Page 12 - Latest Updates on Inflation
High portfolio yields to make debt funds an attractive option in 2023
Investors could also get the benefit of capital gains this year
 "High portfolio yields to make debt funds an attractive option in 2023")
Year 2023: The beginning of the 'new normal' for the global economy
The year 2022 would also be known as one that made the transition from very low to high inflation
Israel's central bank raises interest rate to 3.75%, highest since 2008
This is the seventh consecutive rise in the base interest rate in Israel since April 2022 when the figure then stood at 0.1 per cent, reports Xinhua news agency
 "Israel's central bank raises interest rate to 3.75%, highest since 2008")
What is a living wage?
Inflation has hit the poor most. It is one of the reasons why the government is now mulling 'living wage' over the existing 'minimum wage'. Living wage is indexed to inflation. Here's more about it
 "What is a living wage?")
Indian economy poised for further growth despite global headwinds: Analysts
The government too is hopeful to meet the fiscal deficit target of 6.4 per of the GDP on back buoyancy in revenue collection
 "Indian economy poised for further growth despite global headwinds: Analysts")
Interest rates to be reduced in 2023: Sri Lanka's central bank chief
He said that Sri Lanka's inflation rate eased to 57.2 per cent in December from 61 per cent in November, noting that this reflected that the policies they have taken from April 2022 were successful
 "Interest rates to be reduced in 2023: Sri Lanka's central bank chief")
Inflation kept MPC occupied in 2022, but may not hurt growth for now
Economists and businesses await to see what will be committee's stance in 2023
 "Inflation kept MPC occupied in 2022, but may not hurt growth for now")
Retail inflation for industrial workers eases to 5.41% in November
Food inflation stood at 4.30 per cent in November 2022 against 6.52 per cent of the previous month (October 2022) and 3.40 per cent during the corresponding month (November 2021) a year ago
 "Retail inflation for industrial workers eases to 5.41% in November")
Sensex up 4.4% in 2022; ends last trading day 293 pts lower at 60,841
CLOSING BELL: The NSE Nifty 50 declined 86 points to 18,105, and was up 4.3 per cent for the year 2022. Broader indices - the BSE Midcap and Smallcap outperformed in trades on Friday.
 "Sensex up 4.4% in 2022; ends last trading day 293 pts lower at 60,841")
2022: When high prices ate into rural earnings more than in urban areas
War, weather and excess liquidity impacted Bharat, though year-end saw things looking up a bit
 "2022: When high prices ate into rural earnings more than in urban areas")
Rupee likely to leave its worst behind; inflows crucial in 2023: Analysts
India's current account deficit widened to a more than nine-year high in the July-September quarter on the back of high commodity prices, which pushed up the trade deficit, data from RBI showed
 "Rupee likely to leave its worst behind; inflows crucial in 2023: Analysts")
India's battle against inflation to continue amid global uncertainties
After remaining above the Reserve Bank's comfort level of 6% for most part of this year, retail inflation is slowly easing, and efforts are likely to continue to further reduce it in the coming months
Indian economy resilient amid global shocks: RBI Governor Shaktikanta Das
Inflation is forecast to rise to 8.8 per cent in 2022, with both headline and core inflation staying well above targets in AEs and EMDEs, the report noted
 "Indian economy resilient amid global shocks: RBI Governor Shaktikanta Das")
Monetary policy making: 2022 was year of reset, 2023 could be a long pause
25 bps raise likely in Feb, before RBI hits status quo button, feel experts
 "Monetary policy making: 2022 was year of reset, 2023 could be a long pause")
Sensex, Nifty end flat; Broader market outperforms, Titan gains 3%
CLOSING BELL: Auto majors - Maruti and Mahindra & Mahindra were the other prominent gainers among the Sensex 30, while Bharti Airtel and Tata Steel declined around a per cent each
 "Sensex, Nifty end flat; Broader market outperforms, Titan gains 3%")
Brazil's financial market lowers the inflation ceiling forecast for 2022
Brazil's financial market cut the inflation forecast for 2022 from 5.76 per cent to 5.64 per cent, the Central Bank of Brazil.
 "Brazil's financial market lowers the inflation ceiling forecast for 2022")
Holiday sales up 7.6% as US spending remained resilient amid inflation
Holiday sales rose this as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure
 "Holiday sales up 7.6% as US spending remained resilient amid inflation")
Inflation and agency accountability
In tune with global thinking, India created a monetary policy committee to target inflation. Six years later, it's time to strengthen its accountability
 "Inflation and agency accountability")
Crypto wrap: Central banks' commentary on inflation keeping market weak
Cryptocurrency news: Both Bitcoin and Ethereum have been trading below crucial support levels
 "Crypto wrap: Central banks' commentary on inflation keeping market weak")
Sensex slumps 981 pts, Nifty ends near 17,800; PSU index crashes 6%
Market at close: The pain was even more severe in the broader market space where the BSE MidCap and SmallCap indices fell 3 and 4 per cent, respectively
 "Sensex slumps 981 pts, Nifty ends near 17,800; PSU index crashes 6%")
