Page 7 - Inflation Rise

Gold pares gains as US dollar strengthens, rate-hike fear dominates mood

Spot gold was up 0.1% at $1,712.09 per ounce as of 1018 GMT. Prices hit a one-week high, rising nearly 1%, earlier in the session

Turkey's annual inflation passes 80% in August after interest rate cut

Turkey's annual inflation passed 80% in August, according to official data on Monday, further hitting consumers facing high energy, food and housing costs. The Turkish Statistical Institute said consumer prices rose by 80.21% from a year earlier, up 0.6 percentage points from the previous month. Independent experts say inflation is much higher than official statistics. The Inflation Research Group put the annual rate at 181%. The central bank unexpectedly cut interest rates to 13% in August despite rising prices, a plunging lira and an unbalanced current account. The central bank slashed interest rates by 5 percentage points between September and December last year. The rate then stayed at 14% until last month. Russia's invasion of Ukraine and the lira's decline have stoked inflation. The lira has plunged over 50% against the U.S. dollar since the central bank began cutting rates. Economists say rising inflation in Turkey is fuelled by President Recep Tayyip Erdogan's unorthodox .

Turkey sharply raises 2022 inflation forecast from 9.8% last year to 65%

Turkey sharply raised the country's inflation forecast for 2022 to 65 per cent, up from 9.8 per cent predicted one year ago, according to a government program published in the Official Gazette

Inflation in Italy surges by 8.4% to reach a 37-year high in August

Prices in Italy were 8.4 per cent higher in August than they were a year earlier, a level that had not been recorded since December 1985, the country's National Institute of Statistics reported

Commercial vehicle volumes to stay resilient as recovery takes hold in FY23

Margin pressures may continue on competitive pressures, input cost inflation

State of the Indian economy: Unequal, uneven distribution of wealth

The income gap between states is growing and the pain of inflation is worse for those falling behind

Crude oil prices fall by over $3 on inflation worries, Iraq exports

Oil prices fell Tuesday on fears that an inflation-induced weakening of global economies would soften fuel demand, and as Iraqi crude exports have been unaffected by clashes

Brent crude stable as market juggles inflation woes with supply fears

Brent crude futures for October settlement fell 9 cents to $105 a barrel by 0841 GMT, after climbing 4.1% on Monday, the biggest increase in more than a month

S&P raises India inflation forecast by 50 basis points to 6.8% for FY23

India is facing the external pressures of higher commodity prices, US dollar dominance, and tightening financial conditions from a position of relative strength: S&P

Warehousing, logistics space leasing down 9% across 7 cities in Jan-June

High inflation and global headwinds slowed down demand for warehousing and logistics spaces during January-June as leasing dipped 9 per cent annually across top seven cities, a report said. The US-based property consultant Vestian said in a report that the total absorption across the seven key cities -- Mumbai, Delhi-NCR, Bengaluru, Chennai, Hyderabad, Pune and Kolkata -- was recorded at 13.16 million square feet. "This depicted a decline of 9 per cent over the quantum of warehousing space leased in H1 2021," it pointed out. The consultant attributed the slowdown in the market to "increasing inflation and global headwinds from geopolitical conditions impacting the supply chain ecosystem and business environment." Delhi-NCR, Pune and Mumbai accounted for 56 per cent share of the total absorption during the year. The Delhi-NCR market saw leasing of 2.8 million square feet, followed by Pune 2.45 million square feet, Mumbai 2.17 million square feet, Bengaluru 1.8 million square feet,

Inflation to ease to 4% in two years after peaking, says RBI Governor

The RBI has raised policy repurchase rate by a total of 140 basis points since May, including back-to-back half point increases in June and August, to cool down inflation within its mandate

Will continue fight against unemployment, inflation: BJP MP Varun Gandhi

BJP MP Varun Gandhi on Sunday said he will continue his fight against unemployment, corruption and inflation until they cease to exist. In an apparent dig at his own party, Gandhi said he is working for an India where children and youth get respect, and where nobody is compelled to bow his head for help. "Until employment ceases to exist in this country and your children don't get jobs, my 'sangarsh' (fight) will continue. We will also continue our fight against corruption," he said at a programme here. "We will not allow the sacrifice of our ancestors go in vain. Time has come for the people to raise their voice against basic problems, injustice and corruption," he added. During his Pilibhit tour, Gandhi inaugurated an indoor sports hall constructed at a cost of Rs 8 crore and also interacted with members of the urban local body.

UK inflation hits double digits in July for the first time in 40 years

The Consumer Prices Index rose 10.1% in July in the UK from a year earlier after a 9.4% gain the month before

Inflation in Netherlands above 10% for first time since 1975: CBS

Inflation in the Netherlands rose to 10.3 per cent in July, exceeding the 10 per cent mark for the first time since September 1975, the Central Bureau of Statistics (CBS) announced.

Oil prices extend losses on inflation, demand worries; hits 5-month low

Oil prices extended losses, after hitting their lowest since before Russia's February invasion of Ukraine in the previous session, as the market fretted over the impact of inflation

July PMI services growth slips to 4-month low on rising inflation

The PMI decreased to 55.5 in July 2022 from 59.2 in June

Dollar rallies from three-week lows as US data shows pick-up in inflation

NEW YORK/LONDON (Reuters) - The dollar rebounded from a three-week low in choppy trading on Friday, as a round of U.S. economic data suggested that inflation continued its red-hot rise in June, keeping the Federal Reserve on track to raise interest rates as aggressively as it deems necessary.

Global growth headed down as inflation surge to endure, says poll

BENGALURU (Reuters) - The global economy is mired in a serious slowdown, with some key economies at high risk of recession and only sparse meaningful cooling in inflation likely over the coming year, according to Reuters polls of hundreds of economists worldwide.

UK inflation surges to new 40-year high of 9.4% amid rising fuel prices

Inflation in the United Kingdom has accelerated to a new 40-year high, driven by rising food and fuel prices that are contributing to a cost-of-living crisis

Will Nifty50 reclaim 17,000 this week?

Equity markets wilted under selling pressure during four out of five trading sessions last week, amid fears of steeper interest rate hikes. Let's delve into the likely triggers for markets this week