Page 54 - Inflation

Opportunities and choices in the Budget

Fiscal consolidation is needed if India is to seek sustainable private sector-led growth

Dollar falls as European inflation cools and China lifts the Aussie

A series of separate reports showed business-sector activity across the euro zone held up better than expected in December, despite intense pressure from soaring energy prices

Turkey's annual inflation fell to 64.27% in Dec 2022 due to base effect

Turkey's annual inflation fell sharply to 64.27 per cent in December 2022 due to a base effect, official data has revealed

High portfolio yields to make debt funds an attractive option in 2023

Investors could also get the benefit of capital gains this year

Year 2023: The beginning of the 'new normal' for the global economy

The year 2022 would also be known as one that made the transition from very low to high inflation

Israel's central bank raises interest rate to 3.75%, highest since 2008

This is the seventh consecutive rise in the base interest rate in Israel since April 2022 when the figure then stood at 0.1 per cent, reports Xinhua news agency

What is a living wage?

Inflation has hit the poor most. It is one of the reasons why the government is now mulling 'living wage' over the existing 'minimum wage'. Living wage is indexed to inflation. Here's more about it

Indian economy poised for further growth despite global headwinds: Analysts

The Indian economy recovered from the COVID-induced downturn during 2022 and is poised for further improvement in the coming quarters though downside risks emanating from geopolitical tensions, strengthening dollar and elevated inflation will continue. The positive trajectory in the growth trend and improved fundamentals will help the nation in neutralising the impact of global headwinds which are expected to have a bearing on the country's exports in the months to come. The challenges before the government and the Reserve Bank in the new year would be to arrest inflation, check declining value of rupee against US dollar and promote private investment and growth, with a view to ensure that the country remains one the fastest growing major economies of the world. India recorded a growth of 9.7 per cent in the first half of 2022-23 (April-September), as against 5.6 per cent in Indonesia, 3.4 per cent in the UK, 3.3 per cent in Mexico, 3.2 per cent in the Euro area, 2.5 per cent in ...

Interest rates to be reduced in 2023: Sri Lanka's central bank chief

He said that Sri Lanka's inflation rate eased to 57.2 per cent in December from 61 per cent in November, noting that this reflected that the policies they have taken from April 2022 were successful

Inflation kept MPC occupied in 2022, but may not hurt growth for now

Economists and businesses await to see what will be committee's stance in 2023

Retail inflation for industrial workers eases to 5.41% in November

Retail inflation for industrial workers eased to 5.41 per cent in November compared to 6.08 per cent in October this year mainly due lower prices of certain food items. "Year-on-year inflation for the month stood at 5.41 per cent compared to 6.08 per cent for the previous month (October 2022) and 4.84 per cent during the corresponding month (November 2021) a year before," a Labour Bureau statement said. Food inflation stood at 4.30 per cent in November 2022 against 6.52 per cent of the previous month (October 2022) and 3.40 per cent during the corresponding month (November 2021) a year ago. The All-India CPI-IW (Consumer Price Index-Industrial Workers for November, 2022 remained stationary at 132.5 points compared to October 2022. The maximum upward pressure in current index came from Miscellaneous group contributing 0.21 percentage points to the total change. At item level, wheat, wheat atta, buffalo milk, cow milk, dairy milk, eggs hen, sunflower oil, onion, chillies dry, cooked

Sensex up 4.4% in 2022; ends last trading day 293 pts lower at 60,841

CLOSING BELL: The NSE Nifty 50 declined 86 points to 18,105, and was up 4.3 per cent for the year 2022. Broader indices - the BSE Midcap and Smallcap outperformed in trades on Friday.

2022: When high prices ate into rural earnings more than in urban areas

War, weather and excess liquidity impacted Bharat, though year-end saw things looking up a bit

Rupee likely to leave its worst behind; inflows crucial in 2023: Analysts

India's current account deficit widened to a more than nine-year high in the July-September quarter on the back of high commodity prices, which pushed up the trade deficit, data from RBI showed

India's battle against inflation to continue amid global uncertainties

After remaining above the Reserve Bank's comfort level of 6 per cent for most part of this year, retail inflation is slowly easing, and efforts are likely to continue to further reduce it in the coming months amid global uncertainties. High prices of crude and edible oils, pulses and vegetables were among the main factors behind the high inflation during the year. This trend came against the backdrop of the Russia-Ukraine conflict that started in February and disrupted the global supply chain and pushed higher prices of many commodities. Since May, the Reserve Bank of India (RBI) has hiked the short-term lending rate (repo) by 2.25 percentage points, taking it to a nearly three-year high of 6.25 per cent. The Consumer Price Index (CPI) based retail inflation crossed the RBI's comfort level of 6 per cent in January itself and thereafter it remained elevated for nine months before slipping to 5.88 per cent in October. An RBI paper on 'Anatomy of Inflation's Ascent in India' said, "Th

Indian economy resilient amid global shocks: RBI Governor Shaktikanta Das

Inflation is forecast to rise to 8.8 per cent in 2022, with both headline and core inflation staying well above targets in AEs and EMDEs, the report noted

Monetary policy making: 2022 was year of reset, 2023 could be a long pause

25 bps raise likely in Feb, before RBI hits status quo button, feel experts

Sensex, Nifty end flat; Broader market outperforms, Titan gains 3%

CLOSING BELL: Auto majors - Maruti and Mahindra & Mahindra were the other prominent gainers among the Sensex 30, while Bharti Airtel and Tata Steel declined around a per cent each

Brazil's financial market lowers the inflation ceiling forecast for 2022

Brazil's financial market cut the inflation forecast for 2022 from 5.76 per cent to 5.64 per cent, the Central Bank of Brazil.

Holiday sales up 7.6% as US spending remained resilient amid inflation

Holiday sales rose this as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure. Holiday sales rose 7.6, a slower pace than the 8.5% increase from a year earlier when shoppers began spending the money they had saved during the early part of the pandemic, according to Mastercard SpendingPulse, which tracks all kinds of payments including cash and debit cards. Mastercard SpendingPulse had expected a 7.1% increase. The data released Monday excludes the automotive industry and is not adjusted for inflation, which has eased somewhat but remains painfully high. U.S. sales between Nov. 1 and Dec. 24, a period that is critical for retailers, were fuelled by spending at restaurants and on clothing. By category, clothing rose 4.4%, while jewellery and electronics dipped roughly 5%. Online sales jumped 10.6% from a year ago and in-person spending rose 6.8%. Department stores registered a mod