Page 8 - Latest Updates on Inflation
US inflation increases moderately in April, consumer spending slows
The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department's Bureau of Economic Analysis said on Friday, matching the unrevised gain in March
 "US inflation increases moderately in April, consumer spending slows")
'Climate shocks' add uncertainty to inflation outlook: RBI annual report
Central bank highlights trading risks and, high reliance on bulk deposits of banks
 "'Climate shocks' add uncertainty to inflation outlook: RBI annual report")
German inflation higher than expected ahead of ECB rates decision
Economists will pay close attention to the data ahead of the release of inflation figures from the wider euro zone on Friday
Bank of Japan's underlying inflation measures all fall below 2% in April
The weighted median inflation rate, among the three indicators closely watched as a gauge on whether price rises are broadening
 "Bank of Japan's underlying inflation measures all fall below 2% in April")
Sri Lanka holds rates to control inflation, foster economic stability
Incoming data suggests that headline inflation is likely to be below the targeted level of 5 per cent in the upcoming months
 "Sri Lanka holds rates to control inflation, foster economic stability")
BOJ to proceed cautiously with inflation targeting frameworks: Ueda
'While many of the challenges we face are similar to those encountered by our counterparts, some are uniquely difficult for us,' the BOJ chief added
 "BOJ to proceed cautiously with inflation targeting frameworks: Ueda")
Consensus growing on rate cut as inflation diminishes: ECB's Panetta
Panetta has said inflation is showing a common underlying trend as it is declining in all major economic areas and that risks to financial stability have reduced
 "Consensus growing on rate cut as inflation diminishes: ECB's Panetta")
I-T dept notifies cost inflation index for FY25 to compute capital gains
It is popularly used to calculate 'indexed cost of acquisition', while calculating capital gains at the time of sale of any capital asset
 "I-T dept notifies cost inflation index for FY25 to compute capital gains")
UK inflation falls to 2.3%, lowest in 3 years but still above BoE's target
The Office for National Statistics said inflation, as measured by the consumer prices index, fell to 2.3 per cent in the year to April, down from 3.2 per cent in March
 "UK inflation falls to 2.3%, lowest in 3 years but still above BoE's target")
UK inflation drops less than expected, dashing June rate cut hopes
Consumer prices rose by an annual 2.3 per cent last month, down sharply from a 3.2 per cent increase in March
 "UK inflation drops less than expected, dashing June rate cut hopes")
US Fed's Waller sees some progress on inflation, says no rate hike needed
"The economy now seems to be evolving closer to what the Committee expected," Waller said, referring to the central bank's policy-setting Federal Open Market Committee
 "US Fed's Waller sees some progress on inflation, says no rate hike needed")
With inflation falling fast, will Bank of England quickly cut rates?
Much of the drop in headline consumer price inflation - from a peak of 11.1 per cent a year and a half ago - is due to falling energy prices which are beyond the BoE's control
 "With inflation falling fast, will Bank of England quickly cut rates?")
Best of BS Opinion: Tweaking the inflation targeting mandate & more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Tweaking the inflation targeting mandate & more")
Tweaking the inflation targeting mandate
A key focus for the new govt should be to ensure wider consultation in setting inflation target
Metals, stocks shine amid economic optimism due to slower inflation
Gold climbed more than 1% to a record $2,449.89 an ounce, while three-month copper on the London Metal Exchange surged as much as 4.1% to a historic high of $11,104.50
 "Metals, stocks shine amid economic optimism due to slower inflation")
Soft US inflation data pushes markets higher; Sensex gains 677 points
Indices post biggest gains in two weeks
 "Soft US inflation data pushes markets higher; Sensex gains 677 points")
JPMorgan CEO Jamie Dimon sees 'lot of inflationary forces in front of us'
'If you have higher rates and - God forbid - stagflation, you will see stress in real estate and leveraged companies, and private credit,' Dimon said
 "JPMorgan CEO Jamie Dimon sees 'lot of inflationary forces in front of us'")
US consumer inflation eases to 0.3% in April; retail sales unchanged
The reports suggested that domestic demand was cooling, which is likely to be welcomed by officials at the U.S. central bank as they try to engineer a "soft-landing" for the economy
 "US consumer inflation eases to 0.3% in April; retail sales unchanged")
'Soft landing' hopes at stake as investors await key US inflation data
Fed Chairman Jerome Powell has downplayed the potential for rate hikes this year and recent data showed cooling in the labor market
 "'Soft landing' hopes at stake as investors await key US inflation data")
US producer prices in Apr soar more than expected on strong services, goods
The report from the Labor Department on Tuesday also showed wholesale goods prices rising solidly last month, though the cost of food declined
