Page 34 - Latest Updates on Inflation
Centre is playing 'CBI-ED'; busy toppling govts, tweets CM Kejriwal
"Who do people talk to about their issues and whom should they go to? How will the nation progress like this?" he said in a tweet in Hindi
 "Centre is playing 'CBI-ED'; busy toppling govts, tweets CM Kejriwal")
Retail inflation for farm, rural workers rises to 6.6%, 6.82% in July
Retail inflation for farm and rural workers increased to 6.60 per cent and 6.82 per cent, respectively, in July mainly due to higher prices of certain food items
 "Retail inflation for farm, rural workers rises to 6.6%, 6.82% in July")
MPC minutes suggest further repo rate hikes to tackle rising inflation
Sequence of policy measures is expected to anchor inflation expectations, said Das
 "MPC minutes suggest further repo rate hikes to tackle rising inflation")
Finance ministry expects rural demand to recover as inflation softens
India's headline retail inflation for July came in at a five-month low of 6.71%, helped by easing global commodity prices and lower food prices domestically
 "Finance ministry expects rural demand to recover as inflation softens")
India better placed on growth-inflation-external balance triangle: FinMin
FinMin review said in absence of further shocks, downward movement of global commodity prices along with RBI's monetary measures and govt's fiscal policies are expected to cap inflationary pressure
 "India better placed on growth-inflation-external balance triangle: FinMin")
Retail Inflation 'unacceptably and uncomfortably' high: RBI Governor at MPC
Das, according to the minutes of the MPC meeting released on Friday, said retail inflation was "unacceptably and uncomfortably" high, as he along with other members proposed a 50 basis points hike
 "Retail Inflation 'unacceptably and uncomfortably' high: RBI Governor at MPC")
Turkish lira tumbles by 1% as central bank cuts key interest rate
Turkish consumers already struggle with high inflation and spiralling energy and food prices
 "Turkish lira tumbles by 1% as central bank cuts key interest rate")
RBI report projects retail inflation within tolerance band by Q1FY24
Says persistent high inflation needs policy response
 "RBI report projects retail inflation within tolerance band by Q1FY24")
Cereal inflation likely to offset disinflationary forces, say experts
There is a possibility of a 10-15-million tonne drop in kharif rice production due to drought in several major growing states in eastern India
 "Cereal inflation likely to offset disinflationary forces, say experts")
Elevated inflation warrants appropriate policy response, says RBI article
Inflation is persistently at elevated levels that warrants appropriate policy responses to anchor expectations going forward, said an RBI article published on Thursday.
 "Elevated inflation warrants appropriate policy response, says RBI article")
Global stocks lower after FOMC's July minutes suggest US inflation too high
Global stock markets and Wall Street futures mostly declined on Thursday after the Federal Reserve said US inflation is too high despite aggressive rate hikes, suggesting support for more increases
 "Global stocks lower after FOMC's July minutes suggest US inflation too high")
Sensex ends 352 pts off day's lows, rises 38 pts; L&T, Airtel top gainers
CLOSING BELL: The recovery was led by Kotak Bank (up 4 per cent), L&T, Bharti Airtel, SBI, HDFC Bank, HDFC, and ITC
 "Sensex ends 352 pts off day's lows, rises 38 pts; L&T, Airtel top gainers")
Inflation not impacting phone sales revenue; 50k bookings in a day: Samsung
Samsung feels the ongoing worries on inflation are unlikely to dent mobile phones business in India, adding that it sees a healthy double-digit growth in its revenues this year
 "Inflation not impacting phone sales revenue; 50k bookings in a day: Samsung")
UK inflation hits double digits in July for the first time in 40 years
The Consumer Prices Index rose 10.1% in July in the UK from a year earlier after a 9.4% gain the month before
 "UK inflation hits double digits in July for the first time in 40 years")
At 10.1%, Britain's inflation hits 40-year high as food prices soar
According to ONS, annual inflation for essential food items is now running at 12.7%, up from 9.8% in June, fuelled largely by price rises for basics such as bread, milk, cheese and eggs
 "At 10.1%, Britain's inflation hits 40-year high as food prices soar")
Volatile cotton prices, weak domestic demand hurt Gujarat's denim industry
Most MSMEs running at 60 per cent capacity as high input prices have also made exports costlier
 "Volatile cotton prices, weak domestic demand hurt Gujarat's denim industry")
Inflation: Things might get 'better' towards Sept-end, says SBI chairman
He said the supply side constraints getting addressed and crude oil prices trending low will help ease the situation
India's July WPI inflation eases to 13.93% as food, fuel prices decline
Wholesale Price Index-based (WPI) inflation was 15.18 per cent last month and at a record high of 16.63 per cent in May. It was 11.57 per cent in July 2021
 "India's July WPI inflation eases to 13.93% as food, fuel prices decline")
Inflation: Things might get 'better' towards Sept-end, says SBI Chairman
State Bank of India's (SBI) Chairman Dinesh Khara on Tuesday said that things might get "better" on the inflation front towards the end of September.
 "Inflation: Things might get 'better' towards Sept-end, says SBI Chairman")
WPI inflation eases to 5-month low of 13.93% in July; food prices soften
India's wholesale price inflation in July eased to lowest in five months at 13.93 per cent against 15.18 per cent in June
 "WPI inflation eases to 5-month low of 13.93% in July; food prices soften")
