Page 16 - Latest Updates on Inflation
What inflation? Cyber Monday set for record $11.2-billion sales
The Adobe Analytics report predicts spending on Cyber Monday to rise 5.2 per cent as inflation-weary consumers have been putting off holiday shopping for weeks
 "What inflation? Cyber Monday set for record $11.2-billion sales")
Smart pickup in good jobs
The estimated 0.7 million additional jobs created by listed companies may easily more than offset the recent layoffs seen in tech companies
Economists see 35 bps rate hike, then a pause: BS monetary policy poll
Some expect a slight reduction in GDP growth forecast
 "Economists see 35 bps rate hike, then a pause: BS monetary policy poll")
Hero MotoCorp to hike prices from Dec 1 due to inflationary costs
The company will continue to provide innovative financing solutions in order to cushion the impact on the customers, CFO said
 "Hero MotoCorp to hike prices from Dec 1 due to inflationary costs")
Is the capital goods sector on the recovery path as inflation eases?
Revenue growth estimates have moderated post Q2 but the bottom may be close
 "Is the capital goods sector on the recovery path as inflation eases?")
Hike interest rates by 25-35 basis points in Dec: Economists to RBI
The meeting was held ahead of the RBI's next monetary policy review, which is scheduled December 5-7
 "Hike interest rates by 25-35 basis points in Dec: Economists to RBI")
Global shares mixed as investors eye China covid crisis, Japan inflation
Across China, the number of new cases reported Thursday was 31,444, the highest since the virus was first detected in late 2019
 "Global shares mixed as investors eye China covid crisis, Japan inflation")
We should see core inflation dipping: RBI MPC member Ashima Goyal
Core inflation is calculated by largely stripping away the volatile components of food and fuel. Goyal was referring to certain products that have linkages with oil prices
 "We should see core inflation dipping: RBI MPC member Ashima Goyal")
Monetary policy faces severe information constraints: RBI DG Patra
The moment inflation is released by NSO, it gets hit by unanticipated shocks, says RBI Deputy Governor Michael Patra
 "Monetary policy faces severe information constraints: RBI DG Patra")
India to grow at moderately brisk rate, inflation to ease: FinMin
India is well placed to grow at a "moderately brisk rate" in the coming years on the back of macroeconomic stability, despite global monetary tightening, a finance ministry reported
 "India to grow at moderately brisk rate, inflation to ease: FinMin")
Key indicator suggests RBI may go for another 35 bps rate hike before pause
The expectation of the RBI's rate hike cycle ending after December is further elucidated by a rare occurrence -- an inversion in the swap curve
 "Key indicator suggests RBI may go for another 35 bps rate hike before pause")
Paris 2024 organizers say budget likely to increase 'because of inflation'
Organizers said half the extra money is needed to cover the impact of inflation, while some will go toward additional expenses for the opening ceremony on the Seine river
 "Paris 2024 organizers say budget likely to increase 'because of inflation'")
Easing material costs to aid Pidilite margins, near-term pressures weigh
Upsides from current levels may be capped due to higher valuations
 "Easing material costs to aid Pidilite margins, near-term pressures weigh")
Indian markets are likely to underperform peers in the short-run: Analysts
Among the lot, US equities still have a lot of room to catch up as the US Federal Reserve (US Fed) slows its pace of rate hikes, analysts say
 "Indian markets are likely to underperform peers in the short-run: Analysts")
Sensex drops 519pts, Nifty below 18,200; Easy Trip up 20%, Archean Chem 12%
CLOSING BELL: Over 35 stocks fell on the Nifty50 index, led by Adani Ports, Hindalco, TCS, HDFC, Tech M, Reliance Industries, Hero MotoCorp, Infosys, Grasim, JSW Steel, and Bajaj Finance
 "Sensex drops 519pts, Nifty below 18,200; Easy Trip up 20%, Archean Chem 12%")
Inflation makes humbled central bankers scale back their ambitions
The first step for the newly humbled monetary policymakers is getting prices back under control without creating economic havoc
 "Inflation makes humbled central bankers scale back their ambitions")
Joe Biden says 'it is going to take time' for inflation to recede
Biden has been encouraged by the Democrats' stronger-than-expected performance in the midterm elections, but he could be entering a perilous stretch when it comes to the economy.
 "Joe Biden says 'it is going to take time' for inflation to recede")
Japan's consumer prices spike to highest level in 40 years: Govt data
The nationwide core consumer price index, which excludes volatile fresh food items, rose for the 14th straight month, the data showed, beating a 3.5 per cent increase forecast by economists
 "Japan's consumer prices spike to highest level in 40 years: Govt data")
Shadow of India-China tussle, high inflation over Nepal elections
About 18 million people are eligible to vote for the 275-member Parliament, as well as the 550 members of seven Provincial Assemblies
 "Shadow of India-China tussle, high inflation over Nepal elections")
Inflation moderation key to sustain retail sales growth: Retail body chief
Kumar Rajagopalan of Retailers Association of India sounds hopeful that the industry will grow by 20% in the Oct-Dec wedding season
 "Inflation moderation key to sustain retail sales growth: Retail body chief")
