Page 44 - Inflation

Inflation is driving boom in secondhand shopping, $177 bn global sales

The shoppers most attracted to resale are members of younger generations, mainly Gen Z

SL central bank maintains current interest rates to continue disinflation

The Central Bank of Sri Lanka announced a decision to maintain its Standing Deposit Facility Rate and Standing Lending Facility Rate at the current level of 15.50 per cent and 16.50 per cent

Time to avoid the 'last hike'

One feels that arguments in favour of a pause in April are strong

Australia pauses rate hikes to assess tightening impact, inflation in focus

In March, two-wheelers, three-wheelers, passenger vehicles and commercial vehicles saw a growth of 12 per cent, 69 per cent, 14 per cent, and 10 per cent, respectively

India's GDP growth to slow down to 6.3 per cent in FY24: World Bank

The latest India Development Update, released Tuesday, notes that rising borrowing costs and slower income growth are expected to weigh on private consumption growth

ADB slashes India GDP growth forecast to 6.4% for FY24, cites risks

Private consumption will be the main driver of growth, says international agency

European countries' battle with inflation is far from over amid tax cuts

Even pricier food risks further aggravating social discontent and frustration with authorities. On top of that, an surprise oil output cut by OPEC+ at the weekend is pushing oil prices higher

Growth, margins play whack-a-mole with consumer discretionary space

Some brokerages bet on consumer staples, preferring this more defensive space

Inflation, unorganised distribution of flour blamed for stampede in Pak

There have been multiple stampede incidents across Pakistan due to the unorganised distribution of free flour which led to the death of various inflation-hit people, who gathered to collect food

Inflation in Pakistan rises by record as IMF reforms spur gains: Data

Consumer prices rose 35.37% from a year earlier, according to data released by the statistics department Saturday

Sri Lanka's inflation drops further to 50.3% amid ongoing economic crisis

The country's central bank said that inflation will be reduced to single digit by the end of the year

Global stocks climb and US treasury yield declines after inflation data

U.S. consumer spending rose moderately in February, and while inflation cooled, it remained elevated enough to possibly allow the Federal Reserve to raise interest rates one more time this year

Markets flat after volatile year; benchmarks swing over 20% in FY23

Sustained rate hikes by global central banks, Russia-Ukraine war, stubborn inflation and developed world banking crisis kept a leash on stock price performance

India's farm exports likely to touch record $56-57 billion: Official

The achievement will be commendable, given that exports of several high-value items, such as wheat and rice, have been banned during the financial year to control inflation

Fed-favored inflation gauge rises by les than forecast, spending moderates

Excluding food and energy, the Fed's preferred inflation gauge - the personal consumption expenditures price index - rose 0.3% in February after the prior month was revised down slightly

Egypt's Central Bank raises interest rates to curb surging inflation

Egypt's Central Bank said it raised interest rates on Thursday as the embattled Middle Eastern country continues to battle surging inflation and a depreciating currency. In an online statement, the bank's monetary policy committee said the most basic lending rate, the overnight deposit rate, has increased from 16.25% to 18.25%. The hike aims to ease spiraling inflation, with the annual figure reaching 32.9% in February, up from 26.5% in January. Nearly a third of Egyptians live in poverty, according to official figures, and are struggling to keep up with rising prices, which have soared since Russia invaded Ukraine last year. The prices of basic items such as grains, meat, poultry, fish and fruit, have risen drastically over recent months. Since the outbreak of the war in Europe, the Egyptian pound has lost more than 50% of its value against the dollar. The currency slide accelerated after Egypt first announced it had reached a $3 billion bailout agreement with the International .

Wall Street poised to join stocks advance, inflation ebbs in Europe

The dollar was a touch weaker, while crude oil prices rose after a surprise drop in U.S. stockpiles

Toll operators in India to see a revenue jump of 16-18% in FY23: CRISIL

In FY24, the revenue growth will continue to be strong, but it will be a lower 9-11 per cent

RBI may opt for 25 bps interest rate hike in monetary policy meet: Experts

The two key factors which the committee will deliberate intensely while firming up the next monetary policy are elevated retail inflation

MGNREGS pay still below minimum wage in several states, shows data

Gap remains despite a hike of up to 10.4% notified by the Centre for the coming financial year