Inflationary Impact

Stymied by fierce competition, manufacturing PMI slips to 56.5 in Nov

The rate of expansion is second-weakest in 11 months, the figure stood at 56.5 in January

Argentina to launch new test for 40,000 state staff; failure means 'fired'

The nature of this suitability test is not known yet. Argentina's Javier Milei administration has been aggressively cutting government spending and has fired 50,000 employees since December

Costlier veggies: Eating out to get pricier as restaurants mull price hikes

The continuous heavy rainfall in key tomato-producing states like Maharashtra and Karnataka has disrupted transportation, leading to a shortage in supply and subsequent price hikes

Inflation expected to average 4.5% for current fiscal year: CRISIL

Leading ratings and economic research firm CRISIL is of the view that inflation is expected to average 4.5 per cent for the current financial year. "Assuming a normal monsoon, we expect food inflation to soften, while non-food inflation could see an uptick but is expected to remain soft on the back of benign commodity prices," CRISIL said. The rating firm said that consumer price index (CPI) inflation moderated marginally to 4.75 per cent in May from 4.8 per cent in April 2024. "Non-food categories pulled down the headline inflation, but what is worrying is the relentless inching up of food categories, cereals and pulses", the CRISIL report said. Food inflation had stayed above 8.5 per cent for four months now, and non-food inflation continued to offer some respite, it said. The report maintained that there could be some rebalancing in domestic demand in the current fiscal with rural demand catching up with urban consumption. According to the report, the expectation of an above-n

Pakistan's inflation slows in May, lowest in 30 months amid record rate

The slowing pace of price gains in Pakistan is in part due to the base effect of one of the fastest inflation gains in Asia last year

Central banks' new-old inflationary bias

This is not to say that individual central bankers are untrustworthy. The problem is that most central banks are not as independent as many believe

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

Fed's favourite underlying inflation gauge cools, shows modest relief

Economists expect the personal consumption expenditures price index minus food and energy, due on Friday, to rise 0.2 per cent in April

Global interest rates chokehold on world economy set to loosen slowly

Geopolitical tension, with conflict between Israel and Iran threatening conflagration in the Middle East, is an additional risk variable

Inflationary pressure signals weakening support for Asian bond gains

Emerging Asian bonds handed investors a return of 0.5 per cent so far this quarter compared with over 5 per cent in the last three months of 2023, according to a Bloomberg index.

China's consumer prices suffer steepest fall in more than 14 years

Citigroup economists said in a research note last week that they expect mild reflation in 2024, and forecast annual CPI inflation at 1.2 per cent year-on-year

UK inflation rate rises to 4% in December for first time in 10 month

Wednesday's figures showed that core inflation - which excludes volatile food, energy, alcohol and tobacco prices - was 5.1% in December, the same rate as November

Pick up in consumption contingent on controlling inflation: Ind-Ra

The Indian economy is facing the challenge of lower consumption growth as high inflation is impacting people in the lower income bracket, India Ratings and Research Chief Economist Devendra Kumar Pant said on Sunday. He said although the country's economy is now resilient enough to deal with the dual shocks of below-normal monsoon and high global oil prices, the challenge is to bring down inflation so that people can have more disposable income in their hands. "One percentage point reduction in inflation will lead to 64 basis points increase in GDP or 1.12 percentage points increase in PFCE (Private final consumption expenditure) growth... If inflation can be brought down by 1 percentage point, it would be a win win," Pant said in an interview to PTI. PFCE denotes money spent by individuals on goods and services for personal consumption. As per the estimates of Ind-Ra, which is a subsidiary of global rating agency Fitch Ratings, PFCE would grow 5.2 per cent year on year in current

Households see a rise in inflationary pressures for year ahead: RBI survey

Consumer confidence stable; fairly optimistic about economy, employment, income

UK businesses grow for first time in three months, but high rates weigh

Britain's economy has suffered from the highest inflation rate among big, rich countries and gross domestic product failed to grow in the third quarter

Manufacturing PMI at five-month low in Sept but remains strong: Survey

Job creation in industry continues as firms continue getting new business, says S&P Global

Economy gaining strength, inflation to slide further in Sept: RBI report

India's retail inflation, which softened in August from the previous month's peak, is expected to trend down further in September, it said

Powell delivers on expected lines; Indian markets to consolidate: Analysts

The US central bank, Powell said, is prepared to hike the benchmark rates and keep the borrowing costs high until inflation comes in the target range of 2%

Inflation may stay elevated in coming months, says finance ministry

The government's continued emphasis on capital expenditure is expected to drive growth in the coming years, the finance ministry said in its monthly economic review for the month of July

Easing inflation helps FMCG, retail register healthy sales growth in June

The footwear category grew as well but was not among the better-performing verticals with a year-on-year sales growth of 2-3% in May