Page 21 - Latest Updates on Inflation
US Fed is losing billions, wiping out profits that funded spending
The bond market is enduring its worst selloff in a generation, triggered by high inflation and the aggressive interest-rate hikes that central banks are implementing
 "US Fed is losing billions, wiping out profits that funded spending")
Australia to raise spending to boost slowing economy amid inflation
Australia's new government released plans on Tuesday for more spending on families, the elderly, defence and its Pacific neighbours as the country braces for an economic slowdown
 "Australia to raise spending to boost slowing economy amid inflation")
Caught in global maelstrom, rupee, govt bonds likely to weaken further
The key factors that have wreaked havoc on fixed-income and currency markets are the Russian invasion of Ukraine and the US Fed's decision to embark upon the most aggressive monetary tightening cycle
 "Caught in global maelstrom, rupee, govt bonds likely to weaken further")
Weak global growth, high inflation may impact energy demand, says RIL
Company sees oil demand averaging 99.6 million barrels a day, up 1.9 per cent versus a year ago....
 "Weak global growth, high inflation may impact energy demand, says RIL")
Inflation, unemployment key issues for people in Himachal, says Congress
The Congress has accused the BJP of "double standards" on the issue of dynastic politics in Himachal and said sons of some BJP leaders have been given tickets for the assembly polls in the state
 "Inflation, unemployment key issues for people in Himachal, says Congress")
Economic recovery strong, but inflation fears persist: Finance ministry
The monthly economic report stated that rupee depreciated by 5.4% against the dollar in the first six months of FY23, less than the depreciation of 8.9% of six major currencies in the DXY Index
 "Economic recovery strong, but inflation fears persist: Finance ministry")
Japan's core consumer prices hit 8-year high, rise 3% YoY in Sep
Core consumer prices in Japan rose 3 per cent in September to a fresh eight-year high from a year earlier, the government said in a report
 "Japan's core consumer prices hit 8-year high, rise 3% YoY in Sep")
Sri Lanka's consumer inflation hits record 73.7% in September
Annual food price inflation picked up to 85.8 per cent from 84.6 per cent in August, while prices of non-food items rose 62.8 per cent.
 "Sri Lanka's consumer inflation hits record 73.7% in September")
Global shares mostly fall as investors watch for inflation, China's meet
Global shares were mostly lower on Friday in muted trading, as investors kept an eye on inflation and awaited the outcome of a Communist Party congress in China
 "Global shares mostly fall as investors watch for inflation, China's meet")
Crypto weekly wrap: Experts see Bitcoin at 19,600, Ethereum at 1,300 soon
After the release of the UK's inflation data showing inflation for September at 10.1 per cent, the crypto markets plunged
 "Crypto weekly wrap: Experts see Bitcoin at 19,600, Ethereum at 1,300 soon")
RBI should focus on softening core inflation: MPC's Shashanka Bhide
"As far as monetary policy is concerned, moderation in the core inflation should be the priority," Shashanka Bhide, an external member of the Reserve Bank of India's monetary policy committee, said
 "RBI should focus on softening core inflation: MPC's Shashanka Bhide")
French FM Le Maire aims for annual inflation at 5% in early 2024: Report
French Finance Minister Bruno Le Maire has said that he aims to bring down the country's annual inflation rate to 5 per cent by the beginning of 2023
 "French FM Le Maire aims for annual inflation at 5% in early 2024: Report")
Oil near flat as inflation concerns contend with China's quarantine ease
Oil prices were near flat on Friday, as market participants weighed concerns about steep inflation with optimism that China could see energy demand tick up
 "Oil near flat as inflation concerns contend with China's quarantine ease")
HUL Q2 preview: Revenue may climb up to 21% YoY in Q2FY23, say analysts
HUL Q2 preview: Analysts expect the cost inflation in palm prices and packaging material to dent the FMCG major's margin picture in Q2-FY23
 "HUL Q2 preview: Revenue may climb up to 21% YoY in Q2FY23, say analysts")
Sensex rises 96 pts after range-bound trade; Pvt banks weak, IT strong
CLOSING BELL: Meanwhile, the rupee will fall further against the US dollar over the rest of the year, a Reuters poll showed. It slipped to a record low of 83.21 today, and ended at 82.75/$
 "Sensex rises 96 pts after range-bound trade; Pvt banks weak, IT strong")
Cash-for-gold lender Muthoot Finance joins trend shunning new dollar debt
Muthoot Finance Ltd. is extending a trend in emerging Asia that's dragged down bond issuance in the US currency to its lowest since 2015
 "Cash-for-gold lender Muthoot Finance joins trend shunning new dollar debt")
Japan's trade deficit balloons for 14th month on energy costs, cheap yen
Japan marked a trade deficit for the 14th month in a row, with exports and imports ballooning to record highs, as the declining value of the yen added to the soaring costs of imported goods
 "Japan's trade deficit balloons for 14th month on energy costs, cheap yen")
Sinking in polls, Japanese leader renews unorthodox inflation bet
Japanese leader Fumio Kishida has seen his approval rating plummet of late along with the yen. But he's sticking with his world-defying bet on loose monetary policy even as voter dissatisfaction grows
 "Sinking in polls, Japanese leader renews unorthodox inflation bet")
Global economy facing disruptions, India can't be decoupled: Rakesh Mohan
Country has to tailor its actions in response to international crises, says economist and former deputy governor of RBI
 "Global economy facing disruptions, India can't be decoupled: Rakesh Mohan")
Inflation to fall below 6% next year amid RBI rate hikes: Ashima Goyal
RBI MPC member Ashima Goyal said that the efforts of the Reserve Bank to contain price rise by increasing interest rates will help in containing inflation, which is likely to fall below 6 next year
 "Inflation to fall below 6% next year amid RBI rate hikes: Ashima Goyal")
