Page 20 - Inflation

BOJ to proceed cautiously with inflation targeting frameworks: Ueda

'While many of the challenges we face are similar to those encountered by our counterparts, some are uniquely difficult for us,' the BOJ chief added

Consensus growing on rate cut as inflation diminishes: ECB's Panetta

Panetta has said inflation is showing a common underlying trend as it is declining in all major economic areas and that risks to financial stability have reduced

I-T dept notifies cost inflation index for FY25 to compute capital gains

The Income Tax Department has notified the cost inflation index for the current fiscal to calculate long-term capital gains arising from the sale of immovable property, securities and jewellery. The cost inflation index (CII) is used by a taxpayer to compute gains arising out of the sale of capital assets after adjusting for inflation. The Cost Inflation Index for FY 2022-23 relevant to AY 2023-24 is 331. AMRG & Associates Senior Partner Rajat Mohan said the CII will help taxpayers to compute long-term capital gains tax, enabling them to remit advance tax on time. "For the last couple of years, the inflation index has been rising faster, which depicts the mounting inflation in the country," Mohan added. AKM Global Head of Tax Markets Yeeshu Sehgal said the CII will be beneficial to taxpayers as assets, which are held for long term, are recorded at purchase cost despite increasing inflation "It is very important to adjust the said purchase cost with the new cost inflation index ..

UK inflation falls to 2.3%, lowest in 3 years but still above BoE's target

Inflation in the UK fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills, official figures showed on Wednesday. The Office for National Statistics said inflation, as measured by the consumer prices index, fell to 2.3 per cent in the year to April, down from 3.2 per cent in March. That is the lowest level since July 2021 when the global economy was still being held back by the coronavirus pandemic. The fall also takes inflation nearer to the Bank of England's target rate of 2 per cent and is likely to pile pressure on its nine-member rate-setting panel to cut interest rates from the current 16-year high of 5.25 per cent. The next rate meeting is on June 20 and many economists think the bank will cut borrowing costs. However, others think that ongoing concerns on the panel over the scale of price rises in the crucial services sector and the pace of wage increases, which raise the risks of an inflation rebound if interest rates a

UK inflation drops less than expected, dashing June rate cut hopes

Consumer prices rose by an annual 2.3 per cent last month, down sharply from a 3.2 per cent increase in March

US Fed's Waller sees some progress on inflation, says no rate hike needed

"The economy now seems to be evolving closer to what the Committee expected," Waller said, referring to the central bank's policy-setting Federal Open Market Committee

With inflation falling fast, will Bank of England quickly cut rates?

Much of the drop in headline consumer price inflation - from a peak of 11.1 per cent a year and a half ago - is due to falling energy prices which are beyond the BoE's control

Best of BS Opinion: Tweaking the inflation targeting mandate & more

Here is the best of Business Standard's opinion pieces for today

Tweaking the inflation targeting mandate

A key focus for the new govt should be to ensure wider consultation in setting inflation target

Metals, stocks shine amid economic optimism due to slower inflation

Gold climbed more than 1% to a record $2,449.89 an ounce, while three-month copper on the London Metal Exchange surged as much as 4.1% to a historic high of $11,104.50

Soft US inflation data pushes markets higher; Sensex gains 677 points

Indices post biggest gains in two weeks

JPMorgan CEO Jamie Dimon sees 'lot of inflationary forces in front of us'

'If you have higher rates and - God forbid - stagflation, you will see stress in real estate and leveraged companies, and private credit,' Dimon said

US consumer inflation eases to 0.3% in April; retail sales unchanged

The reports suggested that domestic demand was cooling, which is likely to be welcomed by officials at the U.S. central bank as they try to engineer a "soft-landing" for the economy

'Soft landing' hopes at stake as investors await key US inflation data

Fed Chairman Jerome Powell has downplayed the potential for rate hikes this year and recent data showed cooling in the labor market

Spike in food & fuel prices push WPI inflation to 13-month high in April

Data released by govt on Tuesday showed that uptick in factory gate inflation during April was driven primarily by the spike in the prices of food articles and fuel, among other things

US producer prices in Apr soar more than expected on strong services, goods

The report from the Labor Department on Tuesday also showed wholesale goods prices rising solidly last month, though the cost of food declined

Why Indian farmers suffer as the government continues to fight inflation?

Govt's aggressive fight against inflation has come despite expectations of a bumper monsoon in 2024

Over dozen states have higher inflation than national avg of 4.83% in April

The cost of living rose faster in 13 states in the last month compared to the national print of 4.83 per cent. Odisha registered the highest rate of inflation among the states at 7.11 per cent

Retail inflation eases to 4.83% in April on softening fuel prices

Core inflation has also trended downwards at 3.2 per cent, which is the lowest in the 2012 base CPI series

Gold declines as traders await key US inflation data for more rate cut cues

Spot gold fell 0.7% to $2,342.95 per ounce by 1442 GMT. It had hit its highest level since April 22 on Friday