Page 51 - Inflation

Global factory activity contracts again in Jan, highlights fragile recovery

The latest figures come as central bankers gear up for another round of interest rate increases to combat high inflation

Jerome Powell likely to underscore US Fed's inflation fight far from over

Inflation is cooling, and parts of the economy appear to be weakening. But Chair Jerome Powell is likely Wednesday to underscore that the Federal Reserve's primary focus remains the need to fight surging prices with still-higher interest rates. With financial markets anticipating that the Fed will stop raising rates soon and possibly even cut them later this year, analysts say Powell will need to push back against such optimism. If financial markets expect lower rates than what the Fed plans to deliver, the central bank's already treacherous task can become even harder. Powell's tough message will likely emerge at a news conference after the Fed's 19-member policy committee announces its latest action. The policymakers are set to raise their benchmark rate by a quarter-point to a range of 4.5% to 4.75%, its highest level in about 15 years. The move could further increase borrowing rates for consumers as well as companies, ranging from mortgages to auto and business loans. In some

Measures of inflation: Understanding CPI and WPI, and how they differ

The key difference is that one works at the production level, the other at the level of the household; but there are a few other differences as well

Prompt measures by govt, RBI contained inflation: Economic Survey

A rising phase up to April 2022 when it crested at 7.8 per cent, then a holding pattern at around 7 per cent up to August 2022 and then a decline to around 5 per cent by December 2022

Telangana logged highest inflation in FY23, reveals Economic Survey

The report also shows that the inflation in rural Telangana was 9.2 per cent while it was 8.3 per cent in the urban areas

Upside risks to CPI inflation likely to outweigh downside risks: Eco Survey

The Survey, which was tabled in Parliament on Tuesday by Finance Minister Nirmala Sitharaman, noted that India's inflation management is 'noteworthy' and can be contrasted with advanced economies

Latest LIVE: 12 dead in massive fire at multi-storey building in Dhanbad

Catch all the latest Budget 2023-24 news and updates here

Economic Survey 2022-23: What does it say about inflation and employment

Economic Survey said that RBI's inflation projections for FY23 are neither too low nor too high

Inflation, loans, forex balance: The many crises for Pakistan's economy

Without a bailout package from IMF and support from others, India's neighbour will be pushed deeper into the abyss

India's growth for next year pegged at 6.5%; higher than IMF projection

Sticky global inflation could keep rates higher for longer, hurting growth including in emerging markets like India

Inflation in India expected to come down to 5% in 2023 and 4% in 2024: IMF

Inflation in India is expected to come down from 6.8 percent in the current fiscal year ending March 31 to 5 percent the next fiscal, and then drop further to 4 percent in 2024, the International Monetary Fund (IMF) said on Tuesday. Inflation in India as in other countries is expected to come down from 6.8 percent in 2022 to 5 percent in 2023 and then 4 percent coming towards the target in 2024, Daniel Leigh, Division Chief, Research Department of the IMF told reporters here. That partly reflects the central bank's actions, he added, According to the World Economic Outlook update released by the IMF on Tuesday, about 84 percent of countries are expected to have lower headline (consumer price index) inflation in 2023 than in 2022. Global inflation is set to fall from 8.8 percent in 2022 (annual average) to 6.6 percent in 2023 and 4.3 percent in 2024 -- above pre-pandemic (201719) levels of about 3.5 percent, it said. The projected disinflation partly reflects declining internationa

Early pivot unlikely in the face of persistent inflation: UTI AMC's Chopra

"Credit funds have performed quite well in 2022, on the back of an improving economic cycle, low-interest rates, and easing liquidity as domestic and global economies opened up"

US consumer spending softens in December even as inflation eases

The data was included in the advance fourth quarter gross domestic product report, which showed consumer spending maintaining a solid pace of growth

Card spending slows, hurting revenue growth amid inflation, says Mastercard

Net revenue for the fourth quarter jumped 12% to $5.82 billion, in line with the $5.8 billion average of analyst estimates compiled by Bloomberg

Pakistan's State Bank raises key rate by 100 basis points as crisis mounts

State Bank of Pakistan raised the target rate to 17%, a move expected by 25 of 43 economists in a Bloomberg survey. The majority of the economists had forecast a hike ranging from 75-200 basis points

Current account deficit likely to narrow in 2023: RBI's January bulletin

The central bank cites IMF's calculations that have predicted India to be a $-5.4 trillion economy by 2027

Poll-bound Tripura, Nagaland, Meghalaya depend on Centre for development

In line with other states, inflation remains a worry in Tripura and Nagaland, though Meghalaya has controlled it a bit more efficiently

India's response to Covid ensured moderate inflation, high growth: Vaishnaw

The minister said India's economy has been resilient and the policy framework has been for a sustained growth with a very moderate inflation

High inflation causing tension between monetary and fiscal policy: Gopinath

On what needs to change, she said for the countries to manage such a difficult trade-off right, fiscal policy has to play a role

Step out of your homes against inflation, unemployment: Congress Prez

Kharge said Rahul Gandhi is standing against the hatred and appealed to the people to join his mega walkathon