Page 14 - Inflation

Core inflation in Japan's capital slips below BOJ's target in October

BOJ Governor Kazuo Ueda has said the bank will keep raising rates if inflation remains on track to stably hit 2 per cent as it projects

Can't risk another bout of inflation, need cautious approach: RBI minutes

The MPC, which consists of three Reserve Bank of India (RBI) and three external members, had kept the repo rate unchanged at 6.50 per cent for a tenth straight policy meeting

Global fight against high inflation is 'almost won': IMF chief economist

The global war against inflation has largely been won and at surprisingly little cost to economic growth, the International Monetary Fund declared Tuesday. In its latest assessment of the global economy, the IMF predicted that worldwide inflation will cool from 6.7% last year to 5.8% this year and to 4.3% in 2025. It estimates that inflation will fall even faster in the world's wealthy countries, from 4.6% last year to 2.6% this year and 2% the target range for most major central banks in 2025. The slowdown in inflation, after years of crushing price increases in the aftermath of the pandemic, led the Federal Reserve and the European Central Bank to cut interest rates this year after they had aggressively raised them to try to tame inflation. The battle against inflation is almost won,? Pierre-Olivier Gourinchas, the IMF's chief economist, told reporters Tuesday. In most countries, inflation is hovering close to central bank targets.? Inflation had accelerated when the world ...

Everyone wants to do business with India due to strong fundamentals: Goyal

Commerce and Industry Minister Piyush Goyal on Friday said the entire world wants to do business with India today as the country's fundamentals are strong. He said that inflation is under control, foreign exchange reserves crossed USD 700 billion and the country is recording healthy economic growth rates. He added that India is also the most preferred investment destination. "John Chambers mentioned to me 2-3 days ago that there is USD 3 trillion (money) looking for investment avenues and there is no better destination than India for that money. The former Cisco boss offered his services as India's brand Ambassador to the world. That is India today," Goyal said at an event here. Further, he said that the world is looking at India as a trusted partner. "We are now the envy of the world and the entire world wants to do business with India," he said.

ECB set for second straight rate cut as euro zone economy stagnates

A quarter-point cut on Thursday would lower the rate that the ECB pays on banks' deposits to 3.25 per cent and money markets almost fully price in three further reductions through next March

British inflation sends pound below $1.30, dollar firm on Fed outlook

The pound dropped to as low as $1.2984, dipping under the $1.30 level for the first time since Aug. 20, after data showing the rate of annual consumer price inflation dropped to 1.7 per cent in Sep

Inflation may align with target in FY26: RBI Deputy Governor Patra

Patra says climate, tech risks seen as a threat to inflation-targeting

Retail inflation projected to average 4.5% in 2024-25: RBI DG Patra

The retail inflation is projected to average 4.5 per cent in 2024-25 and align with the target on a durable basis by 2025-26, RBI deputy governor Michael Debabrata Patra has said at a conference here. The government has tasked the Reserve Bank of India to ensure that consumer price index (CPI) based retail inflation at 4 per cent with a tolerance band of +/- 2 per cent around it. The inflation has remained below 6 per cent in the last three months. Retail inflation is projected to average 4.5 per cent in 2024-25 before aligning with the target on a durable basis in 2025-26. Speaking at the High-Level Conference "Central Banking at Crossroads" organised by the Reserve Bank of India as a part of the commemoration of its 90th year on Monday, Patra also stressed that the Indian experience is unique in view of the incidence of repetitive shocks to food and fuel prices, which challenged the conduct of monetary policy. In India, price stability is a shared responsibility under which the

RBI policy of not allowing crypto is a good approach: Amiyatosh Purnanandam

He said that the government needs to incentivize good long term risk taking by banks to push private investments

Corporate earnings, inflation data key factors to drive markets: Analysts

Quarterly earnings of corporates, trading activity of foreign investors and inflation data are the key factors that are expected to drive the momentum in the equity markets this week, analysts said. Moreover, markets would also focus on movement in crude oil prices amid geopolitical tensions, experts added. "In the coming week, the market's direction will largely hinge on corporate earnings, with major companies like Reliance Industries, Infosys, HDFC Bank, Axis Bank, and HCL Technologies set to release their results, among others," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. From the macroeconomic front, investors will keep an eye on the CPI (consumer price index-based inflation) and WPI (wholesale price index-based) inflation data for September, scheduled to be announced on Monday. Investors will also closely track updates on geopolitical tensions, particularly their impact on crude oil prices, and foreign fund flows. Key domestic economic data, including CPI and WPI

RBI keeps rate unchanged: What does this mean for borrowers, savers, and investors?

The Reserve Bank of India (RBI) has once again kept the repo rate unchanged at 6.5% during its October 9 meeting. This marks the tenth consecutive time it has held the rate steady.

Retail inflation in September likely overshot RBI's 4% target: Poll

Food items, especially vegetables and other perishables, which make up a significant share of overall household spending in the country, saw an uptick in prices

RBI's shift to neutral stance suggests rate cut likely in December

Uncertainty remains elevated on a number of fronts, not least on the path for food inflation and external tensions

Greater confidence that inflation moderating in Q3...but risks remain: Das

We have to be very careful because there is every chance that inflation will simply bolt again, says Das

Wait and watch: Geopolitical threats to inflation outcomes have increased

Crises in West Asia and consequent volatility in prices of petrochemicals have historically led to inflation spikes and broader economic instability in India

RBI monetary policy preview: Expecting more nimble and prudent guidance

CPI-based inflation is expected to broadly align near the RBI's projection of 4.5% in 2024-25, despite perishable food price shock due to repeated weather aberrations

World Food Price Index registers biggest increase since March 2022

An index of food-commodity prices created by the United Nations' Food and Agriculture Organization rose to the highest level since August last year, according to data released

RBI faces a delicate balancing act ahead of key monetary policy meet

It will be important for monetary policy not to inadvertently accentuate asset price inflation, financial exuberance and the associated financial stability risks that come with it

Has there been a slowdown in money supply after inflation targeting?

Apprehensions have been expressed in public domain of a slowdown in money supply on the back of an inadequate reserve money expansion and this could play a role in growth slowdown

Retail inflation for industrial workers inches up at 2.44% in August

Retail inflation for industrial workers inched up marginally to 2.44 per cent in August against 2.15 per cent in July this year. The All-India CPI-IW (Consumer Price Index-Industrial Workers) for August 2024 decreased by 0.1 points and stood at 142.6 points, a labour ministry statement said. According to the statement, the CPI-IW was 142.7 in July this year. "Year-on-year inflation for the month of August 2024 stood at 2.44 per cent as compared to 6.91 per cent in August 2023," it said. Labour Bureau, an attached office of the Ministry of Labour & Employment, has been compiling the Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country.