Page 5 - Inflation Rise

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.

US annual inflation slows in June; labour costs cool in second quarter

Receding inflation has raised cautious optimism of a "soft landing" for the economy envisaged by Fed officials rather than the recession that most economists have been predicting

Inflation could remain high for longer: IMF director Kristalina Georgieva

Georgieva said inflation could remain higher for longer, requiring even more monetary policy tightening.

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