Page 57 - Inflation

Controlling high food inflation: The world is on a wing and a prayer

An IMF paper sheds light on the issue of persistently high global food inflation, and the prognosis is not comforting

24 hours of jumbo interest-rate hikes to cap year of soaring inflation

More than 50 central banks have gone for 75-bp increases, with over 275 rate hikes this year

BS Views of the week: Election outcomes, inflation, RBI rate hike, and more

Business Standard's opinion pages this week focused on election outcomes, inflation, RBI rate hikes, and much more

UK's cost-of-living pressures stir push for more free meals in schools

As the school bell rings, dozens of children begin filing into the canteen at Hillstone Primary School. The day's offering, a roast dinner, is a popular one, and many are eager to tuck into their plates of turkey slices, roasted potatoes, broccoli and gravy. For some children in this area of suburban Birmingham, central England, where many families are low income, it may be the only nutritious hot meal in a day. Some students eating sandwiches from their lunchboxes instead say they get one hot lunch a week, but they would like more. My mum says it costs a bit more, one girl said last week. Free school lunches are provided for all 4- to 7-year-olds in England, but most parents of older children have to pay about 2.20 pounds (USD 2.70) a day for their child to have a cooked meal. That may sound like a small amount, but charities and teachers say it's becoming increasingly unaffordable for hundreds of thousands of families struggling to cope with the United Kingdom's worst cost-of-livi

India inflation likely softened to nine-month low in November, shows poll

Inflation has stayed above the upper end of the Reserve Bank of India's 2%-6% tolerance band all year and this has triggered 225 basis points of interest rate rises to the repo rate so far

RBI policy: Here is why the central bank needs to stop raising rates

RBI, following conventional wisdom, is guilty of wanting to show that it's doing something to bring down inflation while perhaps helping worsen it by slowing down efforts to increase capacity, output

We've lowered size of policy rate change, RBI's Das and Patra tell media

Battle against inflation is far from over though the worst is behind us; moderation of inflation will be grudging and uneven, they say

RBI MPC: Here is what experts have to say about the policy announcement

Despite some signs of moderation, RBI Governor Shaktikanta Das said the main risk was that inflation would remain sticky and elevated

RBI MPC: How central bank's stance on GDP, inflation changed in 2022

The RBI MPC cut down the Gross Domestic Product (GDP) growth projection for FY23 from 7 per cent in the September announcement to 6.8 per cent

MPC ups inflation projection for Q3 and Q4, keeps it at 6.7% for full FY23

Panel cuts economic growth forecast by 20 bps to 6.8% for the year; Q3 lowered by 20 bps and Q4 by 40 bps

RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8%

RBI governor Shaktikanta Das emphasises concerns on core inflation, says overall price momentum high

Are the markets fully pricing in recession fears?

Business Standard's Puneet Wadhwa spoke to Jitendra Gohil, Director, Global Investment Management, Wealth Management, India at Credit Suisse on how the markets may play out over the next few months

RBI set to raise rates today; outlook on growth, inflation in focus

The RBI's outlook, which will accompany the rates decision, will be an important pointer to future policy moves, said economists

Border situation with China, inflation to dominate Winter Session

The border situation with China, the alleged misuse of government agencies, price rise and unemployment will dominate the proceedings of the winter session of Parliament starting Wednesday. The results of the assembly elections in Gujarat and Himachal Pradesh are also likely to play out during the start of the session. The session begins on December 7, a day before the results of assembly polls are out. The Opposition will seek to corner the government on several issues and a confrontation is likely on the demand for discussions on Chinese "incursions" at the border and alleged misuse of agencies. Rahul Gandhi and several senior Congress leaders who are walking in the Bharat Jodo Yatra are unlikely to attend the session. Ahead of the session, leaders from more than 30 parties attended a meeting convened by the central government to discuss the legislative agenda and the issues likely to be taken up during the Winter Session of Parliament. The meeting, chaired by Union minister and

Global central banks extend rate hike push in Nov as inflation soars

The latest moves have brought total rate hikes in 2022 from G10 central banks to 2,400 bps

Aiming Rs 3,000 cr top line in FY23 amid looming inflation: ThyssenKrupp

Capital goods and engineering major thyssenkrupp Industries India on Sunday said demand in core sectors will remain robust amid inflationary headwinds in the next 2-3 years. At the same time, the company also urged the government to consider extending production-linked incentives (PLI) scheme to basic industries to boost output and employment in the country. The national infrastructure policy will help the country achieve an economic output of USD 5 trillion by 2025 despite the complex global environment, a senior company official said. "Despite the complex global environment, we are optimistic about India's growth given the government's strong focus on infrastructure and a positive business environment. We are confident of achieving 15-20 per cent year-on-year growth in the next 2-3 years on the back of a strong order book," thyssenkrupp Industries Managing Director and CEO Vivek Bhatia told PTI in an interview, "We expect to end the year with a turnover of around Rs 3,000 crore i

RBI monetary policy: Pace of tightening set to slow

Our financial system needs more time for the broad-based transmission of the past concentrated increases in the repo rate (190 basis points in just four months)

Crypto wrap: Positive commentary from Jerome Powell keeps market stable

In the last 7 days, Bitcoin (BTC) rose over 3 per cent and was trading at $16,970 on Friday. Ethereum (ETH) was up nearly 9 per cent and was trading at $1,280

Rupee premiums close to bottoming, RBI key moving part, says report

The 1-year rupee overnight index swaps declined about 30 bps in November, helped by a better inflation outlook domestically

ECB Prez Lagarde leads a chorus warning that inflation has to be anchored

Policymakers cautioned that hopes for a quick cooling in inflation pressures next year may prove premature