Page 40 - Inflation

Stagflation is the risk that eludes investors mispricing financial markets

That highlights the risk of mispricing in short-term interest rates market, which are pricing in one to two quarter-point rate cuts by the end of this year

What about 'Mann ki Baat' on inflation and unemployment? Maha Cong chief

Maharashtra Congress president Nana Patole on Sunday wondered when Prime Minister Narendra Modi will do a 'Mann ki Baat' on issues such as inflation and unemployment. On a day when the 100th episode of PM Modi's monthly radio programme was aired, Patole said the prime minister should clarify his ties with businessman (Gautam) Adani. ''Instead of talking about other things, Modiji should tell people about his relationship with Adani," the Congress leader told reporters. "The 100th episode of PM Modi's 'Mann Ki Baat' was celebrated with great fanfare. During these 100 episodes, PM Modi never mentioned the burning issues of the country such as inflation, unemployment, the collapsing economy, encroachment by China, sexual abuse of women wrestlers by BJP MP, '40% corrupt' government in Karnataka, farmers etc," Patole alleged. In a dig, he said in a democracy one should do 'janta ki baat' by speaking about the issues of the masses and not 'Mann Ki Baat'. He said the people of the countr

Europe's economy barely gains momentum as inflation pinches consumers

The European economy scraped out meager growth in the first three months of the year, barely gaining momentum as stubborn inflation raises the price of groceries and erodes people's willingness to spend paychecks that are failing to keep pace. Friday's less-than-stellar increase of 0.1 per cent from the previous quarter follows disappointing growth estimates from the US, which kept alive fears of a looming recession in the world's largest economy. The 20 countries that use the euro currency picked up a little speed from January through March after zero growth in the last three months of 2022. The eurozone avoided a winter recession thanks to mild weather that alleviated pressure on natural gas supplies. European governments and utilities also scrambled to line up additional sources to heat homes, generate electricity and power factories after Russia cut off most of its supply to the continent over its war against Ukraine. Germany, Europe's largest economy, turned in disappointing z

Jharkhand Congress observes fast to protest against inflation, unemployment

The Jharkhand unit of Congress observed fast as part of its Jai Bharat Satyagraha' programme here on Wednesday to protest against inflation and unemployment in the country. State ministers Rameshwar Oraon, Badal Patralekh and Banna Gupta and many other Congress leaders assembled at Bapu Vatika at Morabadi ground in Ranchi, holding placards with Daro Mat' (Don't be afraid) written on these. Speaking on the occasion, Jharkhand Congress president Rajesh Thakur said their party leader Rahul Gandhi led a 4,000 kilometre-long yatra from Kanyakumari to Kashmir to "protest against inflation, unemployment and hate spread by the BJP" across the country During the yatra, people told him about their sufferings. When our leader Rahul Gandhi raised questions over inflation, unemployment and the relationship between Adani group and the BJP government in view of Hindenburg Research allegations, his membership of Lok Sabha was cancelled, Thakur said. Gandhi, representing Wayanad parliamentary ...

Aus inflation passes peak but cost-of-living pressures still felt: Official

Australia's Treasurer Jim Chalmers on Wednesday said the country has passed the peak of the inflation crisis but cost-of-living pressures would hang around

Supply side problems adding to inflation, govt monitoring continuously: FM

Union Finance Minister Nirmala Sitharaman on Wednesday said seasonal supply side problems add to inflation and that they are being monitored continuously with efforts being made to bring down prices of essential commodities. Highlighting that efforts have also been made to bring down fuel and natural gas prices, she said these are imports coming into the country and the prices are high in the global market, due to the impact of Covid and Russia-Ukraine war. "On prices, since November 2021, when the Prime Minister himself has instructed us to reduce the excise duty on fuel, as a result before Deepavali one announcement was made. Then sometime in June 2022, again we reduced the excise duty further. As a result, price of fuel came down somewhat," Sitharaman said during a press conference here. "But when we are speaking about fuel or natural gas, we need to understand one thing: these are products which are imported, and particularly after Covid and particularly even more after the war

