cent and upper 20 per cent of the population with July inflation. The overall CPI inflation for th

Prices in India are rising faster than many large economies, EM peers

Dozen states have reported higher inflation numbers than the all-India figure of 7.44 per cent

No end in sight? Food price hike likely to disturb India's inflation maths

But, the price rise has not been only limited to vegetables, infact, wheat, rice, spices and even edible oil rates have shown an upward movement off late

Prices begin to pinch Turkey again, inflation jumps to nearly 48%

The median forecast in a Bloomberg survey of economists was 46.8 per cent Monthly inflation reached 9.5 per cent.