Page 2 - Latest Updates on Inflation
S&P Global cuts India's FY26 GDP growth forecast to 6.7% from 6.9%
Raises inflation projection for FY25 to 4.6%
 "S&P Global cuts India's FY26 GDP growth forecast to 6.7% from 6.9%")
Govt expects food inflation to slow in coming months on bumper crop harvest
A favorable monsoon, adequate reservoir levels and higher minimum support prices are likely to boost winter crop sowing and production
 "Govt expects food inflation to slow in coming months on bumper crop harvest")
Trump's promises on growth, inflation might derail due to $36 trn debt
It's clear the current amount of debt is putting upward pressure on interest rates, including mortgage rates for instance," said an expert
 "Trump's promises on growth, inflation might derail due to $36 trn debt")
Statsguru: Can pricier loans tame food prices in India? Debate heats up
Agricultural output and food prices in India were significantly affected in 2022-23 and 2023-24, mainly due to unpredictable monsoons and the effects of climate change
 "Statsguru: Can pricier loans tame food prices in India? Debate heats up")
Nov Flash PMI: Charge inflation hits 12-year high, but biz confidence rises
HSBC Flash November PMI: Composite output index rises to 59.5, up from October's final reading of 59.1. Manufacturing PMI dips to 60.2, services PMI rises to 59.2
 "Nov Flash PMI: Charge inflation hits 12-year high, but biz confidence rises")
Early signs of second-order effects: RBI cannot ignore price pressures
It is worth highlighting that even if the headline or food inflation rate comes down, it will only reduce the pace of price increase and consumers will continue to pay comparatively high prices
 "Early signs of second-order effects: RBI cannot ignore price pressures")
Macroeconomic stability a joint effort, says RBI Governor Shaktikanta Das
Stable inflation is foundation for sustained growth, says Das
 "Macroeconomic stability a joint effort, says RBI Governor Shaktikanta Das")
No evidence of exchange rate policy hurting exports: RBI report
Rupee depreciated by 7.8 per cent during FY23 and by 1.4 per cent in FY24. And so far in FY25, it has depreciated by 1.5 per cent
 "No evidence of exchange rate policy hurting exports: RBI report")
Unchecked inflation can hurt real economy prospects, says RBI report
Inflation pressure, if unchecked, could undermine prospects of real economy
Inflation other than in food sector is not a challenge: Ajay Seth
Economic affairs secy refuses to comment on rate cut, saying 'that's a monetary policy action'
 "Inflation other than in food sector is not a challenge: Ajay Seth")
UK inflation rises by 2.3% in October, again more than BOE's expectation
The increase was the biggest month-to-month rise in the annual CPI rate since October 2022
 "UK inflation rises by 2.3% in October, again more than BOE's expectation")
HUL, Asian Paints: Consumption-related stocks take a hit as inflation bites
Higher inflation and lower purchasing by consumers, it seems, has taken a bite out of consumption-related stocks at the bourses, with most counters losing ground in the last few months
 "HUL, Asian Paints: Consumption-related stocks take a hit as inflation bites")
ECB members divided on risk of excessively weak inflation, show accounts
The ECB cut rates for the third time this year in October and made clear that further easing is coming given a weak economy and diminishing price pressures
 "ECB members divided on risk of excessively weak inflation, show accounts")
Economists say MPC's rate cut in February may not be a done deal
Inflation hit a 14-mth high of 6.2% in Oct, breaching MPC's upper tolerance band
 "Economists say MPC's rate cut in February may not be a done deal")
US Oct retail inflation modestly up, may result in fewer interest rate cuts
The consumer price index rose 0.2% for the fourth straight month, the Labor Department said on Wednesday. In the 12 months through October
 "US Oct retail inflation modestly up, may result in fewer interest rate cuts")
RBI inflation target credible as expanding supply will curb pressure: S&P
India's retail inflation soared to a 14-month high of 6.21 per cent in October --above the RBI's tolerance band, mainly on account of rising food prices. It was 5.49 per cent in September
Oct retail inflation rises to 14-month high of 6.2%; IIP picked up in Sep
Retail inflation breaches RBI's 6% threshold
 "Oct retail inflation rises to 14-month high of 6.2%; IIP picked up in Sep")
COP29: UN climate chief calls for urgent action to counter economic fallout
Stiell, the executive secretary of the United Nations Convention on Climate Change (UNFCCC), also criticised the tendency to sideline climate action in national policies
 "COP29: UN climate chief calls for urgent action to counter economic fallout")
Bond yields flattish; inflation data cements delayed policy easing view
The benchmark 10-year bond yield ended at 6.7958%, compared with the previous close of 6.7874%
 "Bond yields flattish; inflation data cements delayed policy easing view")
BS BFSI Summit: Tracking food inflation as well as US Fed, say economists
BS BFSI Summit: While food inflation is a prominent factor in India's economic policy, global influences, particularly from the US Fed, cannot be overlooked, say economists at Business Standard summit
 "BS BFSI Summit: Tracking food inflation as well as US Fed, say economists")
