Page 16 - Latest Updates on Inflation
Bonds are looking attractive and set to beat cash, says Goldman Sachs
Goldman Sachs strategists see 10-year Treasury yields at around 4.6 per cent over the next 12 months, just below their current level after this week's sharp fall
 "Bonds are looking attractive and set to beat cash, says Goldman Sachs")
Low demand drags India's services PMI to seven-month low in October
The survey also mentioned that services companies in India reported an increase in their expenses in October due to higher food, fuel, and staff costs
 "Low demand drags India's services PMI to seven-month low in October")
Pakistan's October consumer inflation declines to 26.9%: Statistics Bureau
This brings the average inflation rate for the fiscal year (July-Oct) to 28.48%, against the target of 21% for the current fiscal year. Inflation has been in double digits since November 2021
 "Pakistan's October consumer inflation declines to 26.9%: Statistics Bureau")
Inflation in Europe region eased to 2.9% in October on lower fuel prices
But that encouraging news was balanced by official figures showing economic output in the 20 countries that use the euro shrank by 0.1% in the July-September quarter
 "Inflation in Europe region eased to 2.9% in October on lower fuel prices")
Never seen this kind of alignment in banks: KV Kamath at the BS BFSI Summit
Kamath said that he has 'no sympathies' for organisations complaining of not having enough people in a country like India
 "Never seen this kind of alignment in banks: KV Kamath at the BS BFSI Summit")
No policy for troubled times: Does inflation targeting really work?
On the evidence at hand, inflation targeting works only when the world economy is normal, and demand swings up and down in small cycles that monetary policy tackles, writes T N Ninan
 "No policy for troubled times: Does inflation targeting really work?")
Food insecurity shot up last year with inflation, end of Covid aid: Report
Analysts and food security professionals point to the dual impact last year of high inflation and the gradual expiration of multiple pandemic-era government assistance measures
 "Food insecurity shot up last year with inflation, end of Covid aid: Report")
Chhattisgarh reins in inflation at reasonable rates among poll-bound states
If the first six months of this financial year are taken into account, it was high inflation in Mizoram too though a bit less than the national average.
 "Chhattisgarh reins in inflation at reasonable rates among poll-bound states")
Demand, supply mismatch pushing up vegetable inflation frequently: CRISIL
A study by rating agency Crisil found that vegetable inflation has been the most volatile in the food category, in fact.
 "Demand, supply mismatch pushing up vegetable inflation frequently: CRISIL")
4% inflation focus may not signal 'higher for longer' rates: MPC members
"The focus, therefore, naturally shifts to the next stage of bringing the inflation to the target level," said Varma, adding that there is no ambiguity in the eventual inflation goal of 4%
 "4% inflation focus may not signal 'higher for longer' rates: MPC members")
Strengthening US dollar is a global risk: RBI's state of the economy report
"The Indian rupee has also exhibited low volatility and orderly movements relative to peers, in spite of the elevated US treasury yields and a stronger dollar," the RBI report says
 "Strengthening US dollar is a global risk: RBI's state of the economy report")
Inflation in UK unchanged at 6.7% in Sept, still way more than BoE's target
The flat reading reported by the Office for National Statistics was disappointing as most economists had predicted another, albeit modest, fall
 "Inflation in UK unchanged at 6.7% in Sept, still way more than BoE's target")
Wholesale inflation hits 6 month high in Sept but stays in negative
Food inflation decreased significantly to 3.35 per cent in September from 10.6 per cent in August
 "Wholesale inflation hits 6 month high in Sept but stays in negative")
Weekend Bites: Another war, trouble in IT paradise, carmakers, 'those guys'
In which we munch over the week's platter of news and views
 "Weekend Bites: Another war, trouble in IT paradise, carmakers, 'those guys'")
China's consumer inflation rate flatlines in Sept amid precarious recovery
Core CPI - which strips out volatile food and energy costs - rose 0.8%, same as August. Producer prices fell 2.5%, moderating slightly from the prior month's decline
 "China's consumer inflation rate flatlines in Sept amid precarious recovery")
Sensex, Nifty end lower for 2nd day; Tata Motors jumps 5%, Infy slides 2%
Closing Bell on Friday, October 13, 2023: Among sectors, the Nifty PSU Bank index fell 1.4 per cent, while the Nifty Auto index gained 0.88 per cent
 "Sensex, Nifty end lower for 2nd day; Tata Motors jumps 5%, Infy slides 2%")
13 states report higher inflation numbers; rising trend among BRICS peers
Overall inflation in India rose 5.02 per cent for the month of September
 "13 states report higher inflation numbers; rising trend among BRICS peers")
Clicking towards record: Festival season spurs online shopping spree
Any lingering fears that inflation and higher interest rates would dampen consumers' spirit in Asia's third largest economy, are being rapidly dispelled
 "Clicking towards record: Festival season spurs online shopping spree")
Managing expectations
Sustained higher inflation can affect outlook
 "Managing expectations")
Higher-for-longer rates will keep constricting global economy: World Bank
Both Ajay Banga, the institution's president, and Chief Economist Indermit Gill warned that the fallout from the sudden shift to an era of elevated borrowing costs may be tough
 "Higher-for-longer rates will keep constricting global economy: World Bank")
