Page 31 - Inflation

Only recession can tame West's inflation, says adviser to UK chancellor

While European Central Bank President Christine Lagarde and Powell offered few clues about their next steps at their upcoming decisions, each signaled ongoing concern about prices

India's farming input inflation saw marginal dip in last few months

WPI-based food inflation remained subdued since November last year, but rose in July, higher than the consumer price index inflation at 11.51 per cent

Nationwide protests in Pak gain momentum against inflated electricity bills

Protests against the exorbitant electricity prices have spread across the entire nation, from Karachi to Khyber, and some protests are now turning violent

Seeing green shoots of pickup on volumes as inflation moderates: ITC CMD

As inflation is moderating, diversified group ITC is seeing green shoots of volume growth and expects the momentum to continue sequentially, its Chairman and Managing Director Sanjiv Puri said on Sunday. This will certainly lead to improvement in volume, but it will not happen overnight, said Puri here on the sidelines of the B20 Summit organised by the CII. Over the ITC's plan for the demerger of its hotel business, Puri said it is going to benefit the existing shareholders by incorporating a wholly-owned new subsidiary ITC Hotels Ltd. "It will be a pure-play, focused on hospitality, which can leverage the institutional strengths of ITC. And ITC in turn will be able to leverage the synergy on its hospitality business, or its FMCG businesses," Puri told PTI. It is a "very robust" model, which will help the business to make the hotel business accelerate progress, whilst retaining synergies and it will improve the financial metrics of ITC, he added. Over inflation, Puri said this is

Global inflation pressures could become harder to manage in future: Study

Rising trade barriers. Aging populations. A broad transition from carbon-spewing fossil fuels to renewable energy. The prevalence of such trends across the world could intensify global inflation pressures in the coming years and make it harder for the Federal Reserve and other central banks to meet their inflation targets. That concern was a theme sounded in several high-profile speeches and economic studies presented Friday and Saturday at the Fed's annual conference of central bankers in Jackson Hole, Wyoming. For decades, the global economy had been moving toward greater integration, with goods flowing more freely between the United States and its trading partners. Lower-wage production overseas allowed Americans to enjoy inexpensive goods and kept inflation low, though at the expense of many US manufacturing jobs. Since the pandemic, though, that trend has shown signs of reversing. Multinational corporations have been shifting their supply chains away from China. They are seek

Germany's inflation trauma of 1923 strikes an unpleasant chord today

Soaring energy costs helped trigger a recession that's exposed economic frailties. Heightened inequality, meanwhile, is fueling a resurgence of far-right political forces

Fed's Powell says higher rates may be needed, will move 'carefully'

"It is the Fed's job to bring inflation down to our 2% goal, and we will do so," Powell said in a keynote address to the Jackson Hole Economic Policy Symposium

Beyond forming an alliance: INDIA must offer more than the govt's criticism

Building the temple in Ayodhya, removing J&K's special status, and ending the so-called minority appeasement may be Mr PM's pitch to beat the criticism on inflation and unemployment, writes T N Ninan

RBI may hike rates in case cereal inflation picks up, say analysts

According to the note, if price pressures around cereal inflation begin to pick up further, then the RBI may be forced to use rate action

B20 Summit India: My priority is to tame inflation, says FM Sitharaman

Finance Minister Nirmala Sitharaman on Friday said the government's priority is to tame inflation to ensure sustained economic growth. Addressing the B20 Summit India, being hosted by the Confederation of Indian Industry (CII), the minister said the GDP numbers for the first quarter, to be released this month, should be good. Observing that elevated interest rates for considerable time hampers recovery, Sitharaman said, "my priority is to tame inflation." Retail inflation soared to a 15-month high of 7.44 per cent in July, mainly on account of spiralling prices of tomatoes and vegetables. On growth, she said that India has been able to accelerate the pace of economic reforms and the first quarter GDP numbers "should be good." The National Statistical Office is scheduled to release the GDP numbers for the first quarter on August 31. Sitharaman said that "green shoots' of private capital expenditure can be felt on back of the government's push for capital expenditure in the budget.

