Page 80 - Inflation

The global economy is 'past peak inflation', says Tesla CEO Elon Musk

"The trend is down, which suggests we are past peak inflation," Musk said at Tesla's Austin headquarters and factory

Former Puducherry CM, Congress cadres detained protesting inflation

Agitators said the imposition of GST on rice, milk and curd, the adoption of Agnipath military recruitment scheme and also lack of 'practical policies to guarantee employment' were highly condemnable

Loan EMIs to rise as RBI increases repo rate by 50 bps to curb inflation

Several banks have already raised their borrowing rates and some will again increase their rates after this hike by the central bank.

World stock markets mixed ahead of US jobs data; Fed weighs rate hike

Global stock markets and Wall Street futures were mixed Friday ahead of an update on the U.S. jobs market while the Federal Reserve weighs whether more rate hikes are needed to cool surging inflation. London, Paris and Frankfurt were lower while Shanghai and Tokyo advanced. Oil prices fell back. Investors were looking ahead to monthly U.S. employment numbers for possible signs of weakness that might prompt the Fed to decide it needs to ease off on rate hikes to cool inflation. Other data suggest the economy is slowing, which should reduce pressure for prices to rise. Consensus is looking for a softening in the labor market for July, said Stephen Innes of SPI Asset Management in a report. In early trading, the FTSE 100 in London lost 0.1% to 7,437.48 and the DAX in Frankfurt was little-changed at 13,660.80. The CAC 40 in Paris lost 0.5% to 6,483.56. On Wall Street, the future for the benchmark S&P 500 index slipped less than 0.1% while that for the Dow Jones Industrial Average was

Italy unveils 17-bn-euro aid package to combat inflation, drought

Italian Prime Minister Mario Draghi announced an aid package worth an estimated 17 billion euros to combat surging inflation and drought

RBI Monetary Policy 2022: RBI MPC, Key points, changes, Repo Rate history

RBI surges repo rate by 50 bps to 5.4%; 10-year-old bond yields up by 10 bps to 7.25%. Here are all the key points and changes in RBI MPC in August 2022 you need to know.

MPC rate hikes likely to continue till CPI inflation recedes below 6%

Another rate hike predicted for September 2022, even if the quantum is as small as 10 bps

The case for rate hikes heading for contested territory as recession looms

A parade of Federal Reserve officials in recent days has sought to emphasize this message - though a slump isn't their forecast

Britannia Industries to continue raising prices in Q2 amid high inflation

Between the April-June and July-September quarters of FY23, the biscuit major will take a price hike between 6 per cent and 7 per cent

What to expect from the RBI's upcoming monetary policy announcement?

In the last policy announcement on June 8, the Reserve Bank of India (RBI) announced a repo rate hike of 50 basis points to take the rate from 4.4 per cent to 4.90 per cent

Monetary policy: RBI likely to return interest rates to pre-pandemic levels

With Federal Reserve officials signaling a pause is out of the question until they see evidence of inflation easing, RBI watchers will be closely monitoring Governor Shaktikanta Das's remarks

India's services PMI at 4-month low of 55.5 in July amid high inflation

The domestic market remained the key source of sales growth as international demand for Indian services worsened further, the survey said

RBI MPC meeting begins amid expectations of 3rd consecutive rate hike

Headed by RBI Governor Shaktikanta Das, the Monetary Policy Committee (MPC) is scheduled to announce its decision on August 5.

OPEC+ to decide September oil output for world amid high inflation

They also will be considering what effects staggering inflation and rising COVID-19 rates may have on global demand for fuel in the fall, with gasoline prices at the pump still high.

Global central banks lift interest rates by nearly 1,200 bps in July

Central banks overseeing five of the 10 most heavily traded currencies delivered 325 basis points of rate hikes between them last month.

Slowdown bites industry in Haryana; demand down 80%, 95k lose jobs: Report

From Rohtak to Bahadurgarh and Sonipat to Panipat, production at industrial units badly hit, says a media report

Easing raw material costs promising for Indian consumer companies

While reporting a 4.5% fall in second-quarter profit and higher expenses, Nestle India said on July 28 it could see softening of prices in such commodities as edible oil and packaging materials.

Japan's services sector nearly stagnates in July amid rising inflation

Japan's services sector activity almost completely stagnated in July as rising inflation and growing economic uncertainty weighed on sentiment.

New Zealand employment market tight as wage inflation hits 14-year high

New Zealand's jobless rate held just above historic lows while wage inflation hit a 14-year high, raising prospect that the central bank might have to increase rates more aggressively than expected

UK already in recession as cost of living crisis hits household incomes

The UK economy is already in recession as the cost of living crisis has devastating consequences for household incomes, a leading think tank has concluded