Page 34 - Inflation

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

Janet Yellen sees disinflation pressures at work as hiring surge fades

The improvement in US inflation trends has contrasted with suggestions of outright deflationary risks in China

MoSPI kicks off work for CPI base revision after over a decade: Report

This is the first time the ministry is revising the base in over a decade. Currently, the base year for calculations of CPI is 2011-12

Fight against inflation far from over as food price spikes: RBI bulletin

Surging food prices accelerated India's annual retail inflation rate to 4.81% in June, snapping four months of easing and erasing any chance of a rate cut this year

WPI inflation declines to -4.12% in June on easing prices of food

The wholesale price index (WPI) based inflation in May was (-) 3.48 per cent. In June last year, it was 16.23 per cent

The policy inversion

With global economic policy preferences being the opposite of those seen after the 2008-09 crisis, so should be the implications

Global shares jump on Wall Street's return to highest level in over a year

Global shares rose Thursday, boosted by Wall Street's return to its highest level in more than a year after a report showed US consumer inflation cooled a bit more than expected last month. France's CAC 40 added 0.2% in morning trading to 7,350.45. Germany's DAX edged up 0.2% to 16,048.19. Britain's FTSE 100 gained 0.1% to 7,425.73. US shares were set to drift higher with Dow futures up nearly 0.2% to 34,608.00. S&P 500 futures up 0.3% to 4,521.25. In Asia, Japan's benchmark Nikkei 225 jumped 1.5% to finish at 32,419.33. Hong Kong's Hang Seng surged 2.6% to 19,350.62, while the Shanghai Composite gained 1.3% to 3,236.48, even as China reported a slump in trade in June. Chinese exports tumbled 12.4% in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation even as Chinese leaders struggled to keep a post-COVID recovery from faltering. The customs data released Thursday showed imports slid 6.8%, while the trade surplus rose was $70.6 .

Tomato is not the villain of the rise in retail inflation in June

The kitchen staple may, however, be responsible for its spike in July

Barclays and Yes Bank raise India's inflation forecast as prices jump

Surging prices of vegetables and pulses pushed up inflation to a three-month high of 4.81% last month, ending four months of moderation

Amid supply chain woes, Tomato prices breach Rs 200 per kg mark in Delhi

On Wednesday, the Centre announced that it will start selling tomatoes at discounted rates in retail markets in the national capital and a few other cities from Friday

Higher inflation, oil price to keep RBI on hold; cap market gains: Analysts

Another worry for the RBI and the markets are the monsoons back home (intensity and spatial distribution)

Top headlines: Disney explores option for India biz, veggie prices soar

Business Standard brings you the latest headlines at this hour

Price hike-geddon! McDonald's India ditches tomatoes as prices skyrocket over 445%

McDonald's has temporarily removed tomatoes from their menu in North and East India. Watch the video to know the reason behind the decision. >

Greedflation: The Rise of Corporate Profiteering

Why is greedflation making headlines? In developed economies like the UK and the US, concerns have been raised about the role of corporate greed in driving up the cost of living. >

UK wage growth remains strong, highest since 2001 amid high inflation

Wages in the UK are still rising at record highs, official figures showed Tuesday, as inflation remains stubbornly high. The Office for National Statistics said that wages, excluding bonus payments, rose by 7.3% in the three months to May, unchanged over the previous three-month period and matching the highest rate since records began in 2001. The agency's director of economic statistics Darren Morgan said that due to high inflation "the real value of weekly earnings are still falling, although now at its slowest rate since the end of 2021. Though inflation has fallen from its peak of over 10% at the end of last year, it remains elevated at 8.7%. The failure of inflation to fall as anticipated has stoked concerns that the Bank of England will continue to raise interest rates in the coming months rather than take a pause. The central bank lifted its main interest rate to a 15-year high of 5% last month, which has led to a sharp increase in mortgage rates. Elsewhere, the statistics

India's inflation rate lowest among major countries, says JP Nadda

Bharatiya Janata Party president JP Nadda on Monday said India's inflation rate was the lowest among major countries and asserted those who kept talking about food prices were ones who do not read or write much and lack information on the issue. He was addressing party functionaries at the 'Karyakarta Samvad' in Vadodara city. "It is natural people will talk about price rise. But, also keep in mind some factors, such as the effect on the economy because of coronavirus, recession and supply chain issues due to the Ukraine war," he said. "Aren't countries like the US in trouble? Despite that, the International Monetary Fund and Morgan Stanley are saying that India is a bright spot in the global economy", said Nadda, who also shared some figures on the topic to make the workers understand his point. India's GDP is growing at a rate of 8.7 per cent, much higher than countries like Australia, Canada, Germany and South Korea, he said. The BJP president said the rate of inflation in the

Egypt inflation rate sets record high at 36.8% in June, official data show

Egypt's annual inflation rate set a record high in June, as the most populous Arab country continues to battle price hikes and a depreciating currency, the Egyptian statistics bureau said Monday. The annual inflation rate reached 36.8 per cent last month, up from 33.7 per cent recorded in May, according to data released by the state-run Central Agency for Mobilization and Statistics. Prices in Egypt rose across many sectors, from food items and medical services to housing and furniture following the Russia-Ukraine war, which unleashed a wave of inflation across the globe. In Egypt, food and beverage prices, the main drivers of inflation, rose by 64.9 per cent in June over the same time last year, the data released Monday showed. Grains, meat, poultry, fish, and fruit were among the products with the biggest price spikes. The inflation rate last month more than doubled compared to June 2022 when it was at 14.7 per cent. Egypt, a country with over 105 million people, is the world's

Inflation likely rose to 4.58% in June on higher food prices: Reuters poll

"We believe the RBI will tolerate a supply-side driven rise in food inflation as long as core price pressures continue to ebb within the bank's tolerance band," said Alexandra Hermann

Soaring vegetable prices can tip delicate inflation balance: Economists

However, if the spike in vegetable prices sustains, it could push July inflation towards 6%, said Gaura Sen Gupta, an economist at IDFC First Bank

There's more pain ahead for S&P 500 as profit warnings loom, say investors

The biggest negative for the earnings season will be the impact of further tightening of financial conditions, said 42% of respondents