Page 6 - Inflation Rise

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.

High food price-led inflation worrisome for markets, policymakers: Analysts

High inflation will keep the markets on edge as they were hoping that the global central banks, especially the US Fed and the RBI will go soft on rate hikes over the next few months

Sweden's inflation hits 9.7% during September; highest level in 30 years

Inflation keeps breaking records in Sweden, with the CPIF (Consumer Price Index with fixed interest rate) 12-month inflation hitting 9.7 per cent in September, the highest level in three decades

Are RBI's hands tied when it comes to inflation?

Consumer inflation accelerated to five-month high in September. As retail inflation stayed above the upper limit of 2-6% band for the third straight quarter, we ask what the RBI can do to calm prices

Opportune time to stock up on gold as global inflation surges, rupee falls

Low prices and the underlying demand for the yellow metal, coupled with high inflation are positives

High inflation keeps Wall Street, global stocks muted to end brutal quarter

Wall Street and global stocks made up little ground on Friday, with government bond yields and the dollar holding near recent peaks, as higher-than-expected inflation continued to weigh on markets.

Sri Lanka's inflation zooms to 69.8% in Sept amid worst economic crisis

Sri Lanka's inflation has set a new record of 69.8 per cent in September, up from 64.3 per cent a month earlier, data from the state statistics office said on Friday, highlighting the challenge for the central bank as the island reels under its worst economic crisis in seven decades. The Colombo Consumer Price Index (CCPI), a leading indicator that gauges inflation in Sri Lanka's biggest city, rose 69.8 per cent from a year ago, from 64.3 per cent in August. The contribution from the food sector was 30.82 per cent in September, the statistics department said. Based on the CCPI, the moving average inflation in September was 33.4 per cent over 28 per cent recorded in August. Most basic food items other than rice and eggs had seen increases. The government recently hiked utility services rates of water and electricity alongside the high cost of food. Import restrictions imposed in the ongoing economic crisis have caused scarcities. The worsening foreign exchange crisis in April cau

Inflation forcing rural India to buy fewer essentials items: Report

A new report reveals people in villages are concerned about inflation and its impact on their financial condition

Nearly 50% homebuyers expect property prices to increase: Report

Services activity, hiring and stable unemployment rate helping consumer confidence, it says

Dutch king unveils aid in billions to households struggling with inflation

Dutch King Willem-Alexander unveiled plans Tuesday from the Dutch government to help households squeezed by rising costs, in his annual address to the nation. Inflation, energy prices and the war in Ukraine were just some of the "uncertainties" the country is facing, the monarch said in his annual speech, made every year on the third Tuesday in September. The speech is immediately followed by the release of the budget for the upcoming year. Boos could be heard from the crowd as the royal family just back from the state funeral of Queen Elizabeth II in London travelled from their palace in The Hague to the National Theater by horse-drawn carriage in a pomp-filled ceremony. "People are feeling increasingly uncertain about both the immediate and the longer-term future," the king said, speaking to a joint sitting of both houses of parliament. He pledged Euro 18 billion aid package to help low- and middle-income households. Notably missing from the budget was an energy price cap that

RBI may hike repo rates by 50 bps with inflation accelerating: Analysts

The Reserve Bank of India may raise interest rates by another 50 basis points this month after data showed inflation rose further above the central bank's tolerance limit in August, analysts said

Apple's new iPhones, watches are coming at a tough time for consumers

Apple will also likely keep some older or less advanced models at lower prices, and to date Apple's relatively affluent fan base has shown more willingness to keep spending despite high inflation