Page 48 - Inflation

How Russia-Ukraine conflict has impacted global and Indian economy

External conditions deteriorated due to the war on many fronts

RBI MPC minutes show deepening concerns over inflation pressures

Disinflation can't rely only on food, must be firm in inflation fight, says RBI Das

Treasury Bill yields soar over tighter liquidity, inflation worries

Yield curve flattens; T-bill, 10-year bond spread now at 16 bps versus 222 bps a year ago

After wild swing, jeera prices fall 22% on hopes of higher output

Prices jumped 140% till Jan; farmers expect a repeat as heat wave, shift to other crops may keep output down

New Zealand hikes key rate to 4.75% to fight inflation despite cyclone

New Zealand's central bank raised its benchmark interest rate by a half-point Wednesday to 4.75 per cent as it continues trying to wrestle down inflation. The increase, which can raise the borrowing costs for consumers on everything from credit cards to mortgages, comes despite the economic pain that a devastating cyclone is already inflicting on many people. The bank said that over time, the cyclone rebuild will only add to inflationary pressures. Cyclone Gabrielle hit New Zealand last week, killing 11 people and causing billions of dollars in damage to homes and infrastructure. Reserve Bank Governor Adrian Orr said the committee that makes interest rate decisions agreed the rate needed to increase to ensure that inflation returned to the bank's target of around 2 per cent from its current level of 7.2 per cent. Orr said that while there were some early signs price pressures are easing, core inflation remained too high and employment was at its maximum sustainable level, with the

Sticky inflation to nudge RBI to hike interest rates once more: Poll

The survey also showed inflation was likely to remain sticky at 6.00% this quarter, higher than the RBI's forecast of 5.70%

Bitcoin extends rebound with year-to-date gain at 50%; defies macro peril

Bitcoin's year-to-date gain has now reached 50% after a further jump in February, contrasting with a retreat in global equities this month courtesy of a macroeconomic environment replete

India, China to contribute more than half of global growth this year: IMF

IMF added that the central banks across Asia need to stay 'alert' as the core inflation is still high, and the re-opening of China's economy may push inflation up due to higher demand

FM Nirmala Sitharaman defends RBI: 'Reining in inflation, capital outflows'

India's retail inflation reversed its downward trend in January at 6.52 per cent and once again breached the central bank's upper tolerance limit

State Bank of India issues Rs 4.5K-crore in AT1, half of the amount planned

Bonds allocated at coupon of 8.2% with call option on Feb 2033

RBI will take required action to keep inflation in check: FM Sitharaman

In a recent report the RBI said that the retreat of inflation is expected to be stubborn and beset by supply shocks in the upcoming year

Moldova protesters want energy subsidies amid cost-of-living crisis

Several thousand protesters rallied in Moldova's capital Sunday to demand that the country's new pro-Western government fully cover citizens' winter heating bills amid a cost-of-living crisis and skyrocketing inflation. The protest was organized by a recently formed group called Movement for the People and supported by members of Moldova's Russia-friendly Shor Party, which holds six seats in the former Soviet republic's 101-seat legislature. Some of the demonstrators who converged on Chisinau called for the resignation of the country's president, chanting Down with Maia Sandu! Others held placards with the faces of some Moldova's leaders and politicians placed next to photographs of large homes and fancy cars. "They have millions. We are dying of hunger, they said. Sandu on Feb. 13 outlined what she claimed was an alleged plot by Moscow to overthrow the government in order to put the nation at the disposal of Russia, and to derail it from its course to one day join the European ...

