Page 2 - Consumer Price Inflation

US consumer prices dropped 0.1% in Dec 2022 but remain at record high

The US Consumer Price Index fell a very modest 0.1 percent in December, according to Labor Department data released Thursday

South Korea's consumer price grows 5.1% y-o-y, hits 24-yr high: Govt data

The price of utility services gained 12.6 per cent on-year in 2022, as South Korea, which depends heavily on imports for its energy needs, was hit by soaring global prices of key resources

CPI inflation eases to 11-month low of 5.9% in November; IIP contracts

Core inflation inches up; manufacturing activity declines

States to set up district-wise price monitoring centre for essential items

A senior government official indicated that the Center is making every effort to manage the prices of basic commodities through the Price Monitoring Division

Britain's inflation rate rises to 41-year high at 11.1% in October

Britain's inflation rate rose to a 41-year high in October, fuelling demands for the government to do more to ease the nation's cost-of-living crisis when it releases new tax and spending plans on Thursday. Consumer prices rose 11.1% in the 12 months through October, compared with 10.1% in September, the Office for National Statistics said Wednesday. The October figure exceeded economists expectations of 10.7%. Higher prices for food and energy drove October's inflation rate to the highest since October 1981, the ONS said. The new data comes a day before Treasury chief Jeremy Hunt is scheduled to unveil a new budget amid growing calls for higher wages, increased benefits and more spending on health and education as raging inflation erodes the spending power of people across the country. Those demands are complicating Hunt's efforts to close an estimated 50 billion-pound budget shortfall and restore the government's financial credibility after former Prime Minister Liz Truss's ...

Analysts see more legs to the market rally amid intermittent corrections

Analysts think it will not be a runaway rally from here on as the market valuations seem expensive

Inflation likely slowed in Oct, still well above RBI target band: Report

Forecasts ranged from 6.40% to 7.35%, with three-quarters of respondents expecting a figure under 7.00%, well below the recent peak of 7.79% in April. The RBI's tolerance band is 2-6%.

Inflation targeting in letter and spirit

There have not been good enough reasons outside of the RBI for inflation to have stayed above 6 percent

OECD, S&P keep India's economic growth forecasts unchanged for FY23

S&P noted that India's domestic recovery from Covid-19 would continue to support growth in FY23

FMCG firms offer discounts, price cuts as raw materials get cheaper

Food companies are still in wait and watch mode

India's retail inflation dips below 7% in July; IIP growth in double digits

RBI, in its latest monetary policy committee meeting had raised the rates by 50bps to 5.4 per cent, higher than the pre-pandemic level.

Pointed attack on inflation will need to continue, says FM Sitharaman

Her remarks came hours after official data showed that retail inflation in June stood at 7.01%. The print was lower than 7.04% recorded in May but still higher than RBI's comfort level of 6%.

India's retail inflation likely held steady just above 7% in June: Poll

The July 4-8 Reuters poll of 42 economists showed inflation as measured by the consumer price index (CPI) was steady at an annual 7.03% in June, versus 7.04% in May

UK inflation rate hits new 40-year high of 9.1% in May, likely to rise more

The Bank of England says inflation could hit 11% in October when a cap on domestic energy bills is lifted

Sri Lanka' May consumer prices soar 45.3% YoY, highest since 2015

A sharp drop in foreign exchange reserves has left the country of 22 million people struggling to pay for essential imports of food, fuel and medicine.

High prices drag India discounts to 7-week low; China demand sluggish

High prices have slumped Indian discounts and the Chinese market has also remained unpromising for the time being

Inflation in Turkey hits record 48.7% following interest rate cuts

Consumer price inflation surged for an eighth straight month to reach an annual 48.7%, the highest since April 2002 and up sharply from 36.1% in December

China's factory gate inflation slows further after cooling measures

Consumer price inflation also slowed last month as food prices fell, the National Bureau of Statistics (NBS) said in a statement

Excise cut on petrol, diesel to cost government Rs 45,000 crore: Nomura

A cut in excise duty on petrol and diesel and the ensuing drop in retail selling price of these auto fuels should also help address inflation concerns to some extent, analysts said

Household inflation expectation: Rarely in sync, yet a key policy driver

There will always be a gap between actual inflation and household expectation. Yet the latter is broadly indicative of trends and is a critical input for controlling prices