Page 21 - Inflation

Global woes spook mkts: Sensex sinks 793 pts, bonds weaken and rupee falls

Gold soars and FPIs sell Rs 8K cr equities

Inflation down in key peers: Here's how some Brics countries fare

Among Brics countries, Brazil, China, and India have shown a decline compared to the previous month and Russia has seen an uptick

US consumer sentiment declines in April, inflation expectations rise

The University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 77.9 this month, compared to a final reading of 79.4 in March

Retail inflation eases to 4.85% in March, IIP grows 5.7% in February

The government has tasked the Reserve Bank to ensure inflation remains at 4%, with a margin of 2 per cent on either side

Lok Sabha polls: CSDS survey reveals unemployment a key issue for voters

The CSDS-Lokniti 2024 pre-poll survey showed that 62 per cent of respondents across various demographics perceived a greater difficulty in securing employment in the past five years

Moderate US producer price, cost of services soothes inflation concerns

High inflation and persistent labor market strength have prompted financial markets and most economists to push back expectations for an initial Fed interest rate cut to September from June

Inflation pushing households slowly into debt: Jairam Ramesh slams govt

Congress general secretary Jairam Ramesh also stressed that the Congress' 'Nyay Patra' is a direct response to the "failures" of the government and said "dus saal anyay kaal" ends on June 4

Global capability centres in India see hiring dip amid western disturbances

Experts said that the reasons behind this could be a reflection of the uncertainties and slow recovery in the West and global markets, and also inflation and geopolitical conflict

JPMorgan's Dimon warns inflation, wars creating risks not seen since WWII

The nation's most influential banker, JPMorgan Chase CEO Jamie Dimon, told investors Monday that he continues to expect the US economy to be resilient and grow this year. But he worries geopolitical events including the war in Ukraine and the Israel-Hamas war, as well as US political polarisation, might be creating an environment that may very well be creating risks that could eclipse anything since World War II. The comments came in an annual shareholder letter from Dimon, who often uses the letter to weigh in broad topics like politics, regulation and global events and what it might mean to JPMorgan Chase, as well as the broader economy. America's global leadership role is being challenged outside by other nations and inside by our polarized electorate, Dimon said. We need to find ways to put aside our differences and work in partnership with other Western nations in the name of democracy. During this time of great crises, uniting to protect our essential freedoms, including free

US dollar drifts lower ahead of inflation data; yen nears 34-year lows

Japanese workers' real wages fell in February for a 23rd consecutive month, data showed on Monday, suggesting higher prices kept up pressure on consumers' spending appetite

RBI wants inflation elephant in the forest. Can pricier oil bring it back?

After witnessing sustained moderation, cost push pressures faced by firms, the RBI said, are showing upward bias

Inflation targeting framework is the focus: RBI governor Shaktikanta Das

The RBI projects CPI will be 4.5 per cent for the whole year, and growth will be 7%

RBI lowers quarter-wise inflation forecast for FY25, holds key rate steady

Inflation 'elephant has left the room and it appears to be on its way to the forest,' says RBI governor Shaktikanta Das

Inflation declines in Europe again; here's what it means for interest rates

The inflation that has squeezed European shoppers fell more than expected in March to 2.4 per cent, as cost spikes in the grocery aisle eased and overall price rises headed down in the two biggest economies, Germany and France. The annual figure for the 20 countries that use the Euro currency came in below the 2.5 per cent predicted by financial markets and brings the European Central Bank ever closer to its inflation goal of 2 per cent. But analysts say the decline from 2.6 per cent in February, though welcome, would likely not be enough to move up the first interest rate cut from the ECB. The bank meets April 11 but the first reduction in borrowing costs is not expected until June despite an economy that's failing to grow, several analysts said. Food inflation fell to 2.7 per cent from 3.9 per cent, and energy prices dropped by 1.8 per cent, according to Eurostat, the European Union's statistics agency. Meanwhile, core inflation, which excludes volatile food and energy costs, eas

Consumer sentiment of urban Indians dips to a 4-month low, shows data

Rural consumer sentiment is at its highest level thus far in 2024

India's economic outlook for next fiscal positive, says finance ministry

The finance ministry on Friday said with an uptick in private investment and inflation trending down, India's outlook for the next fiscal looks positive. The Monthly Economic Review also said that inclusion of Indian bonds in Bloomberg bond index from January 2025 should bolster inflows. It said robust investment activity is driving growth amid a steady rise in consumption. "The continued focus on public investment seems to have crowded in private investment," said the February edition of the review by Department of Economic Affairs. The National Statistical Office (NSO) has revised upwards the GDP growth estimate for current fiscal to 7.6 per cent from 7.3 per cent. India grew above 8 per cent for three consecutive quarters, reaffirming its position as a standout performer amid sluggish global growth trends. Various agencies echo a similar sentiment revising the FY24 growth estimates of India closer to 8 per cent, the ministry said. "On the whole, India looks positively toward

Stubbornly high food prices slowing drop in inflation to 4%: RBI bulletin

Food price pressures is an obstacle in swifter fall in retail inflation to the Reserve Bank's target of 4 per cent, said an article on the 'State of Economy' in the central bank's March Bulletin published on Tuesday. Retail inflation based on Consumer Price Index (CPI) is on a decline since December and was at 5.09 per cent in February. "Even as inflation is on the ebb with broad-based softening of core inflation, the repetitive incidence of short amplitude food price pressures deters a swifter fall in headline inflation towards the target of 4 per cent," said the article authored by a team lead by RBI Deputy Governor Michael Debabrata Patra. It further said the global economy is losing steam, with growth slowing in some of the most resilient economies and high frequency indicators pointing to further levelling in the period ahead. In India, real GDP growth was at a six-quarter high in the third quarter of financial year 2023-24, powered by strong momentum, robust indirect taxes, a

Indian govt bond yield at more than two-week high as US peers jump

The rise in yields is fuelled by indications of a robust economy and elevated inflationary pressures

What soft landing?

The Fed must peer through the murk and assess which direction the economy is heading

Inflationary pressure signals weakening support for Asian bond gains

Emerging Asian bonds handed investors a return of 0.5 per cent so far this quarter compared with over 5 per cent in the last three months of 2023, according to a Bloomberg index.