Page 50 - Latest Updates on Inflation
Rising tomato prices: Next big risk to India's fight against inflation?
The average retail price of tomatoes in India has jumped 70% from a month ago and 168% from a year earlier to Rs 53.75 a kilogram as of Tuesday
 "Rising tomato prices: Next big risk to India's fight against inflation?")
India's FMCG sector grows at 6% in Q4; volumes contract on low consumption
The overall volume degrowth in India's FMCG sector was spread across categories, but the extent was significantly higher in non-food compared to food
 "India's FMCG sector grows at 6% in Q4; volumes contract on low consumption")
Manufacturing PMI steadies in May on increased orders despite inflation
PMI manufacturing was recorded at 54.6 in May, a minor change from 54.7 in April
 "Manufacturing PMI steadies in May on increased orders despite inflation")
Limited downside in markets provided inflation remains in check: Analysts
Peaking of inflation, analysts believe, could put a cap on bond yields and a floor on equity valuations
 "Limited downside in markets provided inflation remains in check: Analysts")
How RBI missed the inflation surge
The RBI did most of the heavy-lifting in the initial phase of the pandemic but was slow in unwinding the policy accommodation as economic reality changed
Pakistan inflation climbs to 13.8% in May on rising food and fuel prices
Food prices surged 17.3%, while transport costs surged 31.8%, the data showed
 "Pakistan inflation climbs to 13.8% in May on rising food and fuel prices")
Germany's Scholz seeks broad alliance with unions to curb inflation
These price increases are probably still down to one-time shocks, but we must take care that this doesn't turn into a long-term development with excessive inflation rates, Scholz told
 "Germany's Scholz seeks broad alliance with unions to curb inflation")
Q4 GDP numbers a positive surprise with growth coming in at 4.1%
The implicit inflation in FY22 works out at 10 per cent, with the nominal GDP growth at 19.5 per cent
 "Q4 GDP numbers a positive surprise with growth coming in at 4.1%")
Euro zone inflation hits new record, adding to case for big ECB rate hikes
Energy prices jumped 39.2%, highlighting how the war and the accompanying global energy crunch are making life more expensive for the eurozone's 343 million people
 "Euro zone inflation hits new record, adding to case for big ECB rate hikes")
Sri Lanka inflation jumps close to 40% in May as shortages persist
Food inflation surged 57.4%, while prices of non-food items jumped 30.6%, the data showed
 "Sri Lanka inflation jumps close to 40% in May as shortages persist")
India is better placed than others to face inflation, says CEA Nageswaran
Stagflation is the phase when an economy faces moderation in GDP growth as well as high inflation
 "India is better placed than others to face inflation, says CEA Nageswaran")
Wall Street analysts think any stock market rally will be short-lived
An analyst thinks earnings estimates remain too high and sees the S&P 500 trading close to 3,400 by the end of the second-quarter earnings season in mid-August
 "Wall Street analysts think any stock market rally will be short-lived")
Wall Street mixed amid inflation fears; Powell-Biden talks in focus
Energy outperformed with a 1.1% gain as Brent crude climbed above $120 a barrel
 "Wall Street mixed amid inflation fears; Powell-Biden talks in focus")
Registration of properties in Mumbai city up 78% in May at 9,523 units
Shishir Baijal, Chairman & Managing Director, Knight Frank India said the real estate market in Mumbai held steady despite the pressures of inflation, rising input costs and rise in stamp duty.
 "Registration of properties in Mumbai city up 78% in May at 9,523 units")
Gold set for monthly loss as US Treasury yields, dollar strengthen
The U.S. dollar strengthened following hawkish comments by a senior Federal Reserve official causing gold to retreat, Ricardo Evangelista, senior analyst at ActivTrades said in a note.
 "Gold set for monthly loss as US Treasury yields, dollar strengthen")
Rising inflation has led to marked slowdown in growth rates: HUL Chairman
HUL also said that notwithstanding these near-term challenges, the Indian FMCG sector offers significant potential for growth
 "Rising inflation has led to marked slowdown in growth rates: HUL Chairman")
Inflation fight, monsoon may take pressure off RBI: Former deputy governor
The govt's recent $26-bn fiscal package, which includes tax cuts and subsidies, as well as the RBI's rate increase earlier this month, should be able to cool inflation to 6%, says R Gandhi
 "Inflation fight, monsoon may take pressure off RBI: Former deputy governor")
US Federal Reserve won't flinch as labour market starts tailing off
US Fed will take the data in stride as it prepares to keep boosting interest rates and wait for a more-sustained cooling in job growth to help moderate wage gains and inflation
 "US Federal Reserve won't flinch as labour market starts tailing off")
UK household support package to have 'minimal impact' on inflation: Sunak
Sunak said on Thursday high inflation was now causing "acute distress".
 "UK household support package to have 'minimal impact' on inflation: Sunak")
Strong demand powers Indian economy past record inflation, for now
The activity backed by stronger new orders was accompanied by a bump in output prices as producers started passing on high raw material costs to consumers
 "Strong demand powers Indian economy past record inflation, for now")