Economic activity cools down in Jan amid slowdown fears, exports fell 6.58%

The Reserve Bank of India, which has raised borrowing costs six times since May to 6.50%, is seen increasing interest rates again in its April review amid inflation topping estimates

Saffola a Rs 2,000 crore-plus brand; worst of inflation is over: Marico CEO

Saffola, the master brand under which Marico offers healthier food options, is now worth Rs 2,000 crore-plus, said Marico MD & CEO Saugata Gupta. About inflation, Gupta told PTI the "worst" is behind and he sees a gradual recovery for the FMCG (Fast Moving Consumer Goods) segment with rural market making a comeback. The rural FMCG market, which has witnessed a decline in the last 4-5 quarters, is expected to have a turnaround in the next 2-3 quarters, he said. "I think the worst is behind," said Gupta, adding, "Overall for FMCG, we see a gradual recovery, but that has to be led by rural. Urban has been decent." At the industry level, food continues to do well and HPC (home and personal care) category is struggling a bit. This is because, last year, there was significant inflation, he said. As inflation eases, now he expects "better margins" in top-line and said the urban market and modern trade channels are recovering and going back to pre-Covid levels while the general trade is .

India limits wheat exports through the govt route as prices rise

This is starting from November last year

Sticky inflation pushes Wall Street toward weekly losses, rate hikes fears

Wall Street is poised to extend its slide Friday, one day after U.S. markets suffered their biggest drop in a month on an inflation reading that came in hotter than expected. Futures for the Dow Jones industrials slid 0.5 per cent and the S&P 500 dipped 0.7 per cent . Oil prices fell more than 3 per cent . The S&P 500 lost 1.4 per cent Thursday following news that inflation at the wholesale level slowed less than economists had expected. That hot reading echoed inflation data earlier in the week at the consumer level that suggests inflation isn't falling as steadily as was hoped, though Fed Chair Jerome Powell has warned of an uneven return to more normal levels of inflation. Stocks have gyrated on worries that persistently high inflation will push the Federal Reserve to get even more aggressive on interest rates. Higher rates tend to cool inflation, but they also raise the risk of recession of spending trails off too much. Continued strength in the inflation data suggests ..

Low growth, high inflation, unemployment burdening people: Chidambaram

Senior Congress leader P Chidambaram on Friday alleged that low growth, high inflation and unemployment are putting "intolerable burdens" on people, as he asked the government to candidly tell them what are the growth prospects in 2023-24. The former finance minister said, in its January 2023 report on Global Economic Prospects, the World Bank has further downgraded world growth to 1.7 per cent in 2023. "Yet the Government and the RBI continue to say that the Indian economic situation is 'eminently manageable'," Chidambaram said on Twitter. GDP growth has slid from quarter to quarter in 2022-23, the senior Congress leader said, asserting that the government must candidly tell the people what are the growth prospects in 2023-24 "Low growth, high inflation and unemployment are putting intolerable burdens on the people, especially the poor and the middle class," Chidambaram said. The Congress has been accusing the government of mishandling the economy and raising the issue of ...

Rural wage growth trailing inflation, govt should continue support: Report

Rural wage growth is trailing inflation and the government needs to continue with policy support to help people in the mofussil areas, a credit information company said on Thursday. In a report, Crif High Mark observed that rural wages are unable to keep pace with rising inflation and sought continued interventions from the policy front on this. with rising rural inflation, decline in real rural wages and slowing rural demand, it is important for the government and policymakers to continue their support to the rural sector, it said. Rural inflation had remained above urban inflation in the first half of 2022, it said, adding that rural consumption declined and average rural unemployment decreased. The rural business confidence index, which takes inputs from macroeconomic indices, credit bureau data and the survey of companies operating in the rural areas, grew by nearly 10 points to 73.5 in 2022. The government has focused on providing relief and credit flow to small business and

Govt may consider fuel, maize tax cuts to control climbing retail inflation

The Indian government could consider reducing taxes on some items such as maize and fuel in response to the central bank's recommendations to help rein in climbing retail inflation

Fossil fuel related items contributed 20% to annual inflation rate of India

Fossil-fuel related items -- transport and household energy -- contributed about 20 per cent to India's annual rate of inflation between April and May 2022, said a report by Cambridge Econometrics