Page 5 - Latest Updates on Inflation
Inflation not bothering BJP as big industrialists belong to them: Akhilesh
"LIC has lost its money, State Bank has lost its money. Today, citizens want to know if legal actions will be taken against the accused," questioned the SP chief
 "Inflation not bothering BJP as big industrialists belong to them: Akhilesh")
A suggestion to the IMF on inflation
Standard policies towards inflation have not helped. It is important to think out of the box
Sensex up 415 pts, ends above 60K; Nifty tops 17,700; IT, auto stocks rally
CLOSING BELL: Tata Motors, NTPC, Power Grid, Infosys, Bajaj Finserv, Asian Paints, RIL, ITC, HDFC, Wipro, TCS, Axis Bank, HUL, and HCL Tech were the top Sensex gainers today
 "Sensex up 415 pts, ends above 60K; Nifty tops 17,700; IT, auto stocks rally")
Asia's very complicated interest-rate pause and sticky inflation
All central banks assert they move independently from the Fed. In practice, they tend to replicate broad trends in American credit
 "Asia's very complicated interest-rate pause and sticky inflation")
Sales of consumer products pick up marginally as inflation cools
CEOs optimistic about coming months as govt's mega capex drive gains pace
 "Sales of consumer products pick up marginally as inflation cools")
Inflation slows down packaged tea consumption growth, rural impact bigger
Tea drinkers forced to downgrade to lower qualities of beverage; consumption also impacted by rising milk prices
 "Inflation slows down packaged tea consumption growth, rural impact bigger")
Pakistan hikes policy rate by 300 basis points amid rising inflation
The State Bank of Pakistan (SBP) has decided to increase policy rate by 300 basis points to 20 per cent amid rising inflation
 "Pakistan hikes policy rate by 300 basis points amid rising inflation")
Major central banks return to rate hikes to fight inflation in February
Policy makers in Australia, Sweden, New Zealand and Britain joined the U.S. Federal Reserve and the European Central Bank in lifting key lending rates by a total of 250 basis points (bps)
 "Major central banks return to rate hikes to fight inflation in February")
Pakistan raises key rate by 300 bps, slaps Rs 3.23 power surcharge
Rate now highest in 26 years; currency falls to record low, $ bonds slump
 "Pakistan raises key rate by 300 bps, slaps Rs 3.23 power surcharge")
Pakistan's CPI jumps 31.5%, retail inflation highest in 49 years
Pakistan's annual inflation, measured by the Consumer Price Index (CPI), soared to a record high of 31.55 per cent in February, compared to 27.6 per cent in the previous month
 "Pakistan's CPI jumps 31.5%, retail inflation highest in 49 years")
Farm sector to grow 3.7% in Oct-Dec on kharif output: 2nd advance estimates
At current prices, the growth in the third quarter of this financial year is projected at 8.6 per cent, which is almost at the same level in the corresponding quarter of FY22
 "Farm sector to grow 3.7% in Oct-Dec on kharif output: 2nd advance estimates")
Sensex, Nifty post eighth straight fall in longest losing streak in 4 years
Indices down 4% in eight sessions; rising inflation data in Europe sees bond yields soar, putting pressure on global equities
 "Sensex, Nifty post eighth straight fall in longest losing streak in 4 years")
India Inc's profit margin narrows in Dec quarter on high inflation: Icra
When viewed sequentially, the operating profit margin for the December quarter expanded by 1.80 per cent over the preceding September quarter, Icra Ratings said
 "India Inc's profit margin narrows in Dec quarter on high inflation: Icra")
Central banks, including RBI, may raise interest rates to combat inflation
ECB President Christine Lagarde has already said the bank till hike rates, if needed
 "Central banks, including RBI, may raise interest rates to combat inflation")
US GDP revised lower on weaker consumer spending in fourth quarter
Inflation-adjusted gross domestic product (GDP) increased at a 2.7 per cent annualised rate during the period, Commerce Department data showed
 "US GDP revised lower on weaker consumer spending in fourth quarter")
From Ukraine war to inflation, global headwinds take a toll on FDI inflows
According to the official, as far as 2022 is concerned, there has been a 4 per cent increase in FDI inflows
 "From Ukraine war to inflation, global headwinds take a toll on FDI inflows")
Crypto wrap: January Fed meet minutes pull Bitcoin back from six-month high
The minutes, released on Wednesday, said that the members believe "ongoing" rate hikes will be necessary
 "Crypto wrap: January Fed meet minutes pull Bitcoin back from six-month high")
Top headlines: Punit Goenka moves NCLAT for relief, 1 year of Ukraine war
Business Standard brings you the top headlines at this hour
 "Top headlines: Punit Goenka moves NCLAT for relief, 1 year of Ukraine war")
El Nino risk for inflation, farm output in India: Finance ministry
IMD predicts above-normal temperatures this year
 "El Nino risk for inflation, farm output in India: Finance ministry")
Further tightening could push growth down to 5%: MPC member Ashima Goyal
Continuing to raise nominal repo rates until core inflation falls could imply an overshooting or excess tightening of real rates, says the MPC member in an interview with Business Standard
 "Further tightening could push growth down to 5%: MPC member Ashima Goyal")
