Page 43 - Latest Updates on Inflation
South Korea to increase tariff-free import items to counter inflation
The government had lifted import duties on 26 major industry and food items, such as cooking oil, pork and liquified natural gas (LNG), earlier this year
 "South Korea to increase tariff-free import items to counter inflation")
Trading volumes to soar in H2 as investors regain confidence: Roop Bhootra
Margin will remain under pressure in Q2, as investors might take time to regain confidence. However, we expect a turnaround in sentiments by Q4-FY23, says CEO - Investment Services of Anand Rathi
 "Trading volumes to soar in H2 as investors regain confidence: Roop Bhootra")
Inflation pushed 71 million people into poverty since Ukraine war
A staggering 71 million more people around the world are experiencing poverty as a result of soaring food and energy prices that climbed in the weeks following Russia's invasion of Ukraine
 "Inflation pushed 71 million people into poverty since Ukraine war")
Nifty regains 16K mark amid easing inflation worries; Sensex up 427 points
Indices end at highest level in nearly a month
 "Nifty regains 16K mark amid easing inflation worries; Sensex up 427 points")
Recession is the best time to invest; put money now: Trideep Bhattacharya
The first six to nine months of this year (till July or August) will see more volatility, and money making would be difficult, says the CIO-Equities of Edewleiss AMC
 "Recession is the best time to invest; put money now: Trideep Bhattacharya")
Navigating India's soft landing
Unless the geopolitical situation worsens considerably, chances of a soft landing are higher in India than in the US
 "Navigating India's soft landing")
Over 6 mn Sri Lankans face food insecurity due to record inflation: UN body
Some 6.26 million Sri Lankans, or three in 10 households, are unsure of where their next meal is coming from, according to the latest food insecurity assessment from the World Food Programme (WFP)
 "Over 6 mn Sri Lankans face food insecurity due to record inflation: UN body")
What RBI's letter to govt on missing inflation target is likely to contain
Failure to keep inflation between 2-6% for three straight quarters will require RBI Governor to explain to FinMin why target was missed, and steps MPC will take to achieve it going forward
 "What RBI's letter to govt on missing inflation target is likely to contain")
Inflation targeting
It should be followed and communicated properly
 "Inflation targeting")
Inflation in South Korea rises to 24-yr high amid soaring energy costs
South Korea's consumer prices rose at the fastest clip in nearly 24 years in June, mainly due to soaring energy costs, government data revealed on Tuesday
 "Inflation in South Korea rises to 24-yr high amid soaring energy costs")
Asian stocks inch higher; growth, inflation fears keep buyers at bay
MSCI's gauge of Asia Pacific stocks outside Japan was up 0.3%, having erased part of the early morning gains
 "Asian stocks inch higher; growth, inflation fears keep buyers at bay")
Centre committed to meeting FY23 fiscal deficit target: Official
Says macroeconomic fundamentals and forex reserves are robust enough to deal with current geo-political challenges
 "Centre committed to meeting FY23 fiscal deficit target: Official")
No respite for manufacturers as inflation continues to weigh on the economy
As India's business optimism slid to a 27-month low of 50.9, economists say they do not see a respite for manufacturers from cost inflation in the near term
 "No respite for manufacturers as inflation continues to weigh on the economy")
In a first, RBI governor to write to FinMin if inflation target missed
Inflation, as measured by the consumer price index (CPI), has remained above 6 per cent, the upper limit of the tolerance band, since January this year
 "In a first, RBI governor to write to FinMin if inflation target missed")
Statsguru: Six charts explain falling rupee and how it impacts the economy
The Reserve Bank of India has been defending the rupee and has lost a significant amount of foreign exchange reserves
 "Statsguru: Six charts explain falling rupee and how it impacts the economy")
Euro-zone inflation hits record 8.6%, boosting case for big hikes
Driven once more by soaring food and energy costs, consumer prices jumped 8.6 per cent from a year earlier in June - up from 8.1 per cent in May
 "Euro-zone inflation hits record 8.6%, boosting case for big hikes")
Top headlines: Gold import duty raised to 15%, GST receipts up 56% in June
India's factory output expanded at its slowest pace in nine months in June. More on that in our top headlines
 "Top headlines: Gold import duty raised to 15%, GST receipts up 56% in June")
Global factory growth feeble in June, feeding economic recession fears
Between central banks digging their heels in to counter inflation and growing fears there is absolutely no path to a soft landing for the global economy, there are few, if any, places to hide
 "Global factory growth feeble in June, feeding economic recession fears")
PMI Manufacturing: June factory growth at 9-month low as inflation bites
While the Manufacturing Purchasing Managers' Index remained resilient, it fell to a nine-month low of 53.9 in June from May's 54.6
 "PMI Manufacturing: June factory growth at 9-month low as inflation bites")
Inflation to exceed official target ceiling in 2022: Brazil's central bank
For 2022, the official inflation target was set at 3.5 per cent, with a margin of tolerance of 1.5 percentage points
 "Inflation to exceed official target ceiling in 2022: Brazil's central bank")
