Page 62 - Inflation

Global health cover comes as a lifesaver for high-flyers: Experts

But examine countries covered and claim settlement mode

What is the Black Sea grain deal; where does it stand after Russia's exit?

With Russia pulling out of the deal, it would become difficult for the grain shipments to leave Ukraine. However, 12 shipments left Ukraine's ports on Monday

India's gold demand declines as inflation depresses rural demand

Falling demand for gold imports could also help to narrow India's trade deficit and support the rupee

Inflation hits new record 10.7% in Europe, slowing economy: Report

Annual inflation reached 10.7 per cent in October, the European Union's statistics agency, Eurostat, reported on Monday

A healthy debate: The case for and against interest rate hike

Having raised policy rates to about 6 per cent, does India's Monetary Policy Committee need to do more? And, if so, is more front-loading warranted?

Inflation struck European firms seek most emergency funds since pandemic

Firms grappling with high inflation and soaring operating costs are seeking fresh short-term liquidity lines in an echo of the worst days of the 2020 coronavirus pandemic

Mideast, North Africa economies resilient, inflation to slow growth: IMF

The economies of Middle Eastern and North African countries were resilient this year, but double-digit inflation is expected to slow growth in 2023, the International Monetary Fund said on Monday. The IMF forecast GDP growth at 5per cent in 2022 for countries in the region. For oil-exporting nations, growth was projected at 5.2 per cent, mainly due to high oil prices and robust GDP growth in other countries, which offset the impact of high food prices. But the rate of growth is expected to slow in 2023, due in part to inflation driven by high food and commodity prices, the report said. And the outlook remained so dire for politically unstable Lebanon and war-scarred Syria that the IMF reported no economic projections for either. Higher energy prices sustained oil-producing nations, such as Saudi Arabia, where economic growth is expected to hit 7.6 per cent this year. Oil exporters are also benefitting from trade diversions caused by the war in Ukraine, as some European countries l

On high inflation, here is what RBI needs to tell govt: It is your fault

All the research since 1980 shows that loose fiscal policy causes inflation, and the RBI MPC needs to tell the govt just that

Upbeat mood in India decoupled from pessimism in rich countries

To combat the cost of living crisis, the central banks of most countries have raised interest rates and curbed excess money supply

Japan unveils $200 billion in new spending to ease inflation pain

Fiscal spending under the package will total 39 trillion yen ($260 billion), funded by an extra budget of 29.6 trillion yen ($201 billion)

High inflation a result of exogenous price shocks, says MPC member

The high inflation rate in the last three quarters is mainly a consequence of the 'exogenous' price shocks, and addressing the issue will require coordinated policy efforts, RBI Monetary Policy Committee (MPC) member Shashanka Bhide has said. Bhide further said the inflationary pressures are high and it certainly is a test for India's inflation targeting framework. "The high inflation rate in Q2 FY2022-23 follows high inflation in the previous two quarters. "High fuel and food prices and their spillover to other sectors have sustained the high inflation rate," he said in an email interview with PTI. The retail inflation based on CPI has remained above 6 per cent since January 2022, and it was 7.41 per cent in September. The MPC factors in retail inflation while deciding the RBI's bi-monthly monetary policy. "While this pattern is mainly a consequence of the exogenous price shocks, it is important to take measures to limit the spillover of the price shocks to the rest of the ...

RBI release suggests Nov MPC meet only to discuss inflation target failure

MPC may decide RBI's response to govt on the matter; Unlike earlier off-cycle meetings in which interest rate action was taken outside schedule without prior notice, this one was announced in advance

Crypto wrap: Markets rally on expectation of softer stance from US Fed

Bitcoin crossed the $ 20,000 mark, and Ethereum was above the $ 1,500 mark for the first time since it concluded "Merge" in September

Japan to okay $490 billion in stimulus to cushion impact of inflation

Japanese Prime Minister Fumio Kishida's government was to approve on Friday a hefty economic package that will include government funding of about 29 trillion yen (USD 200 billion) to soften the burden of costs from rising utility rates and food prices. Formal party and Cabinet approval was expected later in the day after a morning economic policy meeting. Kishida was set to give a news conference in the evening. Inflation has been rising in Japan along with globally surging prices. A weakening of the yen against the dollar has amplified costs for imports. The stimulus package includes subsidies for households that are largely seen as an attempt by Kishida to lift his plunging popularity. His government has been rocked by the ruling Liberal Democratic Party's close ties to the South Korean-based Unification church, which surfaced after the assassination of former leader Shinzo Abe in July. We will make sure to deliver the measures to everyone and do our utmost so that people can fe

ECB raises interest rates by 75 basis points to fight record inflation

With this, it has increased policy rate by 1.5 per cent, the highest in a decade

US economy rebounds as businesses and consumers show resilience

Records first increase this year at 2.6%, following two quarterly contractions

Future sentiment score hints a decline in housing market momentum in Q4

The Current sentiment score has declined marginally from 62 in the second quarter of 2022 to 61 in the third quarter of 2022.

Listed firms managing liquidity challenges well, says India Ratings

Given the tightening liquidity conditions and higher cost of borrowings, corporates with a weak credit profile are likely to tap a loan against shares facility to meet their funding requirements

Centre may sell surplus wheat in small tranches to control atta prices

Flour millers have reportedly told the government that they have stocks for one to two months only

Energy prices to fall 11% in 2023 as economies slow down: World Bank study

Currency depreciation in developing countries could deepen food and energy inflation: Commodity Markets Outlook report