Page 28 - Inflation

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

Best of BS Opinion: Inflation risks, real estate rollercoaster & more

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

Recession may be coming to the US soon: Here's why

Last-minute deal delays government shutdown. However, an auto strike, upcoming student-loan repayments, and potential future shutdown could cut GDP growth by 1% in Q4. >

India caught between Davids & Goliaths in global clean energy face-off

The US and Europe are offering 8 to 10 times more subsidies amounting to a massive $650 billion, around 18 per cent of India's gross domestic product

US Treasury 30-year bond yield rises 8 bps to hit highest level since 2007

Shorter-maturity Treasury yields had previously reached the highest levels since at least 2007, and extended their climb Tuesday

Inflation woes nix chances of India yield curve steepening: Traders

The government bond yield curve has remained flat for the past few weeks, with the four- and five-year yields at around 7.25% and the 10-year benchmark bond yield at 7.23%

Retaining retail inflation at 4% an unaccomplished dream since 2019-20

The target was achieved in the first two and a half years of implementing inflation targeting in Oct 2016, but the inflation rate remained above the goal

Pakistan's inflation rises to 31.4% in Sept amid high energy prices

Interest rates also risen to their highest at 22%, and Pak rupee hit all-time lows in Aug before recovering in Sept to become best performing currency following clampdown on unregulated FX trade

Expects it to be appropriate to raise rates further: US Fed Governor

Bowman, in prepared remarks to a banking conference, said inflation remains too high and expects progress in lowering it to be slow "given the current level of monetary policy restraint."

Oil pares gains ahead of US Fed's comments on interest rate moves

U.S. West Texas Intermediate crude futures were largely steady, up just 12 cents to $90.91 a barrel, after also jumping more than a $1 in earlier trading, and after losing 92 cents on Friday

Good progress on bringing down inflation, says British PM Rishi Sunak

"Inflation is making people feel poorer, the quicker we bring inflation down the better it is, and that is why it is the right priority, and we are making good progress," Sunak told the BBC

Expect status quo on rate and no change in stance

As the festival season approaches, followed by elections, state and national, there will be pressure on liquidity since cash with the public will rise

US govt shutdown 'unnecessary risk' to economy, says Lael Brainard

"The main story of all the naysayers was that you couldn't get core inflation to come down without a big increase in job destruction. That is not what we've seen," Brainard said

Inflation drops sharply in Europe, but higher crude oil prices loom

Inflation that has been plaguing Europeans declined sharply in September, strengthening hopes that consumers will eventually get relief from costlier groceries, vacations and haircuts and that the European Central Bank won't have to further restrict the economy by raising interest rates from already-record highs. The annual rate was 4.3% this month, a drop from 5.2% in August. But recently higher oil prices are casting a shadow over prospects for beating inflation back down to the central bank's target of 2%. Core inflation, which excludes volatile fuel and food prices, fell more than analysts expected to 4.5% from 5.3%, according to data released Friday by the European Union's statistics agency, Eurostat. The ECB closely watches this figure to assess how inflation is coming down. The fall in core inflation reinforces our view that the ECB has finished raising interest rates, said Jack Allen-Reynolds, deputy chief eurozone economist at Capital Economics. He predicted that the ...

Retail inflation for industrial workers eases marginally to 6.91% in Aug

Retail inflation for industrial workers eased to 6.91 per cent in August from 7.54 per cent in July this year mainly due to lower prices of certain food items. "Year-on-year inflation for the month (August) stood at 6.91 per cent compared to 7.54 per cent for the previous month and 5.85 per cent during the corresponding month a year before," a Labour Bureau statement said. Food inflation stood at 10.06 per cent in August against 11.87 per cent in the previous month (July 2023) and 6.46 per cent during the corresponding month (August 2022) a year ago. The Labour Bureau, an attached office of the Ministry of Labour & Employment, has been compiling the Consumer Price Index for Industrial Workers (CPI-IW) every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of the succeeding month. The All-India CPI-IW for August 2023

DHL Express to hike prices for parcel deliveries by 6.9% from next year

Logistics firm DHL Express will hike the prices for parcel deliveries by an average of 6.9 per cent in India from next year as part of its annual price adjustment exercise, the company said on Friday. Prices are adjusted on an annual basis, taking into consideration various factors, including inflation, DHL Express said. "The average increase in India will be 6.9 per cent and it will take effect on January 1, 2024," the company said, adding that a number of services and surcharges will also be adjusted. "Overall, the global macroeconomic situation has started to stabilize although uncertainty remains. Through these turbulent times, we deliver stable and reliable services to all our customers globally," said R S Subramanian, senior vice-president for South Asia at DHL Express. With the annual price adjustment, the company can continue to invest in improved solutions and increase flexibility across our network, among others, he added. Prices are adjusted on an annual basis by DHL ..

ECB looks to leverage AI to better understand inflation after big misses

Joining the masses of firms already using AI, the ECB is now exploring ways to process and analyse millions of data points, including public price data, corporate statistics

Inflation a cause of worry for FMCG companies; margins could take a hit

While companies remain cautiously optimistic about demand panning out this year, a dry August has already played spoilsport for demand, especially in rural areas

Swift death of the 'Green Consensus'

Countries across the world are scaling back their climate ambitions from the high points of the past few years

Bank of Japan keeps ultra-loose policy, dovish guidance; yen skids

The BOJ's decision contrasts with those of U.S. and European central banks, which in recent meetings have signalled their resolve to keep borrowing costs high to rein in inflation