Page 12 - Latest Updates on Inflation
World economy has growing chance of pulling off soft landing: G20
The statement reflects a relatively upbeat view of a global economy that's struggled in recent years to overcome the impact of the pandemic, soaring inflation and a sharp increase in interest rates
 "World economy has growing chance of pulling off soft landing: G20")
Indian economy still growing below its potential, says Jayanth R Varma
Varma says if the economy is not overheating, there is no need of a high real interest rate, which can choke growth
 "Indian economy still growing below its potential, says Jayanth R Varma")
RBI MPC minutes: Caution stays in last leg of fight against inflation
Patra said it was only when the inflation rate subsided and stayed close to the target lastingly that policy restraint could be eased
 "RBI MPC minutes: Caution stays in last leg of fight against inflation")
Premature move on monetary policy could hurt inflation efforts: RBI Guv
He stressed that the MPC must remain committed to successfully navigate the "last mile" of disinflation that can be sticky
 "Premature move on monetary policy could hurt inflation efforts: RBI Guv")
BOJ Governor Kazuo Ueda keeps upbeat view on inflation, wage outlook
He added that Japan was in a "state of inflation," rather than deflation, and is likely to see prices keep rising
 "BOJ Governor Kazuo Ueda keeps upbeat view on inflation, wage outlook")
Higher sales tax drives Sri Lanka inflation to 6.5% in January, shows data
The National Consumer Price Index (NCPI) captures broad retail price inflation and is released with a lag of 21 days every month
 "Higher sales tax drives Sri Lanka inflation to 6.5% in January, shows data")
Canada's rate of inflation slows, boosts bets on early interest rate cut
The January inflation figure "will certainly raise the odds on an April rate cut," said Karl Schamotta, chief market strategist at Corpay
 "Canada's rate of inflation slows, boosts bets on early interest rate cut")
Retail inflation for farm, rural workers eases marginally in January
In December 2023, Consumer Price Index-Agricultural Labourers (CPI-AL) and Consumer Price Index-Rural Labourers (CPI-RL) was 7.71 per cent and 7.46 per cent, respectively
 "Retail inflation for farm, rural workers eases marginally in January")
Recurring food price shocks pose challenges in tackling inflation: Das
RBI Guv Das stressed that stable and low inflation will provide the necessary bedrock for sustainable economic growth
 "Recurring food price shocks pose challenges in tackling inflation: Das")
Moderation in food prices cools WPI to 3 month low of 0.27% in Jan
This is the third consecutive month that the wholesale inflation rate had remained in the positive territory after it had recorded deflation for the major part of the financial year 2024
 "Moderation in food prices cools WPI to 3 month low of 0.27% in Jan")
Government bonds, rupee weaken post higher than expected US inflation data
Now that rate cut expectation in the US is getting postponed. The market's expectation for the Reserve Bank of India (RBI) to ease its liquidity stance is also experiencing delays
 "Government bonds, rupee weaken post higher than expected US inflation data")
US inflation slows, but price pressures are easing only gradually
Tuesday's report from the Labour Department showed that the consumer price index rose 0.3 per cent from December to January, up from a 0.2 per cent increase the previous month
 "US inflation slows, but price pressures are easing only gradually")
Price rise in majority of states and UTs lower than 5.1%, shows data
A total of 12 out of 23 states and UTs recorded inflation lower than the all-India figure of 5.1 per cent
 "Price rise in majority of states and UTs lower than 5.1%, shows data")
ECB needs to start cutting interest rates soon, says Fabio Panetta
"Macroeconomic conditions suggest that disinflation is at an advanced stage, and progress toward the 2% target continues to be rapid," he said on Saturday at the annual Assiom Forex event in Genoa
 "ECB needs to start cutting interest rates soon, says Fabio Panetta")
RBI MPC: Repo rate kept at 6.5%; Q4FY24 inflation forecast lowered to 5%
RBI policy meet: The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged
 "RBI MPC: Repo rate kept at 6.5%; Q4FY24 inflation forecast lowered to 5%")
RBI MPC today: When, where to watch address of Guv Das and what to expect
RBI monetary policy time: The MPC decision will be announced by Shaktikanta Das at 10 am on Thursday
 "RBI MPC today: When, where to watch address of Guv Das and what to expect")
Inflation within tolerance, taking steps to check price rise: FM Sitharaman
India's retail inflation has declined from an average of 6.8 per cent in April-December 2022 to 5.5 per cent in the corresponding period of 2023
 "Inflation within tolerance, taking steps to check price rise: FM Sitharaman")
Too soon to declare victory over inflation: OECD tells central banks
Global economic growth is proving more resilient and inflation in the US and Europe is easing faster than the organization expected in its November outlook
 "Too soon to declare victory over inflation: OECD tells central banks")
Retail inflation for industrial workers eases marginally to 4.91% in Dec
The All-India Consumer Price Index for Industrial Workers (CPI-IW) for December 2023 decreased by 0.3 points and stood at 138.8 points. It was 139.1 in November last year
 "Retail inflation for industrial workers eases marginally to 4.91% in Dec")
Likely surge in prices due to Red Sea attacks, says finance ministry report
Geopolitics may weigh on 'remarkable' export show
 "Likely surge in prices due to Red Sea attacks, says finance ministry report")
