Page 20 - Latest Updates on Inflation
Japan unveils $200 billion in new spending to ease inflation pain
Fiscal spending under the package will total 39 trillion yen ($260 billion), funded by an extra budget of 29.6 trillion yen ($201 billion)
 "Japan unveils $200 billion in new spending to ease inflation pain")
High inflation a result of exogenous price shocks, says MPC member
The RBI has so far hiked the short-term lending rate by 190 basis points, taking the rate to a nearly three-year high of 5.9%
 "High inflation a result of exogenous price shocks, says MPC member")
RBI release suggests Nov MPC meet only to discuss inflation target failure
MPC may decide RBI's response to govt on the matter; Unlike earlier off-cycle meetings in which interest rate action was taken outside schedule without prior notice, this one was announced in advance
 "RBI release suggests Nov MPC meet only to discuss inflation target failure")
Crypto wrap: Markets rally on expectation of softer stance from US Fed
Bitcoin crossed the $ 20,000 mark, and Ethereum was above the $ 1,500 mark for the first time since it concluded "Merge" in September
 "Crypto wrap: Markets rally on expectation of softer stance from US Fed")
Japan to okay $490 billion in stimulus to cushion impact of inflation
Japanese PM Fumio Kishida's govt was to approve a hefty economic package that will include govt funding of about 29 trn yen to soften the burden of costs from rising utility rates and food prices
 "Japan to okay $490 billion in stimulus to cushion impact of inflation")
ECB raises interest rates by 75 basis points to fight record inflation
With this, it has increased policy rate by 1.5 per cent, the highest in a decade
 "ECB raises interest rates by 75 basis points to fight record inflation")
US economy rebounds as businesses and consumers show resilience
Records first increase this year at 2.6%, following two quarterly contractions
 "US economy rebounds as businesses and consumers show resilience")
Future sentiment score hints a decline in housing market momentum in Q4
The Current sentiment score has declined marginally from 62 in the second quarter of 2022 to 61 in the third quarter of 2022.
 "Future sentiment score hints a decline in housing market momentum in Q4")
Listed firms managing liquidity challenges well, says India Ratings
Given the tightening liquidity conditions and higher cost of borrowings, corporates with a weak credit profile are likely to tap a loan against shares facility to meet their funding requirements
 "Listed firms managing liquidity challenges well, says India Ratings")
Centre may sell surplus wheat in small tranches to control atta prices
Flour millers have reportedly told the government that they have stocks for one to two months only
 "Centre may sell surplus wheat in small tranches to control atta prices")
Energy prices to fall 11% in 2023 as economies slow down: World Bank study
Currency depreciation in developing countries could deepen food and energy inflation: Commodity Markets Outlook report
 "Energy prices to fall 11% in 2023 as economies slow down: World Bank study")
Soaring inflation set to dent salary hikes for second year: Survey
The worst-hit region is likely to be Europe, where real salaries - nominal wage growth minus the rate of inflation - are seen being driven down an average 1.5 per cent
 "Soaring inflation set to dent salary hikes for second year: Survey")
'It will continue to be a rough ride, with few places to shelter'
'It will continue to be a rough ride, with few places to shelter. Geographically and geopolitically the US, despite being in the middle of much of the turbulence, should continue to be an attractive '
 "'It will continue to be a rough ride, with few places to shelter'")
Price hike is the last thing on our mind: Dabur India CEO Mohit Malhotra
'We are very reluctant because price rise has an impact on the demand as well as the volume growth', he said
 "Price hike is the last thing on our mind: Dabur India CEO Mohit Malhotra")
Better for Indian policymakers to understand what makes oil prices move
India imports more than 85% of its crude, half of its gas, and 60% of the cooking fuel, and any uptick in rates reduces the purchasing power of Indian households, something that is called inflation
 "Better for Indian policymakers to understand what makes oil prices move")
Australian inflation hits 32-year high amid rising gas and housing prices
Australia's annual inflation has climbed to its highest level in 32 years amid soaring prices for housing and gas
 "Australian inflation hits 32-year high amid rising gas and housing prices")
New Zealand's cost of living for average households rises by 7.7% YoY
The cost of living for the average household in New Zealand increased by 7.7 per cent year on year, with increasing prices widely felt across all household groups in the September 2022 quarter
Recovery in rural India, market share key for Colgate-Palmolive growth
Management optimistic about growth as stock valuation stays unchanged for India's largest oral care company
 "Recovery in rural India, market share key for Colgate-Palmolive growth")
Inflation woes: How front-loading rate hikes risks financial instability
This Fed rate-increase cycle, which has already delivered a total of 3 percentage points in just over six months, is the most front-loaded one in a long time
 "Inflation woes: How front-loading rate hikes risks financial instability")
Sensex snaps seven-day winning run, falls 288 pts; Nifty50 ends at 17,656
Profit-booking comes to play, investors dump FMCG, pvt banking stocks
 "Sensex snaps seven-day winning run, falls 288 pts; Nifty50 ends at 17,656")
