Page 2 - Latest Updates on Inflation
RBI should prioritise inflation over growth, say FinMin officials
The RBI has a mandate to keep retail inflation at 4 per cent within a band of 2 percentage points on either side
 "RBI should prioritise inflation over growth, say FinMin officials")
Inflation is driving boom in secondhand shopping, $177 bn global sales
The shoppers most attracted to resale are members of younger generations, mainly Gen Z
 "Inflation is driving boom in secondhand shopping, $177 bn global sales")
SL central bank maintains current interest rates to continue disinflation
The Central Bank of Sri Lanka announced a decision to maintain its Standing Deposit Facility Rate and Standing Lending Facility Rate at the current level of 15.50 per cent and 16.50 per cent
 "SL central bank maintains current interest rates to continue disinflation")
Time to avoid the 'last hike'
One feels that arguments in favour of a pause in April are strong
 "Time to avoid the 'last hike'")
Australia pauses rate hikes to assess tightening impact, inflation in focus
In March, two-wheelers, three-wheelers, passenger vehicles and commercial vehicles saw a growth of 12 per cent, 69 per cent, 14 per cent, and 10 per cent, respectively
 "Australia pauses rate hikes to assess tightening impact, inflation in focus")
ADB slashes India GDP growth forecast to 6.4% for FY24, cites risks
Private consumption will be the main driver of growth, says international agency
 "ADB slashes India GDP growth forecast to 6.4% for FY24, cites risks")
India's GDP growth to slow down to 6.3 per cent in FY24: World Bank
The latest India Development Update, released Tuesday, notes that rising borrowing costs and slower income growth are expected to weigh on private consumption growth
 "India's GDP growth to slow down to 6.3 per cent in FY24: World Bank")
European countries' battle with inflation is far from over amid tax cuts
Even pricier food risks further aggravating social discontent and frustration with authorities. On top of that, an surprise oil output cut by OPEC+ at the weekend is pushing oil prices higher
 "European countries' battle with inflation is far from over amid tax cuts")
Growth, margins play whack-a-mole with consumer discretionary space
Some brokerages bet on consumer staples, preferring this more defensive space
 "Growth, margins play whack-a-mole with consumer discretionary space")
Inflation, unorganised distribution of flour blamed for stampede in Pak
There have been multiple stampede incidents across Pakistan due to the unorganised distribution of free flour which led to the death of various inflation-hit people, who gathered to collect food
 "Inflation, unorganised distribution of flour blamed for stampede in Pak")
Inflation in Pakistan rises by record as IMF reforms spur gains: Data
Consumer prices rose 35.37% from a year earlier, according to data released by the statistics department Saturday
 "Inflation in Pakistan rises by record as IMF reforms spur gains: Data")
Sri Lanka's inflation drops further to 50.3% amid ongoing economic crisis
The country's central bank said that inflation will be reduced to single digit by the end of the year
 "Sri Lanka's inflation drops further to 50.3% amid ongoing economic crisis")
Global stocks climb and US treasury yield declines after inflation data
U.S. consumer spending rose moderately in February, and while inflation cooled, it remained elevated enough to possibly allow the Federal Reserve to raise interest rates one more time this year
 "Global stocks climb and US treasury yield declines after inflation data")
India's farm exports likely to touch record $56-57 billion: Official
The achievement will be commendable, given that exports of several high-value items, such as wheat and rice, have been banned during the financial year to control inflation
 "India's farm exports likely to touch record $56-57 billion: Official")
Fed-favored inflation gauge rises by les than forecast, spending moderates
Excluding food and energy, the Fed's preferred inflation gauge - the personal consumption expenditures price index - rose 0.3% in February after the prior month was revised down slightly
 "Fed-favored inflation gauge rises by les than forecast, spending moderates")
Markets flat after volatile year; benchmarks swing over 20% in FY23
Experts see modest returns in FY24 too
 "Markets flat after volatile year; benchmarks swing over 20% in FY23")
India's food inflation bites harder as risks build for global supplies
Its average citizen is more affected than people in peer economies
 "India's food inflation bites harder as risks build for global supplies")
Egypt's Central Bank raises interest rates to curb surging inflation
The hike aims to ease spiraling inflation, with the annual figure reaching 32.9% in February, up from 26.5% in January
 "Egypt's Central Bank raises interest rates to curb surging inflation")
Wall Street poised to join stocks advance, inflation ebbs in Europe
The dollar was a touch weaker, while crude oil prices rose after a surprise drop in U.S. stockpiles
 "Wall Street poised to join stocks advance, inflation ebbs in Europe")
Toll operators in India to see a revenue jump of 16-18% in FY23: CRISIL
In FY24, the revenue growth will continue to be strong, but it will be a lower 9-11 per cent
 "Toll operators in India to see a revenue jump of 16-18% in FY23: CRISIL")
