Page 23 - Latest Updates on Inflation
Inflation rate in Portugal accelerated to 9.3% in Sept, highest in 30 yrs
The inflation rate in Portugal accelerated to 9.3 per cent in September, the highest since October 1992, the National Statistics Institute said.
 "Inflation rate in Portugal accelerated to 9.3% in Sept, highest in 30 yrs")
India festival spending booms despite inflation worries, global slowdown
Online and offline sales during the Hindu festival period starting in the last week of September and lasting until early November are estimated to cross $27 billion
 "India festival spending booms despite inflation worries, global slowdown")
Worsening inflation in US will pressure Fed to keep raising interest rates
Inflation in the United States accelerated in September, with the cost of housing intensifying pressure on households and ensuring that the Federal Reserve will keep raising interest rates
 "Worsening inflation in US will pressure Fed to keep raising interest rates")
Sweden's inflation hits 9.7% during September; highest level in 30 years
Inflation keeps breaking records in Sweden, with the CPIF (Consumer Price Index with fixed interest rate) 12-month inflation hitting 9.7 per cent in September, the highest level in three decades
 "Sweden's inflation hits 9.7% during September; highest level in 30 years")
Act now to bring down inflation, safeguard financial stability: IMF Chief
The International Monetary Fund urged policy makers across the world to act now to bring down inflation, put in place responsible fiscal policy, and safeguard financial stability
 "Act now to bring down inflation, safeguard financial stability: IMF Chief")
Private bets shield big investors from inflation, spiraling interest rates
The big question now looming over giants from China's $1.2 trillion sovereign wealth fund to California's public pension, the largest in the US, is how long those private bets will remain insulated
 "Private bets shield big investors from inflation, spiraling interest rates")
Best of BS Opinion: Beyond inflation target, lessons from Maiden, and more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Beyond inflation target, lessons from Maiden, and more")
As MPC fails on CPI mandate, RBI's growth-inflation balance gets trickier
The central bank will now have to provide a report to the government explaining the reasons for the failure and the steps to be taken
India's inflation at 7.4%; What are inflation numbers in other countries?
Since the start of the Russia-Ukraine war in February, almost all the economies have been facing high inflation mainly driven by high commodity costs, and supply chain constraints
India's economy faces significant external headwinds, says IMF
Earlier this week, the Washington-based fund lowered India's growth forecast by 0.6 percentage points to 6.8% for the year ending March 2023 -- the biggest downgrade among major economies after the US
 "India's economy faces significant external headwinds, says IMF")
September CPI inflation at 7.41 per cent: How analysts interpret the number
Analysts at UBS expect headline CPI inflation to average 6.7 per cent YoY in FY23 and see RBI's policy outlook to be data dependent contingent on the Fed action
Macro policy for uncertain times
External storms are morphing into hurricanes. India is in a relatively better position than many other countries, but this period of heightened volatility will require agility and clarity on policy
 "Macro policy for uncertain times")
UK economy shrank in August, now on brink of recession: Report
Weakness in manufacturing and maintenance work in North Sea oil and gas fields contributed to a 0.3% fall in GDP from July, and the report also showed how a jump in inflation was hitting consumers
 "UK economy shrank in August, now on brink of recession: Report")
High food prices push retail inflation to 5-month high of 7.41% in Sept
IIP shrinks 0.8% in Aug - a first in 17 months
 "High food prices push retail inflation to 5-month high of 7.41% in Sept")
India's growth, external profile solid buffers against turbulence: S&P
More severe conditions could put pressure on its sovereign credit ratings, says agency
 "India's growth, external profile solid buffers against turbulence: S&P")
RBI to submit report on failure to tackle inflation for 3 qtrs since Jan
With inflation staying above the upper tolerance limit for nine months, the Reserve Bank will now have to submit a report to the central government detailing reasons for the failure to contain prices
 "RBI to submit report on failure to tackle inflation for 3 qtrs since Jan")
Top headlines: India's CPI inflation rises to 7.4%; Wipro Q2 net falls 9%
Business Standard brings you top news of the evening
 "Top headlines: India's CPI inflation rises to 7.4%; Wipro Q2 net falls 9%")
Auto, retail, BFSI favorable investment bets in Samvat 2079: Vinay Paharia
The fair value growth of the Nifty is expected to be healthy in the long run, driven by a strong economic growth outlook, says Paharia
 "Auto, retail, BFSI favorable investment bets in Samvat 2079: Vinay Paharia")
'Hurricane' of risks threatens emerging countries, says G20 chair
Emerging and developing nations face a "hurricane" of risks from rising energy costs and food insecurity, and any resilience some countries may have won't last long, the G20 chair said
 "'Hurricane' of risks threatens emerging countries, says G20 chair")
Opportune time to stock up on gold as global inflation surges, rupee falls
Low prices and the underlying demand for the yellow metal, coupled with high inflation are positives
 "Opportune time to stock up on gold as global inflation surges, rupee falls")