Inflation and its discontents

Central banks are incapable of dealing with the political and economic outcomes of inflation, and the sooner this is recognised, the less dangerous the consequences will be going forward

Indian firms' to slow down IT spending due to cost, global factors: Study

Inflation and currency devaluations make technology investments costlier, it says

Inflation relief camp 'Mehangai Rahat' finds many takers in Rajasthan

Around 650,000 people across the state had reportedly registered themselves under different welfare schemes of the state government to get relief from inflation

Raw material inflation may dent Nestle India's Q1CY23 margins YoY: Analysts

Nestle India Q1CY23 preview: While Indian business is likely to report double-digit revenue growth on a YoY basis, the international business is estimated to grow in mid-single digits, said analysts

Inflation relief camps to be organised in Rajasthan from Monday: CM Gehlot

Rajasthan Chief Minister Ashok Gehlot will inaugurate inflation relief camps, to be organised in the state from April 24 to June 20 with an aim to provide relief to people from rising prices, officials said on Sunday. The chief minister will launch the camp at Mahapura village panchayat of Sanganer here on Monday. In a statement, Gehlot said that the main objective of these camps is to empower the common people by giving them complete information about their rights, schemes and their eligibility. The general public and the deprived sections will be provided relief from inflation by connecting them with the public welfare schemes of the state government. He said that the common people will get the benefit of 10 public welfare schemes in the camps, which will provide relief from the rising inflation. Registration has been made mandatory in the camps to join the 10 public welfare schemes run by the state government. For the convenience of the common people, a person from any district

No hike needed if inflation within tolerance band: MPC member Ashima Goyal

In a Q&A, she explains why the rate setting panel's current focus should be to bring down inflation

When inflation gets closer to 4%, focus can shift to growth: Jayanth Varma

'Lot of high frequency indicators are showing some signs of slowing'

Inflation's grip on businesses loosened in March at the wholesale level

Inflation's grip on businesses loosened greatly in March, raising hopes that companies and consumers will suffer less from high prices as 2023 rolls on. The U.S. government said plunging energy prices pulled the producer price index down 0.5% in March from February. It marks the biggest decrease in producer prices in three years and follows other reports showing easing inflation on broader consumer prices. Producer prices, also known as wholesale costs, track prices in the production process before they reach the consumer. As a result, the producer price index can provide early signs of where inflation is headed. Some producer price data is also used in the construction of the Federal Reserve's preferred measure of inflation, and so the decline in producer prices means the Fed's preferred index may also decline or come in very low when it is reported next week. Lower prices paid by businesses on raw materials and other items means they are less likely to raise prices in the month

Pakistan's inflation to rise to 29.5% in FY23, projects World Bank

The World Bank has warned that Pakistan's inflation is projected to further rise to 29.5 per cent in the fiscal year 2023 due to higher energy and food prices and the weaker Rupee, Dawn reported

US retail giant Best Buy to lay off hundreds of employees amid inflation

"Employees in 'consultant' roles told they can reapply for other internal jobs or receive severance," the report said

Samsung cuts pay hike to average 4.1%, freezes raises for board members

Both parties hammered out the compromise, taking into consideration the external headwinds that caused the quarterly profit to plunge nearly 96 per cent in the first quarter

When the randomness of monetary policy reminds one of a game of Ludo

The real issue may be that the RBI does not really subscribe to the mandate it has been given, and the govt, in a pre-election year, quietly supports such agnosticism, writes T N Ninan

Core inflation falls in March but health inflation remains steady, elevated

Household goods and services, personal care products still hovering at high levels

Global economy mired in weak growth, sticky inflation: IMF chief Georgieva

IMF's projection of 2.8% global growth for 2023 "is not enough to bring opportunities to businesses and people around the world, and most worrisome is the projection for weak growth over longer period