Page 21 - Inflation

Govt bond yields seen steady as markets focus on inflation prints

The RBI last week kept the key interest rate unchanged, retaining its focus on bringing inflation down

Yen slightly softer against dollar, Fed rate cut remains uncertain

The respite follows a tumultuous week that began with a massive selloff across currencies and stock markets

Dimon Says He's Skeptical Inflation Will Return to Fed's 2% Target

Dimon has been warning for more than a year that inflation may be stickier than investors expect

RBI's stance provides elbow room to check inflation, aid growth: Experts

Nikhil Gupta, Chief Economist, MOFSL Group said what probably was more important was the Governor's emphasis on headline inflation and the focus on inflation deceleration when growth remains so good

India's July inflation 'dipped' below RBI target, high base effect at play

Rising food costs, especially for vegetables, and hikes in telecom tariffs last month were offset by a higher base from July last year

RBI to hold rates, may sound confident of reaching inflation target: Report

The Reserve Bank is expected to hold its key rates at the forthcoming policy review, but may sound more confident about reaching its 4 per cent inflation objective, a foreign brokerage said on Wednesday. The rate-setting panel may prefer to stick to the 'withdrawal of accommodation' stance of the monetary policy, HSBC said in the report on the eve of the RBI MPC's decision. "While it's a close call, we also think the policy stance will remain unchanged, even as the RBI sounds more confident than before about getting to its 4 per cent inflation target," it said, listing out the aspects it will watch out for in the document or the resolution. These include any softness in tone around increased confidence of getting to 4 per cent inflation durably, or a change in growth or inflation forecasts, and, further commentary around the use of OMO (open market operations) sales to take out excess liquidity. In the background of another member dissenting at the last policy review, the brokerage

July inflation dipped below RBI's target, high base effect at play: Poll

The Aug. 2-7 poll of 36 economists forecast the consumer price index rose at an annual rate of 3.65 per cent last month, down sharply from 5.08 per cent in June

DU's Miranda House college hikes hostel fee; says in line with inflation

The Delhi University's Miranda House college has hiked its hostel fees for students by Rs 6,000 per semester, the Students Federation of India (SFI) claimed on Monday. The college administration has increased the hostel fee from Rs 27,090 to Rs 33,090 for odd semesters and from Rs 26,750 to Rs 32,750 for even semesters , the the college's SFI wing said in a social media post. Miranda House Principal Bijayalaxmi Nanda said the hike has been effected keeping in view the "inflation" and "maintenance cost" for the facility. "We have increased the hostel fee after due consultation. It is done keeping in view the inflation in the past 5 to 6 years and the maintenance cost that we incur. There is no major hike in the fee. We have rigorous policies when it comes to providing student support," Nanda told PTI. She also claimed that the Miranda House charged the least for its hostel facility, compared to other prominent colleges. She added that she will look into the fee hike to address the

Services activity growth slows, yet remained solid in July: PMI data

Moreover, cost pressures remained elevated, pushing up selling-price inflation to a seven-year high in July, which also saw stronger job creation

From Dabur to Britannia, FMCG firms begin to see volumes growth revival

Companies expect the trend of rural outpacing urban to continue

Fed is about to nod at a interest rate cut as job growth moderates

US central bankers, who've kept interest rates at a more than two-decade high for a full year, are widely expected to leave them there again when their two-day meeting ends on Wednesday

Excluding food from RBI's inflation framework may not have many takers

Headline numbers best communicated to common man; Govt needs to step up supply management

US inflation rises moderately, consumer spending cools before Fed's meet

The personal consumption expenditures (PCE) price index nudged up 0.1% last month after being unchanged in May, the Commerce Department's Bureau of Economic Analysis reported

Russia's Central Bank raises key interest rate to 18% as inflation soars

Russia's Central Bank on Friday raised its key lending rate to its highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow's military action in Ukraine. The bank raised the rate by 200 basis points to 18.00%, noting that inflation has accelerated and is developing significantly above its forecast. Growth in domestic demand is still outstripping the capabilities to expand the supply of goods and services, the bank said in a statement. For inflation to begin decreasing again, monetary policy needs to be tightened further. It noted that inflationary risks have been driven by high inflation expectations and changing trade terms as a result of geopolitical tensions, a reference to Western sanctions against Russia over its action in Ukraine. It said annual inflation grew from 8.6% in June to 9.0% in July, reflecting an increase in utility costs that took effect starting this month. The bank revised the inflat

Open to feedback on tax changes but... read FinMin latest remark on Budget

Union Finance Minister Nirmala Sitharaman's recent remark follows feedback from several experts and salaried individuals who feel that the Budget did not provide sufficient relief to the middle class

Govt prepares for Rs 10,000 crore war chest to fight food inflation

Within the whole inflation basket, food inflation has been stubbornly high

Neutral rate raised on shift in potential output, says RBI bulletin

"With headline GDP growth rates trending higher after the pandemic, a step up in the natural rate estimates appears appropriate," said Aditi Nayar, chief economist, ICRA

Global shipping-market strain revives fear of inflation comeback again

The historic disruption of $25 trillion in global goods trade that culminated two years ago left the deep economic scars of inflation and paranoia about shortages

Fruit inflation soars: Mangoes up 37%, other summer fruits also affected

Persistent heat and uneven monsoon distribution and a surge in demand have resulted in reduced production of fruits and higher prices

Canada inflation cools more than expected to 2.7% ahead of rate decision

Tuesday's data showed that headline inflation was cooler than the Bank of Canada's 2.9 per cent inflation forecast for the end of the first half of 2024