Page 71 - Inflation

Indians optimistic on growth outlook amid high inflation: EY study

They are shifting to new brands in search for value, says multi-nation survey

Morgan Stanley revises rate call on RBI to 50 bps on sticky inflation

In the RBI's monthly bulletin released late Friday, the central bank said it will have to front-load its monetary policy to fight high inflation and shield medium-term growth.

Stagflation-free Asia leaving taper tantrums behind as currencies fare well

The foreign-exchange stockpiles Asian economies built up have helped cushion the impact of this year's market turmoil, which has spurred the largest equity outflows for at least a decade.

BSE Mid-cap indices snap 12-week winning streak since August 2020

In the aftermath of the pandemic, the BSE MidCap Index had risen for 14 consecutive weeks, clocking 29% gain

Firms starting to pass on rising costs amid pick-up in demand: RBI study

Report says the gap between output and input prices widened during the pandemic, particularly after the first Covid-19 wave

Former RBI Governor Rangarajan bats for maintaining hawkish stance on rates

Former RBI Governor C Rangarajan advocated maintaining the ongoing hawkish stance by the Reserve Bank of India to tame inflation and expected that the rupee will strengthen with resumption of capital inflow. He also said the country has to clock an 8-9 per cent year-on-year growth for the next five years to achieve the target of a USD 5-trillion economy. Speaking at the Samar Kanti Paul Memorial Lecture at the Ramkrishna Mission Institute of Culture on Saturday evening, the former RBI governor said he would be happy if the country's economic growth reaches seven per cent in the current fiscal. "The current policy stance should continue. Developed countries are also taking steep rate hikes. I expect more rate hikes," Rangarajan said without elaborating on the quantum. RBI has been maintaining a hawkish stance with rate hikes to tame inflation. Speaking on the rupee trend, the 90-year-old economist said, there was a sharp fall in rupee value against the US Dollar to Rs 79-80 with th

Global stocks, Wall Street futures lower amid inflation pressure

Global stocks and Wall Street futures fell on Friday after higher-than-expected US inflation dashed hopes the Federal Reserve might back off plans for more interest rate hikes. London and Frankfurt opened lower. Shanghai, Tokyo and Hong Kong retreated. Oil prices declined. Wall Street's benchmark S and P 500 index lost 1.1 per cent on Thursday, adding to declines after August inflation stayed near a four-decade high despite four interest rate hikes this year to slow the economy. On Thursday, US government data showed unemployment claims last week declined while August consumer sales rose. That gives ammunition to Federal Reserve officials who say the economy can tolerate more rate hikes. Wall Street's decline indicates no sign of relief for risk sentiments while the job market data provided the go-ahead for further tightening in monetary policy, Yeap Jun Rong of IG said in a report. In early trading, the FTSE 100 in London lost 0.3 per cent to 7,262.67 and the DAX in Frankfurt she

Indonesia's fuel price hike affects tourism sector after rising inflation

Indonesia's inflation at the end of August reached 4.6% year on year, slightly lower than the previous month's 4.9%, and both figures exceeded the central bank's target range from around 2 to 4%

Crypto wrap: 'Merge' in focus, inflation figures still key, say experts

Bitcoin, the largest crypto token by market capitalisation, was trading at $21,750 on Friday. On Monday, it had briefly hit the $25,000 mark

Biden talks about inflation, Russia-Ukraine war in '60 Minutes' interview

President Joe Biden sat down this week for his first interview of his presidency with the news magazine show 60 Minutes. CBS said on Thursday that Biden gave the interview to correspondent Scott Pelley while visiting Detroit on Wednesday, and that the two-part interview will air Sunday as part of the premiere of the program's 55th season. Biden discussed inflation, Russia's war on Ukraine, U.S.-China tensions, the midterm elections and more, according to CBS. The network plans to air a preview on Friday of Pelly's interview on CBS Mornings. Biden has done fewer television interviews and press conferences than his recent White House predecessors in the early going of his presidency.

World Bank sees rising risk of global recession in 2023 amid rate hikes

Synchronised interest rate hikes under way globally are likely to continue well into 2023, but might not be sufficient to bring inflation back down to levels seen before the pandemic, the bank said

Bharat Jodo Yatra started to break govt's silence on inflation: Congress

The Congress on Thursday attacked the Centre over the wholesale price-based inflation remaining in double digits for 17 months, and said the Bharat Jodo Yatra has been started to break the government's silence on inflation. The wholesale price-based inflation eased to a 11-month low of 12.41 per cent in August, on softening in prices of manufactured and fuel products, even as food items remained expensive. Although the Wholesale Price Index (WPI)-based inflation declined for three consecutive months in August, it remained in double digit for 17 months beginning April last year. The inflation was 13.93 per cent in July and 11.64 per cent in August last year. "Why is the Modi government silent on back-breaking inflation?" Congress general secretary Jairam Ramesh said in a tweet in Hindi. "Bharat Jodo Yatra has been started to break this silence," he said and shared a media report on the wholesale price-based inflation being in double digits for 17 months. After traversing a total 15

Rupee slides as US CPI data stokes speculation of 100 bps Fed hike

Higher US interest rates typically leads to a stronger dollar and reduces the appeal of emerging market assets for global investors

WPI-based inflation softens to 11-month low at 12.41% in August

However, this is the 17th consecutive month since April 2021 that the factory-gate inflation has remained in the double digit, primarily driven by rising energy and food prices

TCS becomes India's most valuable brand in 2022, says Kantar BrandZ report

TCS replaces HDFC Bank, which held the number one spot since 2014

Further correction in IT stocks not ruled out amid multiple headwinds

The IT industry is seen as a hedge against rupee depreciation

'Inflation has peaked' narrative premature, impact to stay: Crypto experts

Bitcoin, the largest cryptocurrency by market cap, has fallen nearly 10 per cent since the Fed announcement of the inflation figures and was trading at $20,367.16 on Wednesday

Inflation in Germany soars to record level of 7.9% in August: Authorities

Government measures such as a cheap 9-euro ticket for public transport and a fuel discount had a "slight downward effect on overall inflation"

IMF looks at ways to help countries affected by global food shock

About 50 nations meet the criteria, with 20 to 30 being in need "immediately," Georgieva said

Amid high inflation, surge in services demand helps steady India's economy

The indicators showed sentiment in the services sector -- which accounts for over 50% of the $3.2 trillion economy -- was upbeat, tax revenue were robust and demand for loans high.