Page 18 - Latest Updates on Inflation
Bank of England's forecasts under fire from former UK rate-setters
Five former Bank of England rate setters have attacked their old employer for going soft on inflation despite hiking borrowing costs last Thurday to a 14-year high
 "Bank of England's forecasts under fire from former UK rate-setters")
Sensex dips 420 pts on weak global cues; Aurobindo Pharma down 12%, TaMo 5%
CLOSING BELL: Hero MotoCorp, HDFC Bank, Kotak Bank, ONGC, Bharti Airtel, and Dr Reddy's Labs, meanwhile, eked out gains up to 2.6 per cent
 "Sensex dips 420 pts on weak global cues; Aurobindo Pharma down 12%, TaMo 5%")
Inflation likely slowed in Oct, still well above RBI target band: Report
Forecasts ranged from 6.40% to 7.35%, with three-quarters of respondents expecting a figure under 7.00%, well below the recent peak of 7.79% in April. The RBI's tolerance band is 2-6%.
 "Inflation likely slowed in Oct, still well above RBI target band: Report")
Global supply chains gear up for overhaul next year, survey shows
The survey also showed concerns were broader than supply chains, with 51% of respondents saying their expect the environment for international trade to be harder next year
 "Global supply chains gear up for overhaul next year, survey shows")
US midterm: Republicans limp toward house control with Senate still in play
While Democrats have reason to rejoice, the fate of President Joe Biden's legislative agenda still hangs in the balance and the prospect of government gridlock looms
 "US midterm: Republicans limp toward house control with Senate still in play")
Cost inflation overhang set to hit Jubilant FoodWorks in near term
The stock was down 7.55 per cent in trade on Wednesday and ended at Rs 566.45 per share
 "Cost inflation overhang set to hit Jubilant FoodWorks in near term")
Food bills zoom as UK grocery inflation soars to record 14.7%: Report
The jump in prices means the average annual shop is set to rise by £682 ($782) even as consumers contend with rising energy bills as the weather gets colder
 "Food bills zoom as UK grocery inflation soars to record 14.7%: Report")
Inflation, rising costs to slow down digital transformation: Report
About 58 per cent healthcare industry professionals globally believe that digital transformation initiatives would be slowed down due to inflation and rising costs, a new report showed on Tuesday
 "Inflation, rising costs to slow down digital transformation: Report")
Inflation targeting in letter and spirit
There have not been good enough reasons outside of the RBI for inflation to have stayed above 6 percent
Best of BS Opinion: Reservations about EWS, an extraordinary decade & more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Reservations about EWS, an extraordinary decade & more")
Austrian theory of business cycle is key to explain upcoming Recession
One reason the current economic situation is so fraught is that world is facing 3 kinds of business-cycle mechanisms at the same time. First 2 are well-known, but the third - Austrian theory is not
 "Austrian theory of business cycle is key to explain upcoming Recession")
Sensex ends subdued day 235 pts up, Nifty swings above 18,200; SBI leaps 3%
CLOSING BELL: The Nifty PSU Bank index sharply outperformed other indices as it gained 4.5 per cent
 "Sensex ends subdued day 235 pts up, Nifty swings above 18,200; SBI leaps 3%")
US jobs top forecasts, wages pick up in labor market despite Fed aggression
US employers added more jobs than expected in October while wages rose firmly, underscoring the resilience of the labor market despite the Federal Reserve's aggressive efforts to cool it down.
 "US jobs top forecasts, wages pick up in labor market despite Fed aggression")
'Price rise may be persistent as it has moved into core inflation in Asia'
The International Monetary Fund (IMF) recently released a regional economic outlook (REO) on Asia and Pacific, in which it cut the growth projections for the region
 "'Price rise may be persistent as it has moved into core inflation in Asia'")
Fag-end buying lifts Sensex 114 pts, Nifty above 18,100; Metal index up 4%
CLOSING BELL: A late rally on Dalal Street helped the benchmark indices end a lacklustre trading session on a positive note. Metals, select financial shares led the pullback.
 "Fag-end buying lifts Sensex 114 pts, Nifty above 18,100; Metal index up 4%")
Best of BS Opinion: Fighting inflation, blurred energy nirvana & more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Fighting inflation, blurred energy nirvana & more")
Turkish inflation tops 85% driven by surge in food prices, energy costs
Turkish annual inflation accelerated for the 17th month in a row in October, driven by a surge in food prices and energy costs, to its likely peak during President Erdogan's two decades in power
 "Turkish inflation tops 85% driven by surge in food prices, energy costs")
Bank of England raises rates by most since 1989 even as recession looms
Central bank raises bank rate to 3% from 2.25%
 "Bank of England raises rates by most since 1989 even as recession looms")
Indices shrug off Fed rate hike; Sensex ends 69.68 points lower
The broader NSE Nifty dipped 30.15 points or 0.17 per cent to end at 18,052.70
 "Indices shrug off Fed rate hike; Sensex ends 69.68 points lower")
Fighting inflation
Synchronised rate hikes by large central banks would increase financial stability risks
 "Fighting inflation")
