Inflation Pressure

Experts warn Trump's economic plans could fuel higher inflation rates

With characteristic bravado, Donald Trump has vowed that if voters return him to the White House, inflation will vanish completely". It's a message tailored for Americans who are still exasperated by the jump in consumer prices that began 3 1/2 years ago. Yet most mainstream economists say Trump's policy proposals wouldn't vanquish inflation. They'd make it worse. They warn that his plans to impose huge tariffs on imported goods, deport millions of migrant workers and demand a voice in the Federal Reserve's interest rate policies would likely send prices surging. Sixteen Nobel Prize-winning economists signed a letter in June expressing fear that Trump's proposals would reignite' inflation, which has plummeted since peaking at 9.1 per cent in 2022 and is nearly back to the Fed's 2 per cent target. Last month, the Peterson Institute for International Economics predicted that Trump's policies would drive consumer prices sharply higher two years into his second term. Peterson's analysi

Inflation horse brought to the stable, has to be kept on a tight leash: RBI

While the September inflation print may see a significant pick-up as base effects turn adverse and food prices register an upturn, food inflation, the RBI said, is expected to ease by Q4:2024-25

Bank of Canada cuts rates for third time to 4.25%, frets over weak growth

Wednesday marked the third consecutive cut, with the bank citing continued easing in broad inflationary pressures

April business growth at near 14-year high on robust demand, show PMIs

The reading has been consistently above the 50-mark separating expansion from contraction since August 2021

Fed to cut US rates 'at some point, but no hurry', says Loretta Mester

"At some point, as we get more confidence, we will start to normalize policy back to a less restrictive stance, but we don't have to do that in a hurry," Mester said

Inflation could hamper 'soft landing' of global economy despite US growth

Recent data have not been helpful, with inflation stalled well above the US central bank's 2% target for the first quarter of the year

Proactive management helps keep inflation within manageable level: FM

Proactive inflation management has helped keep the country's inflation within the manageable range, Finance Minister Nirmala Sitharaman said while presenting the interim Budget on Thursday. She also said that the inflation has moderated. The Reserve Bank of India has been mandated by the government to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side. Retail inflation rose at the fastest pace in four months in December 2023 at 5.69 per cent on account of an increase in prices of vegetables, pulses, and spices. The annual inflation based on the Consumer Price Index (CPI) was at 5.55 per cent in November and 5.72 per cent in the year-ago month. As per the data released by the National Statistical Office (NSO), the rate of price rise in the food basket, which constitutes nearly half of the CPI, increased to 9.53 per cent in December 2023 against 8.7 per cent in the preceding month and 4.19 per cent in December 2022. In August 2023, inflation ha

Best of BS Opinion: World's climate future, inflation fight and more

Here is the best of Business Standard's opinion pieces for today

Inflation gauges in the US at 2-year lows may spur rate hike pause

Despite the disinflation progress, officials on both sides of the Atlantic insist they want to see more evidence to be sure that consumer prices are durably under control

Global economy: Inflation eases in US, UK; India's trade gap widens in Oct

China's consumption rebound slowed and private business confidence lost momentum in October, according to independent surveys and alternative data that suggested the economic recovery remains bumpy

Yen on cusp of multi-decade lows keeps markets on intervention watch

The euro hit a fresh 15-year high versus the yen of 162.45

India inflation likely eased to four-month low in October: Report

Forecasts for the data, to be released on Monday, were in a 4.47%-5.55% range

Inflation-currency conundrum

Higher US inflation can increase currency volatility

Inflation could remain high for longer: IMF director Kristalina Georgieva

Georgieva said inflation could remain higher for longer, requiring even more monetary policy tightening.

China's consumer inflation rate slows to zero, slides to brink of deflation

Core inflation, which excludes volatile food and energy costs, slowed to 0.4 per cent from 0.6 per cent

Privatised debt load in the Britain now a major government problem

UK companies are the biggest issuers of inflation-linked debt in the developed world, with more than £40 billion ($51 billion) worth of the securities currently outstanding

Sweden's inflation hits 9.7% during September; highest level in 30 years

Inflation keeps breaking records in Sweden, with the CPIF (Consumer Price Index with fixed interest rate) 12-month inflation hitting 9.7 per cent in September, the highest level in three decades

RBI policy: Here is how a repo rate hike can affect your finances

If RBI increases the repo rate, the cost of borrowing by banks also rises, which subsequently makes taking loans from banks costlier

Indian govt 'in no hurry' on medium-term inflation target: Report

India's government is in no hurry to push inflation, now hovering near 7% and eight-year highs, back to the central bank's 4% medium-term target for fear that aggressive rate hikes could hurt growth

US Fed indicates further rate hikes as inflation shows no signs of abating

US Federal Reserve officials indicated that further rate hikes could follow as there is "little evidence" that inflation pressures were subsiding, according to the Fed's latest policy meeting.