Page 11 - Latest Updates on Inflation
RBI not seen taking eye off inflation as prices may stay sticky in 2023
'Govt to continue fiscal prudence,' say bankers at book launch of Roller Coaster - An Affair with Banking by veteran journalist Tamal Bandyopadhyay
 "RBI not seen taking eye off inflation as prices may stay sticky in 2023")
World Bank cuts 2023 economic growth forecasts, warns of global recession
Spillovers from a period of pronounced weakness in the US, China and the European Union are exacerbating other headwinds faced by poorer nations
 "World Bank cuts 2023 economic growth forecasts, warns of global recession")
Gold prices steady as investors focus on Powell speech for rate guidance
Powell is scheduled to speak at a central bank conference in Stockholm at 1400 GMT, ahead of key US inflation data on Thursday
 "Gold prices steady as investors focus on Powell speech for rate guidance")
Sensex slides 632pts to 60,115, Nifty below 18K; Airtel, SBI slip up to 2%
CLOSING BELL: Broader markets, too, bled simultaneously in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.5 per cent
 "Sensex slides 632pts to 60,115, Nifty below 18K; Airtel, SBI slip up to 2%")
Egypt's inflation surges on amid currency's dramatic slide, say statistics
Egypt continues to battle surging inflation amid a dramatic slide of its currency as many Egyptians struggle with price hikes, the country's statistics bureau said on Tuesday
 "Egypt's inflation surges on amid currency's dramatic slide, say statistics")
Wheat harvest could hit record on higher planting area, favourable weather
Higher wheat output could encourage India to consider lifting a ban on exports of the staple and help ease concerns over persistently high inflation in food prices
 "Wheat harvest could hit record on higher planting area, favourable weather")
UK is halfway through squeeze that will cut incomes by £2,000: Report
The findings add to a bleak outlook for UK households after inflation jumped to double digits
 "UK is halfway through squeeze that will cut incomes by £2,000: Report")
Philippines rushes to import onions as prices touch nearly Rs 1,000 per kg
The Philippines' agriculture department is planning to import 22,000 tons of onions to boost domestic supply as surging prices of the cooking ingredient push inflation to a 14-year high
 "Philippines rushes to import onions as prices touch nearly Rs 1,000 per kg")
Price stability top priority for South Asia: RBI governor Shaktikanta Das
'Approach to disinflation' needs to consider risks to growth outlook, says Shaktikanta Das
 "Price stability top priority for South Asia: RBI governor Shaktikanta Das")
Japan's real wages mark biggest drop in more than eight years: Govt report
Despite the negligible gain, it said when factoring in inflation, real wages had actually declined in the recording period
 "Japan's real wages mark biggest drop in more than eight years: Govt report")
Inflation in Europe continues to dip as energy prices rise at slower pace
The European Central Bank aims to keep inflation near 2 per cent, CNN reported
 "Inflation in Europe continues to dip as energy prices rise at slower pace")
How sustained 6.5% growth for the rest of the decade can be realistic
Growth beyond 6% can happen, but there are constraints on both fiscal and monetary policy, which must focus on reducing the current account deficit, the fiscal deficit and inflation, writes T N Ninan
Govt, RBI discussing rupee trade with S Asian nations: Shaktikanta Das
The Governor outlined six policy priorities before the South Asian region to deal with critical challenges arising due to Covid, inflation, financial market tightening and the Russia-Ukraine war
 "Govt, RBI discussing rupee trade with S Asian nations: Shaktikanta Das")
Italy's inflation reaches 37-yr high in 2022, rises to 8.1% y-o-y
The 8.1 per cent annual inflation rate includes data from the early part of the year when inflation was still low
 "Italy's inflation reaches 37-yr high in 2022, rises to 8.1% y-o-y")
Philippines inflation rate rose to 8.1% in December 2022: Reports
Socioeconomic Planning Secretary Arsenio Balisacan said faster food inflation is driven by higher prices of vegetables
 "Philippines inflation rate rose to 8.1% in December 2022: Reports")
Sri Lankan economy to recover in second half of 2023: Central bank
The central bank said that structural economic impediments that existed across various spheres of the economy over decades were compounded by economic shocks, along with ill-timed policy choices
 "Sri Lankan economy to recover in second half of 2023: Central bank")
FMCG cos expect fewer price hikes, robust growth in 2023 despite headwinds
Industry strong enough to withstand another Covid hot for at least two quarters; global recession to have little impact; rural demand remains a concern
 "FMCG cos expect fewer price hikes, robust growth in 2023 despite headwinds")
Opportunities and choices in the Budget
Fiscal consolidation is needed if India is to seek sustainable private sector-led growth
Dollar falls as European inflation cools and China lifts the Aussie
A series of separate reports showed business-sector activity across the euro zone held up better than expected in December, despite intense pressure from soaring energy prices
 "Dollar falls as European inflation cools and China lifts the Aussie")
Turkey's annual inflation fell to 64.27% in Dec 2022 due to base effect
Turkey's annual inflation fell sharply to 64.27 per cent in December 2022 due to a base effect, official data has revealed
 "Turkey's annual inflation fell to 64.27% in Dec 2022 due to base effect")