India's retail inflation surges on food prices in challenge to Modi govt

Food inflation, which accounts for nearly half of the overall consumer price basket, hit a staggering 11.51% in July as compared with a revised 4.55% in June

Inflation may stay elevated in coming months, says finance ministry

The government's continued emphasis on capital expenditure is expected to drive growth in the coming years, the finance ministry said in its monthly economic review for the month of July

Analysts see bond yields hitting 7.5% in near-term; how should you invest?

Over the past one month, the yields on 10-year government bonds have risen 14.7 basis points to 7.218 per cent in India, while they have touched a 17-year high of 4.35 per cent in the US

BS Policy & Politics: Food-driven retail inflation may cool only in Sept

Cereals, pulses and milk were other food items to push up the rate of price rise in July, prompting the government to take more measures to tame prices

Global uncertainty, domestic disruption to keep inflation elevated: FinMin

The finance ministry on Tuesday said the inflation in food items is likely to be transitory as preemptive measures by the government and arrival of fresh crops will cool prices, even though global uncertainty and domestic disruptions may keep inflationary pressures elevated for the coming months. In its Monthly Economic Review for July, the ministry said going forward, while domestic consumption and investment demand are expected to continue driving growth, enhanced provision for capital expenditure by the government in the current fiscal is now leading to crowding in of private investment. The consumer price index based retail inflation spiked to a 15-month high of 7.44 per cent in July 2023, with specific food commodities mainly driving the increase. Core inflation, however, stayed at a 39-month low of 4.9 per cent. Cereals, pulses and vegetables exhibited double-digit growth in July compared to the corresponding period last year. Disruption in domestic production also aggravated

Inflation pressures warrant government, central bank vigilance: FinMin

The ministry's comments come weeks after data showed retail inflation in July rose to its highest in 15 months, as vegetable and cereals prices skyrocketed

You can buy onions at Rs 25/kg through retail outlets of NCCF from today

Centre has also raised the quantum of onion buffer to 500,000 metric tonnes this year, after achieving the initial procurement target of 300,000 metric tonnes

Govt's analgesic for inflation: Steps to alleviate price rise in pipeline

If the monsoon season does not undergo a substantial revival, there could be added pressure on prices, especially if the standing kharif crop begins to deteriorate

FMCG Q1: Volume up as inflation moderates, small players make comeback

The FMCG industry witnessed growth in volume and expansion in gross margins in the June quarter aided by moderation in inflation which also boosted small players in select categories. Several small players, which had earlier vacated some of the market segments during the peak of inflation, returned back and intensified the competition at the local level, forcing several big FMCG players to go for price corrections. Most of the listed FMCG entities reported volume-based growth in home care, personal care, beauty and foods products business, except the ice cream and beverages portfolio which was impacted by unseasonal rains in April and early May during the quarter. As material inflation reduced from high single digits to low single digits, there has been an uptick in volumes in both urban and rural markets, indicating promising signs of recovery in demand and makers including HUL, ITC, Godrej Consumer, Dabur, Marico and Tata Consumer are increasing spends on advertising and ...

With effective market intervention, Kerala has lowest inflation: CM Vijayan

Kerala, which is a consumer state, has tackled inflation with "effective market interventions" and the price rise is lower than the national average, Chief Minister Pinarayi Vijayan said on Friday. The inflation rate is also the lowest among the states, he said amid concerns about rising prices nationwide. Inaugurating the Supplyco Onam Fest Vijayan said the Left government was proud of the fact that it kept its election promise not to increase the prices of 13 essential commodities for the common man. Accusing the Centre of 'failing' to control the prices, he claimed that Kerala had the lowest inflation rate in the country. "Kerala has one of the lowest inflation rates in the country due to an effective market intervention by the State government. We're a consumer state, so the price rise should usually reflect in our state as well. But all the figures show that we were able to keep the inflation rate much below the national average," Vijayan said. Inaugurating the statewide netw