Page 5 - Inflation Rise

As food prices spiral, fight against inflation not over: RBI report

CPI-based inflation rate increased to 4.8 per cent in June 2023, from 4.3 per cent in May, primarily on account of an increase in food inflation

India's inflation is higher than other key developing economies, shows data

In its outlook on inflation last week, the RBI maintained that the headline inflation is to be shaped by food price dynamics

Pak's annual inflation rises to record 37.97% YoY in May: Official data

Pakistan's annual inflation rose to a record 37.97 per cent year-on-year in May, according to official data on Thursday. Pakistan, currently in the throes of a major political as well as economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves. Inflation is measured on the basis of a basket of products and services called the Consumer Price Index (CPI), in which items are divided into 12 major components with different weights. According to data released by the Bureau of Statistics, which keep a record of price hike, the highest year-on-year increase was recorded in the categories of alcoholic beverages and tobacco at 123.96 per cent, recreation and culture at 72.17 per cent and transport at 52.92 per cent. In the food group, items whose prices increased the most in May compared to last year were cigarettes, potatoes, wheat flour, tea, wheat and eggs and rice. In the non-food category, the items whose prices saw the highe

Federal Reserve seen boosting rates even as economic risks build in US

The Federal Open Market Committee is expected to boost the benchmark lending rate target by another quarter percentage point on Wednesday

In European Union's inflation crisis, the humble egg takes the cake

The humble egg has become a star performer for all the wrong reasons as inflation has hit households across the European Union extremely hard over the year. The EU's statistical agency Eurostat announced Friday that the average price of an egg that important staple for poor families and gourmet cooks alike had risen by 30 per cent over the year to January 2023, becoming a symbol of how the cost of living has hit everyone in the 27-nation bloc. Even if the latest inflation figures show that annual inflation in the 20-nation eurozone has started to decline to 8.5 per cent in February, the sector of food, alcohol and tobacco continued to rise and stood at 15 per cent. And then, eggs outperform just about all. Two years ago, egg inflation still stood at a lean 1 per cent, rising to 7 per cent the year after before reaching 30 per cent in February. Egg prices were whipped up the most in the Czech Republic, rising 85 per cent over the year, followed closely by two other central Europea

From smartphones to TVs, premium range electronics sell more in 2022

Upper middle class and rich buying premium electronic products despite a hike in prices: Report

Coca-Cola says Q4 demand strong despite higher prices, revenue up by 7%

Coca-Cola raised prices to offset inflation and on Tuesday, it said that it didn't dent demand for its drinks during the fourth quarter. Revenue rose 7 per cent to USD 10.1 billion, slightly ahead of Wall Street forecasts, according to analysts polled by FactSet. Pricing and the mix of beverages contributed 12 per cent to revenue growth, while concentrate sales rose 2 per cent, Coke said. Coke has raised prices throughout the year __ or shifted some drinks into smaller value packs to account for higher ingredient and freight costs. The company had locked in prices for some commodities in 2022, but is expecting its costs to rise this year. The Atlanta company said its net income fell 16 per cent to USD 2 billion for the October-December period, partly because the strong US dollar impacted overseas profits. Adjusted for currency and other one-time factors, Coca-Cola earned 45 cents per share, line with analysts forecasts.

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

Gold gains on softer dollar as markets await US inflation data: Report

Gold prices rose on Thursday to near an eight-month peak, helped by a weaker dollar, as investors braced for a U.S. inflation report expected to provide clues to the Federal Reserve's rate-hike path

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

Crypto wrap: Macro indicators improve, market stable despite Fed rate hike

On December 15, after the US inflation of 7.1 per cent for November was announced, Bitcoin touched its five-week high of $18,400

Rupee slides 38 paise against dollar as traders jittery before US CPI

Over the last three days of trade, the rupee had strengthened sharply against the US dollar, climbing to one-month highs. The domestic currency was at 82.89 on November 3

Turkish inflation tops 85% driven by surge in food prices, energy costs

Turkish annual inflation accelerated for the 17th month in a row in October, driven by a surge in food prices and energy costs, to its likely peak during President Erdogan's two decades in power

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

Moody's lowers Vedanta Resources rating to 'B3' implying high credit risk

Persistently weak liquidity, high refinancing needs triggers rating action

Clock ticking for private equity firms to spend through tougher times

The shift is profound for an asset class that for more than a decade was flooded with cash from investors hunting yield in a low-interest rate environment

UK households choose toast over healthier diet as inflation bites

Prices for fresh vegetables rose about 14 per cent in September versus the same month last year earlier

Apple's iPhone: World's most expensive handset can't beat inflation

The price of the iPhone base model rose 25% between 2017 and 2022, while inflation rose 29.7% between September 2017 and September 2022

US midterm elections 2022: Democrats should focus on rising inflation

A new poll from Harvard's Center for American Political Studies shows that voters consider the top three issues to be inflation, the economy and jobs, and immigration

UK inflation jumps more than expected to 40-year high as food prices soar

The Consumer Prices Index rose 10.1% last month from 9.9% the month before, the Office for National Statistics said Wednesday.