Page 6 - Latest Updates on Inflation
India's July inflation 'dipped' below RBI target, high base effect at play
Rising food costs, especially for vegetables, and hikes in telecom tariffs last month were offset by a higher base from July last year
 "India's July inflation 'dipped' below RBI target, high base effect at play")
RBI to hold rates, may sound confident of reaching inflation target: Report
While it's a close call, we also think the policy stance will remain unchanged, even as the RBI sounds more confident than before about getting to its 4 per cent inflation target, the report said
 "RBI to hold rates, may sound confident of reaching inflation target: Report")
July inflation dipped below RBI's target, high base effect at play: Poll
The Aug. 2-7 poll of 36 economists forecast the consumer price index rose at an annual rate of 3.65 per cent last month, down sharply from 5.08 per cent in June
 "July inflation dipped below RBI's target, high base effect at play: Poll")
DU's Miranda House college hikes hostel fee; says in line with inflation
The college administration has increased the hostel fee from Rs 27,090 to Rs 33,090 for odd semesters and from Rs 26,750 to Rs 32,750 for even semesters
 "DU's Miranda House college hikes hostel fee; says in line with inflation")
Services activity growth slows, yet remained solid in July: PMI data
Moreover, cost pressures remained elevated, pushing up selling-price inflation to a seven-year high in July, which also saw stronger job creation
 "Services activity growth slows, yet remained solid in July: PMI data")
From Dabur to Britannia, FMCG firms begin to see volumes growth revival
Companies expect the trend of rural outpacing urban to continue
 "From Dabur to Britannia, FMCG firms begin to see volumes growth revival")
Fed is about to nod at a interest rate cut as job growth moderates
US central bankers, who've kept interest rates at a more than two-decade high for a full year, are widely expected to leave them there again when their two-day meeting ends on Wednesday
 "Fed is about to nod at a interest rate cut as job growth moderates")
Excluding food from RBI's inflation framework may not have many takers
Headline numbers best communicated to common man; Govt needs to step up supply management
 "Excluding food from RBI's inflation framework may not have many takers")
US inflation rises moderately, consumer spending cools before Fed's meet
The personal consumption expenditures (PCE) price index nudged up 0.1% last month after being unchanged in May, the Commerce Department's Bureau of Economic Analysis reported
 "US inflation rises moderately, consumer spending cools before Fed's meet")
Russia's Central Bank raises key interest rate to 18% as inflation soars
The bank raised the rate by 200 basis points to 18.00%, noting that inflation has accelerated and is developing significantly above its forecast
 "Russia's Central Bank raises key interest rate to 18% as inflation soars")
Open to feedback on tax changes but... read FinMin latest remark on Budget
Union Finance Minister Nirmala Sitharaman's recent remark follows feedback from several experts and salaried individuals who feel that the Budget did not provide sufficient relief to the middle class
 "Open to feedback on tax changes but... read FinMin latest remark on Budget")
Govt prepares for Rs 10,000 crore war chest to fight food inflation
Within the whole inflation basket, food inflation has been stubbornly high
 "Govt prepares for Rs 10,000 crore war chest to fight food inflation")
Neutral rate raised on shift in potential output, says RBI bulletin
Estimate of 1.4-1.9% increase for Q4FY24 sparks debate about possible policy repo rate cut
 "Neutral rate raised on shift in potential output, says RBI bulletin")
Global shipping-market strain revives fear of inflation comeback again
The historic disruption of $25 trillion in global goods trade that culminated two years ago left the deep economic scars of inflation and paranoia about shortages
 "Global shipping-market strain revives fear of inflation comeback again")
Fruit inflation soars: Mangoes up 37%, other summer fruits also affected
Persistent heat and uneven monsoon distribution and a surge in demand have resulted in reduced production of fruits and higher prices
 "Fruit inflation soars: Mangoes up 37%, other summer fruits also affected")
Canada inflation cools more than expected to 2.7% ahead of rate decision
Tuesday's data showed that headline inflation was cooler than the Bank of Canada's 2.9 per cent inflation forecast for the end of the first half of 2024
 "Canada inflation cools more than expected to 2.7% ahead of rate decision")
Consumer price inflation seen up in June due to soaring vegetable prices
Prices of tomatoes, onions, and potatoes - staples in every Indian kitchen - surged by double digits last month as extreme heat, heavy floods in northern states disrupted agricultural production
 "Consumer price inflation seen up in June due to soaring vegetable prices")
Fed officials at last meeting saw price pressures in decline, minutes show
Data released on June 12 showed the CPI had not risen at all in May on a month-to-month basis
 "Fed officials at last meeting saw price pressures in decline, minutes show")
Inflation down in Europe, but ECB in no hurry to cut rates further: Report
But key indicators Tuesday remained at levels that suggest inflation may remain stuck between 2% and 3% for a while yet. Inflation in services prices ran at 4.1%, unchanged from the month before
 "Inflation down in Europe, but ECB in no hurry to cut rates further: Report")
At its lowest level in three years, German inflation eases to 2.5% in June
Economists pay close attention to German inflation data, as the euro zone's biggest economy publishes its figures before the euro zone inflation data release
 "At its lowest level in three years, German inflation eases to 2.5% in June")
