Page 33 - Inflation

Rupee eyes RBI monetary policy decision, US inflation data to follow

Non-deliverable forwards indicate the rupee will open barely changed to the U.S. dollar from 82.8150 on Wednesday. In the last two sessions, the currency has been in the range of around six paisa

Disinflation spreads across several emerging markets and selloff deepens

In Hungary, which has the highest interest rate in the European Union, inflation dipped below 20% for the first time in 11 months. The government expects the rate to fall below 10% by October

A veg thali cost 28% more in July than June, thanks to tomatoes: CRISIL

A veg thali comprises roti, vegetables (onion, tomato, and potato), rice, dal, curd, and salad

Pakistan's inflation touches 29.8% amid rise in food, energy prices

Out of these commodities, the price of milk, sugar, and firewood went up; wheat flour and vegetable ghee decreased; whereas prices of long cloth, and electricity remained unchanged

ECB's Philip lane sees inflation slowing significantly later this year

While price pressures won't hit the ECB's goal until sometime in 2025, the recent decline in energy will reduce costs across the economy before long, he said in a podcast produced by the central bank

Bank of England raises interest rate to new 15-year high to fight inflation

The Bank of England raised its main interest rate on Thursday to a fresh 15-year high as it tries to bring down persistently high inflation. The quarter-percentage point increase to 5.25 per cent, which was widely anticipated by economists, was the central bank's 14th hike in a row. There had been fears, certainly among hard-pressed households and businesses, that the bank would repeat its outsized half-point increase from June. But figures last month showing that inflation fell more than anticipated to 7.9 per cent eased the pressure to act as aggressively again. With inflation four times the bank's 2 per cent target, the bank is expected to raise interest rates again over the coming months. Economists said the interest rate outlook will depend largely on how fast inflation comes down. Higher interest rates help dampen inflation but also economic growth by making it more expensive for consumers and businesses to borrow to buy homes, cars or equipment.

Fitch downgrades US' rating: How soon can the markets recover?

Stock markets, analysts suggest, are impacted by unexpected events and see a knee-jerk reaction. When market valuations are high, the sell-off, they say, will be sharp

Erratic rainfall may lead to higher inflation in near term: BoB research

Economics research department of Bank of Baroda (BoB) said that erratic rainfall across the country has resulted in lower 'kharif' sowing this year which is likely to translate into higher inflation in the near term. A report prepared by the department said that rainfall has been six per cent above the long-period average (LPA) till July 30. However, the Eastern and North Eastern region received lower precipitation, while the North Western region recorded higher rainfall. This has resulted in lower 'kharif' sowing this year with pulses registering much lower as compared to last year. "This is expected to translate into a higher inflation in the near term, as IMD expects El Nino conditions will develop in the middle of the monsoon period", the report said. 'Kharif' season is the sowing season from June to the end of October. The country's CPI inflation rate rose to a three-month high of 4.81 per cent, with WPI inflation at 4.12 per cent. The RBI Governor-led six-member monetary p

Short-term inflation in Pak stays above 29% as electricity, LPG price hikes

The short-term inflation on a week-on-week basis measured by the Sensitive Price Index (SPI), rose 3.73 per cent which marks the highest increase in the past two months

How should Japan respond to inflation?

Japan should view today's inflation as an opportunity to break its deflationary equilibrium and raise inflation expectations

Vegetables in India to stay expensive for longer on erratic monsoon

Vegetables prices, which have a 6% weighting in the overall consumer price index (CPI), hit a seven-month high in June, rising 12% month-on-month, official data shows

Fed hikes rates to highest level in 16 years at 5.25%-5.5% citing inflation

The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and the accompanying policy statement left the door open to another increase

Q1 a washout, exporters pin hope on North America for a turnaround

Slowdown in key economies, as well as geopolitical tensions resulted in sluggish demand for Indian goods

Inflation bites off Jubilant Food's Q1 profit; analysts serve earnings cut

What's also worrying the Street is the likelihood of a dismal Q2FY24 performance, which they feel will be marred by soaring milk, cheese and vegetable prices, and an embargo on Ukraine's wheat exports

UK's high food inflation not driven by weak competition: Regulator

UK food price inflation reached its highest since 1977 in March at more than 19%, according to official data

ITC hits new high on heavy volumes; enters Rs 6-trillion market cap club

FPIs increased their stake in ITC to 14.51 per cent at the end of the June quarter, up from 14.21 per cent seen at the end of March quarter

World's cheapest Domino's pizza is in inflation-hit India, costs just $0.60

The 49-rupee ($0.60) pizza in India, Domino's No.1 market outside America, is the tip of the spear in its fight against rampant inflation that's squeezing profits and pricing out many customers

UK inflation slows sharply, offering some relief to Bank of England

Bank Rate peaking at 6% is no longer fully priced, which had been the case on Tuesday

Markets are at starting point of a mid-to-long term bull run: Ajit Banerjee

The mid and small caps look a bit heated up from a near-term perspective. The earning yields of mid and small-cap stocks on a trailing 12-month basis are higher than that of largecaps

Britain's food industry thinks worst inflation is over as costs stabilise

Britain's overall rate of inflation has remained stubbornly high this year. Economists expect it to dip to 8.2% on Wednesday