Page 7 - Inflation Rise

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

Global recession fears may ease inflationary pressures: Govt report

Review released by ministry also said that global headwinds would continue to pose downside risk to growth as crude oil and edible oils, remain major imported components

Low growth and high inflation expected this year: N Chandrasekaran

The World Bank last month cut India's economic growth forecast for the current fiscal to 7.5 per cent owing to rising inflation, supply chain disruptions and geopolitical tensions

Will retail stocks storm through the wave of inflation?

Despite inflation headwinds in retail sector, analysts say it to be on the cusp of accelerated earnings growth after a lull due to Covid-19. Can retail stocks weather through the inflation storm?

Sri Lanka increases key interest rates to 21-year high to fight inflation

In an effort to fight inflation due to the ongoing economic crisis, the Monetary Board of the Central Bank of Sri Lanka's decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 100 basis points to 14.50 per cent and 15.50 per cent, respectively.

Turkey's inflation hits two-decade high of 78.6%: Official data

Turkey's annual inflation surged to 78.62 per cent in June, the highest since 1998, the Turkish Statistical Institute announced on Monday.

Most asset classes bled in the first 6 months of CY22, shows data

Domestic large-caps performed well when compared with global peers, with the Sensex dropping 9 per cent in the first six months of CY22 against a 20 per cent fall in the MSCI World index

'No guarantee' Fed can tame inflation, spare jobs, says Jerome Powell

Federal Reserve Chair Jerome Powell said there's no guarantee'' the central bank can tame runaway inflation without hurting the job market. Speaking Wednesday at a European Central Bank forum in Sintra, Portugal, Powell repeated his hope that the Fed can achieve a so-called soft landing raising interest rates just enough to slow the economy and rein in surging consumer prices without causing a recession and sharply raising the unemployment rate. We believe we can do that. That is our aim,'' he said. But the Russian invasion of Ukraine, he said, had made the job more difficult by disrupting commerce and driving up the price of food, energy and chemicals. It's gotten harder,'' Powell said. The pathways have gotten narrower.'' ECB President Christine Lagarde echoed the major impact" of energy shocks, which are rippling worldwide but felt acutely in Europe because of its reliance on Russian oil and natural gas. She also pointed to Europe's proximity to the war in Ukraine and said how

RBI prioritising inflation over growth to maintain price levels: Official

The Reserve Bank of India is prioritising inflation over growth, which is manifested by the recent hikes in repo rate, an official of the central bank said on Friday. Speaking at an interactive session organised by the Merchants' Chamber of Commerce and Industry here, he also said financial markets across asset classes and geographies witnessed unprecedented volatility during the past two years due to the COVID-19 pandemic. "Central banks across the globe will raise interest rates in future owing to much higher than expected inflation. This is a major risk, said Radha Shyam Ratho, Executive Director, RBI. He said the RBI is giving priority to inflation over growth so that the level of price rise remains within targets without affecting growth. The apex bank had recently raised the interest rate by 50 basis points to a two-year high of 4.9 per cent. The rate hike came on the back of a 40 basis-point increase effected at an unscheduled meeting on May 4. Ratho said the bond market h

Bankers hail RBI's monetary policy focus on taming inflation rate

Bankers hailed the Reserve Bank's monetary policy focus on taming inflation and said the move reflects RBI's continued effort towards non-disruptive trade-off between price stability and growth