Page 3 - Latest Updates on Inflation
Central banks have the last laugh: Inflation tamed without a recession
The Fed commenced tightening from mid-March 2022, with a 25 basis points (bps) increase in the policy rate. By June 2022, the policy rate in the US had jumped by 150 bps
 "Central banks have the last laugh: Inflation tamed without a recession")
Urban demand situation may affect firms' capex plans: Icra MD & Group CEO
The volatility in inflation still remains substantial and interest rates are not expected to come down, weighing on private capex
 "Urban demand situation may affect firms' capex plans: Icra MD & Group CEO")
Inflation fails to dim Diwali spirit as brands curate affordable hampers
Consumers have been indulging in festive snacking and gifting for Diwali, encouraged by companies offering affordable gift packs and food hampers despite inflation concerns
 "Inflation fails to dim Diwali spirit as brands curate affordable hampers")
Strong demand for premium products persists despite inflation pressures
Amid shifting retail dynamics driven by India's quick commerce boom, premium products are moving off shelves faster across all channels
 "Strong demand for premium products persists despite inflation pressures")
Inflation debate: Current target holds merit, but 4% midpoint needs teeth
In inflation-averse Indian polity, people complain about high inflation and high prices all the time. Thus, there may also be handsome electoral dividends from low inflation
 "Inflation debate: Current target holds merit, but 4% midpoint needs teeth")
Urban demand stress under watch, festivals may boost consumption: FinMin
H1FY25 growth driven by rural demand, agriculture, services, and stable external sector
 "Urban demand stress under watch, festivals may boost consumption: FinMin")
Inflation to moderate from 4th quarter but global conflicts pose risks: Das
Balance between inflation & growth is well-poised, the Indian economy reflects a picture of stability and strength, said Shaktikanta Das
 "Inflation to moderate from 4th quarter but global conflicts pose risks: Das")
Inequality, inflation 'structurally corrosive' to growth prospects: Cong
Ramesh shared an article by a noted public finance economist and said it revealed issues that were a further cause for concern
 "Inequality, inflation 'structurally corrosive' to growth prospects: Cong")
Core inflation in Japan's capital slips below BOJ's target in October
BOJ Governor Kazuo Ueda has said the bank will keep raising rates if inflation remains on track to stably hit 2 per cent as it projects
 "Core inflation in Japan's capital slips below BOJ's target in October")
Can't risk another bout of inflation, need cautious approach: RBI minutes
The MPC, which consists of three Reserve Bank of India (RBI) and three external members, had kept the repo rate unchanged at 6.50 per cent for a tenth straight policy meeting
 "Can't risk another bout of inflation, need cautious approach: RBI minutes")
Global fight against high inflation is 'almost won': IMF chief economist
In its latest assessment of the global economy, the IMF predicted that worldwide inflation will cool from 6.7 per cent last year to 5.8 per cent this year and to 4.3 per cent in 2025
 "Global fight against high inflation is 'almost won': IMF chief economist")
Everyone wants to do business with India due to strong fundamentals: Goyal
He said that inflation is under control, foreign exchange reserves crossed $ 700 billion and the country is recording healthy economic growth rates
 "Everyone wants to do business with India due to strong fundamentals: Goyal")
ECB set for second straight rate cut as euro zone economy stagnates
A quarter-point cut on Thursday would lower the rate that the ECB pays on banks' deposits to 3.25 per cent and money markets almost fully price in three further reductions through next March
British inflation sends pound below $1.30, dollar firm on Fed outlook
The pound dropped to as low as $1.2984, dipping under the $1.30 level for the first time since Aug. 20, after data showing the rate of annual consumer price inflation dropped to 1.7 per cent in Sep
 "British inflation sends pound below $1.30, dollar firm on Fed outlook")
Inflation may align with target in FY26: RBI Deputy Governor Patra
Patra says climate, tech risks seen as a threat to inflation-targeting
 "Inflation may align with target in FY26: RBI Deputy Governor Patra")
Retail inflation projected to average 4.5% in 2024-25: RBI DG Patra
The government has tasked the Reserve Bank of India to ensure that consumer price index (CPI) based retail inflation at 4 per cent with a tolerance band of +/- 2 per cent around it
RBI policy of not allowing crypto is a good approach: Amiyatosh Purnanandam
He said that the government needs to incentivize good long term risk taking by banks to push private investments
 "RBI policy of not allowing crypto is a good approach: Amiyatosh Purnanandam")
Corporate earnings, inflation data key factors to drive markets: Analysts
Moreover, markets would also focus on movement in crude oil prices amid geopolitical tensions, experts added
 "Corporate earnings, inflation data key factors to drive markets: Analysts")
Retail inflation in September likely overshot RBI's 4% target: Poll
Food items, especially vegetables and other perishables, which make up a significant share of overall household spending in the country, saw an uptick in prices
 "Retail inflation in September likely overshot RBI's 4% target: Poll")
RBI's shift to neutral stance suggests rate cut likely in December
Uncertainty remains elevated on a number of fronts, not least on the path for food inflation and external tensions
 "RBI's shift to neutral stance suggests rate cut likely in December")
