Page 32 - Latest Updates on Inflation
Disappointing GDP data, weak global cues to weigh on market sentiments
Analysts said there are signs of the waning of the intensity of tailwind generated by economic reopening
 "Disappointing GDP data, weak global cues to weigh on market sentiments")
Farm sector clocks 4.5% growth in Q1 on robust rabi harvest, price rise
Growth at current prices which touched a high of 17.4 per cent mainly due to sharp spikes in almost all farm commodities in the first quarter of the 2022-23 financial year.
 "Farm sector clocks 4.5% growth in Q1 on robust rabi harvest, price rise")
Private consumption, capital investment rises in Q1, govt consumption slows
The GDP numbers, Finance Secretary T V Somanathan said this trend was par for the course, as GFCF in Q1 was usually lower than the previous year's Q4.
 "Private consumption, capital investment rises in Q1, govt consumption slows")
Q1 GDP growth misses estimates despite low base; govt spending subdued
13.5% expansion in June QTR despite low base; GVA at basic prices up 12.7%
 "Q1 GDP growth misses estimates despite low base; govt spending subdued")
Inflation hits 9.1% in countries using euro currency as fuel prices soar
Inflation in the European countries using the euro currency hit another record in August, fuelled by soaring energy prices mainly driven by Russia's war in Ukraine
 "Inflation hits 9.1% in countries using euro currency as fuel prices soar")
Shop price inflation in the UK rises to 5.1%, highest rate on record
Food price increases hit 9.3% with milk, margarine and crisps seeing the biggest rises
 "Shop price inflation in the UK rises to 5.1%, highest rate on record")
Commercial vehicle volumes to stay resilient as recovery takes hold in FY23
Margin pressures may continue on competitive pressures, input cost inflation
 "Commercial vehicle volumes to stay resilient as recovery takes hold in FY23")
Oil prices slide more than $7 on inflation concerns and Iraq exports
Investors will watch the meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known collectively as OPEC-plus, on Sept 5
 "Oil prices slide more than $7 on inflation concerns and Iraq exports")
Sri Lanka's economy continues to deteriorate, inflation rate spikes in July
The economic situation has continued to deteriorate in Sri Lanka, with the headline inflation rate spiking to another record high in July, World Food Programme (WFP) said on Tuesday
 "Sri Lanka's economy continues to deteriorate, inflation rate spikes in July")
Oil prices slip as inflation woes outweigh possible OPEC+ output cuts
IEA members nations could release more oil from strategic petroleum reserves (SPR) if they find it necessary when the current scheme expires, the head of the agency also said
 "Oil prices slip as inflation woes outweigh possible OPEC+ output cuts")
Sensex slides 861 pts, Nifty holds 17,300; RIL slips 1% post 45th AGM
CLOSING BELL: Mukesh Ambani laid out succession plan with Akash Ambani championing telecom, Isha Ambani controlling Retail, and Anant Ambani joining new-energy vertical
 "Sensex slides 861 pts, Nifty holds 17,300; RIL slips 1% post 45th AGM")
Powell's Jackson Hole speech leaves crypto investors in a tough spot
The total crypto market cap fell below $1 trillion after staying above it for over a month. Bitcoin fell below $20,000, and Ethereum slipped below $1,500
 "Powell's Jackson Hole speech leaves crypto investors in a tough spot")
Dollar hits 20-year high as Fed flags higher rates for longer period
The U.S dollar surged to a 20-year high against a basket of currencies on Monday after Federal Reserve Chair Jerome Powell signaled interest rates would be kept higher for longer
 "Dollar hits 20-year high as Fed flags higher rates for longer period")
'Inflation fever' finally breaking but central banks won't stop rate hikes
As economic growth slows, prices for key raw materials - from oil to copper and wheat - have cooled in recent weeks, taking pressure off the cost of manufactured goods and food
 "'Inflation fever' finally breaking but central banks won't stop rate hikes")
Indian markets may feel the pinch of Fed chief's hawkish comments: Experts
Last week, the Sensex and the Nifty shed over 1 per cent but were still up nearly 15 per cent from their June lows
 "Indian markets may feel the pinch of Fed chief's hawkish comments: Experts")
Indian equities likely to remain volatile after US Fed chair's speech
On Friday, Fed chair Jerome Powell signaled the US central bank is likely to keep hiking interest rates and keep them elevated to tame inflation.
 "Indian equities likely to remain volatile after US Fed chair's speech")
US Fed chief Powell talks tough, warns of 'unusually high' rate hikes
Inflation is now their chief concern, and Powell's remarks at the symposium, hosted by the Kansas City Fed, set a tone likely to register on global markets
 "US Fed chief Powell talks tough, warns of 'unusually high' rate hikes")
Not convinced of durable fall in inflation: RBI Deputy Guv Michael Patra
CPI inflation was at 6.7% in July, the first time in four months that the price gauge fell below 7%
 "Not convinced of durable fall in inflation: RBI Deputy Guv Michael Patra")
Oil prices dip after US Fed chair Powell warns of economic pain ahead
Brent crude futures fell 1 cent to $99.33 a barrel by 1:13 p.m. EDT (1713 GMT). U.S. West Texas Intermediate (WTI) crude futures fell 33 cents to $92.19 a barrel.
 "Oil prices dip after US Fed chair Powell warns of economic pain ahead")
Rupee rises by 8 paise to 79.84 on weak dollar ahead of Fed chair speech
However, higher crude prices in the international markets restricted the rupee's gain, forex dealers said.
 "Rupee rises by 8 paise to 79.84 on weak dollar ahead of Fed chair speech")
