Page 42 - Latest Updates on Inflation
Rupee ends at new low as global risk fears spur rush to safe-haven dollar
The rupee has already lost 0.5% to the greenback this week, taking the depreciation for 2022 so far to 6.7%
 "Rupee ends at new low as global risk fears spur rush to safe-haven dollar")
UK economy unexpectedly jumps in May as doctors and travel agents get busy
Britain's new finance minister, Nadhim Zahawi, welcomed the signs of growth but said there was no room for complacency
 "UK economy unexpectedly jumps in May as doctors and travel agents get busy")
Nomura cuts 2023 India GDP forecast to 4.7% amid recession fears
Despite the government's recent fiscal steps to counter inflation, Nomura believes, there are upside risks to inflation from the continued pass-through of higher input costs
 "Nomura cuts 2023 India GDP forecast to 4.7% amid recession fears")
Gasoline, food drive US inflation to four-decade high of 9.1% in June
This should keep the Federal Reserve on track for another big interest-rate hike later this month
 "Gasoline, food drive US inflation to four-decade high of 9.1% in June")
Low growth and high inflation expected this year: N Chandrasekaran
The World Bank last month cut India's economic growth forecast for the current fiscal to 7.5 per cent owing to rising inflation, supply chain disruptions and geopolitical tensions
 "Low growth and high inflation expected this year: N Chandrasekaran")
Inflation in India to be about 5% by March 23, reveals SBI report
The State Bank of India (SBI) expects the inflation in India to be about five per cent by March 23
 "Inflation in India to be about 5% by March 23, reveals SBI report")
Economists see waning urgency for India's RBI to go for large hikes
Citigroup Inc. economists expect a 35 basis-point increase in borrowing costs at the Reserve Bank of India's next Monetary Policy Committee meeting in August, a move also predicted by Barclays Plc
 "Economists see waning urgency for India's RBI to go for large hikes")
The recent correction has removed froth in the broader market: C J George
India will be the fastest growing large economy in the world. Our corporate profit to GDP is on a steady uptrend. Therefore, India will outperform
 "The recent correction has removed froth in the broader market: C J George")
Govt's targeted steps minimised impact of inflation-led prices on poor: FM
Quotes UNDP report on cost of living crisis in developing countries, says inflation, supply chain disruptions, Ukraine war will push zero per cent of India's population below poverty line
 "Govt's targeted steps minimised impact of inflation-led prices on poor: FM")
Pointed attack on inflation will need to continue, says FM Sitharaman
Her remarks came hours after official data showed that retail inflation in June stood at 7.01%. The print was lower than 7.04% recorded in May but still higher than RBI's comfort level of 6%.
 "Pointed attack on inflation will need to continue, says FM Sitharaman")
India's high inflation to stick for longer, rates to rise more: Poll
One of the later entrants in the current round of global monetary policy tightening, the Reserve Bank of India raised its repo rate by a total of 90 basis points in May and June
 "India's high inflation to stick for longer, rates to rise more: Poll")
Understanding inflation in the US
Lessons from economics and history need to be applied appropriately by the public authorities to the changing situations
Q1 results preview: Strong order book booster for infra, cap goods firms
Sequentially, numbers likely to decline, since June quarter is seasonally weak
 "Q1 results preview: Strong order book booster for infra, cap goods firms")
Almost 4.5 million UK families are under serious financial difficulties
Of those in serious financial difficulty, 71% have reduced the quality of food they eat, 36% have sold or pawned possessions and 27% have canceled or not renewed insurance
 "Almost 4.5 million UK families are under serious financial difficulties")
India's retail inflation likely held steady just above 7% in June: Poll
The July 4-8 Reuters poll of 42 economists showed inflation as measured by the consumer price index (CPI) was steady at an annual 7.03% in June, versus 7.04% in May
 "India's retail inflation likely held steady just above 7% in June: Poll")
Top Headlines: PSBs shareholding cap, growth of top firms, and more
The central government is seeking to remove the 10 per cent shareholding cap for individuals in public sector banks (PSBs). Read more in our top headlines
 "Top Headlines: PSBs shareholding cap, growth of top firms, and more")
India can reach 8% sustained growth: Ex-NITI Aayog vice-chairman Panagariya
'I fully support the capex push. I do not believe in sector specific interventions', said Panagariya
 "India can reach 8% sustained growth: Ex-NITI Aayog vice-chairman Panagariya")
Inflation may ease gradually in 2nd half of fiscal, says RBI Governor Das
Inflation is a measure of the trust and confidence that the public reposes in the economic institutions of the country, Das said while speaking at the inaugural Kautilya Economic Conclave
 "Inflation may ease gradually in 2nd half of fiscal, says RBI Governor Das")
A major recession in developed countries is unlikely: AIIB chief economist
We will have inflation at an elevated level for some time, says AIIB chief economist Erik Berglof
 "A major recession in developed countries is unlikely: AIIB chief economist")
RBI allows more FPI access to Indian bonds, but returns may not lure flows
Treasury officials believe the move may not work as rising interest rates abroad and high domestic inflation have eroded returns from Indian fixed-income assets
 "RBI allows more FPI access to Indian bonds, but returns may not lure flows")
