Page 10 - Latest Updates on Inflation
Above-normal monsoon likely to ease food prices: Finance ministry
FinMin report says rupee expected to remain within comfortable range
 "Above-normal monsoon likely to ease food prices: Finance ministry")
Monsoon forecast bodes well, may ease inflation concerns, says report
India's food inflation, which accounts for nearly half of the overall consumer price basket, rose 8.52 per cent in March, compared with a 8.66 per cent rise in February
 "Monsoon forecast bodes well, may ease inflation concerns, says report")
Vegetable prices show mixed trends in Delhi despite heatwave rise
IMD warns heatwave to continue over east and peninsular India for next five days
 "Vegetable prices show mixed trends in Delhi despite heatwave rise")
Extreme weather conditions may pose risk to inflation, says RBI Bulletin
The retail based on the Consumer Price Index (CPI) has eased to 4.9 per cent in March after averaging 5.1 per cent in the preceding two months
 "Extreme weather conditions may pose risk to inflation, says RBI Bulletin")
US consumer sentiment declines in April, inflation expectations rise
The University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 77.9 this month, compared to a final reading of 79.4 in March
 "US consumer sentiment declines in April, inflation expectations rise")
Global woes spook mkts: Sensex sinks 793 pts, bonds weaken and rupee falls
Gold soars and FPIs sell Rs 8K cr equities
 "Global woes spook mkts: Sensex sinks 793 pts, bonds weaken and rupee falls")
Inflation down in key peers: Here's how some Brics countries fare
Among Brics countries, Brazil, China, and India have shown a decline compared to the previous month and Russia has seen an uptick
 "Inflation down in key peers: Here's how some Brics countries fare")
Retail inflation eases to 4.85% in March, IIP grows 5.7% in February
The government has tasked the Reserve Bank to ensure inflation remains at 4%, with a margin of 2 per cent on either side
 "Retail inflation eases to 4.85% in March, IIP grows 5.7% in February")
Moderate US producer price, cost of services soothes inflation concerns
High inflation and persistent labor market strength have prompted financial markets and most economists to push back expectations for an initial Fed interest rate cut to September from June
 "Moderate US producer price, cost of services soothes inflation concerns")
Lok Sabha polls: CSDS survey reveals unemployment a key issue for voters
The CSDS-Lokniti 2024 pre-poll survey showed that 62 per cent of respondents across various demographics perceived a greater difficulty in securing employment in the past five years
 "Lok Sabha polls: CSDS survey reveals unemployment a key issue for voters")
Inflation pushing households slowly into debt: Jairam Ramesh slams govt
Congress general secretary Jairam Ramesh also stressed that the Congress' 'Nyay Patra' is a direct response to the "failures" of the government and said "dus saal anyay kaal" ends on June 4
 "Inflation pushing households slowly into debt: Jairam Ramesh slams govt")
Global capability centres in India see hiring dip amid western disturbances
Experts said that the reasons behind this could be a reflection of the uncertainties and slow recovery in the West and global markets, and also inflation and geopolitical conflict
 "Global capability centres in India see hiring dip amid western disturbances")
US dollar drifts lower ahead of inflation data; yen nears 34-year lows
Japanese workers' real wages fell in February for a 23rd consecutive month, data showed on Monday, suggesting higher prices kept up pressure on consumers' spending appetite
 "US dollar drifts lower ahead of inflation data; yen nears 34-year lows")
JPMorgan's Dimon warns inflation, wars creating risks not seen since WWII
The bank has found 400 use cases for AI so far, Dimon said, particularly in the bank's marketing, fraud and risk departments
 "JPMorgan's Dimon warns inflation, wars creating risks not seen since WWII")
Inflation targeting framework is the focus: RBI governor Shaktikanta Das
The RBI projects CPI will be 4.5 per cent for the whole year, and growth will be 7%
 "Inflation targeting framework is the focus: RBI governor Shaktikanta Das")
RBI wants inflation elephant in the forest. Can pricier oil bring it back?
After witnessing sustained moderation, cost push pressures faced by firms, the RBI said, are showing upward bias
 "RBI wants inflation elephant in the forest. Can pricier oil bring it back?")
RBI lowers quarter-wise inflation forecast for FY25, holds key rate steady
Inflation 'elephant has left the room and it appears to be on its way to the forest,' says RBI governor Shaktikanta Das
 "RBI lowers quarter-wise inflation forecast for FY25, holds key rate steady")
Inflation declines in Europe again; here's what it means for interest rates
The bank meets April 11 but the first reduction in borrowing costs is not expected until June despite an economy that's failing to grow, several analysts said
 "Inflation declines in Europe again; here's what it means for interest rates")
Consumer sentiment of urban Indians dips to a 4-month low, shows data
Rural consumer sentiment is at its highest level thus far in 2024
 "Consumer sentiment of urban Indians dips to a 4-month low, shows data")
India's economic outlook for next fiscal positive, says finance ministry
The Monthly Economic Review also said that inclusion of Indian bonds in Bloomberg bond index from January 2025 should bolster inflows
 "India's economic outlook for next fiscal positive, says finance ministry")
