Page 27 - Inflation

Strengthening US dollar is a global risk: RBI's state of the economy report

The report said that during the calendar year 2023, India's foreign exchange reserves increased by US$ 22.0 billion, which is the highest among major foreign exchange reserves-holding countries

Inflation in UK unchanged at 6.7% in Sept, still way more than BoE's target

Inflation in the UK held steady at 6.7 per cent in September as easing food and drink price rises were offset by higher prices at the pump for motorists, official figures showed Wednesday. The flat reading reported by the Office for National Statistics was disappointing as most economists had predicted another, albeit modest, fall. It means that the UK's inflation rate remains more than three times higher than the Bank of England's target rate of 2 per cent. The bank, though, is not expected to raise interest rates at its next policy meeting in early November, opting instead to keep its main borrowing rate unchanged at the 15-year high of 5.25 per cent. Last month, the bank brought an end to nearly two years of interest rate rises as inflation fell from multi-decade highs above 11 per cent. Most economists expect a sizeable decline in inflation next month. Progress on falling inflation has stalled, for one month at least," said James Smith, research director at the Resolution ...

Wholesale inflation hits 6 month high in Sept but stays in negative

Food inflation decreased significantly to 3.35 per cent in September from 10.6 per cent in August

Weekend Bites: Another war, trouble in IT paradise, carmakers, 'those guys'

In which we munch over the week's platter of news and views

Sensex, Nifty end lower for 2nd day; Tata Motors jumps 5%, Infy slides 2%

Closing Bell on Friday, October 13, 2023: Among sectors, the Nifty PSU Bank index fell 1.4 per cent, while the Nifty Auto index gained 0.88 per cent

China's consumer inflation rate flatlines in Sept amid precarious recovery

Core CPI - which strips out volatile food and energy costs - rose 0.8%, same as August. Producer prices fell 2.5%, moderating slightly from the prior month's decline

13 states report higher inflation numbers; rising trend among BRICS peers

Overall inflation in India rose 5.02 per cent for the month of September

Clicking towards record: Festival season spurs online shopping spree

Any lingering fears that inflation and higher interest rates would dampen consumers' spirit in Asia's third largest economy, are being rapidly dispelled

Managing expectations

Sustained higher inflation can affect outlook

Higher-for-longer rates will keep constricting global economy: World Bank

Both Ajay Banga, the institution's president, and Chief Economist Indermit Gill warned that the fallout from the sudden shift to an era of elevated borrowing costs may be tough

Inflation seen easing to 5.50% in Sept on softening food price rises: Poll

Inflation, as measured by the annual change in the CPI , was forecast to have fallen to 5.50% in September from 6.83% in August, according to an Oct. 3-9 Reuters poll of 66 economists

IMF warns of stubborn inflation and weaker global growth in the coming year

In most countries, the IMF, an institution charged with monitoring the health of the global economy, foresees inflation remaining above central bank targets until 2025

Inflation expectations moderate in September 2023, says RBI survey

The results of the September 2023 round of its bi-monthly survey were released alongside the monetary policy review

Monetary policy review: Challenging the status quos and dilemmas

Inflation should remain largely range bound in the coming months (5-6 per cent)

China's demographic tea leaves

Its economic problems due to ageing, low birth rate, and poor gender ratios should serve as a wake-up call for India

RBI's decision will support growth and check inflation, say experts

The Reserve Bank will announce the next bi-monthly monetary policy on December 8

RBI MPC LIVE: Original aim of Rs 2000 note withdrawal largely met, says Das

RBI policy: In the last bi-monthly announcement in August, the MPC decided to keep the benchmark repo rate unchanged at 6.5% for the third time in a row. Check all LIVE updates for today's MPC here

Many families facing true hardships from unabated increase in prices: Cong

Hitting out at the government, the Congress on Friday said concerns on inflation continue to be serious and claimed that crores of families were facing "true hardships" from "unabated increase" in prices of essential commodities. Congress general secretary Jairam Ramesh's attack on the government came after the Reserve Bank of India on Friday decided to keep the policy rate unchanged for the fourth time in a row. In a post on X, Ramesh said, "The RBI has maintained the Repo Rate the interest rate it charges for borrowings by commercial banks from it at 6.5%. This simply means that concerns on inflation continue to be serious." "For 47 months, the Consumer Price Index(CPI) has remained well over the RBI's own medium-term target of 4%. In August 2023, the CPI stood at 6.83%," the Congress general secretary in-charge communications said. "This of course masks the true hardships being faced by crores upon crores of families from unabated increase in prices of essential commodities,"

RBI MPC meeting: Key takeaways from Guv Shaktikanta Das' announcements

RBI MPC has decided to continue with the pause on repo rate at 6.5 per cent for the fourth time in a row

Policy rate unchanged at 6.5%, FY24 inflation forecast retained at 5.4%

RBI policy: Shaktikanta Das said that real GDP forecast for 2023-24 has been retained at 6.5% by MPC