Page 52 - Latest Updates on Inflation
Statsguru: From food to fuel, here's how rising prices are affecting us
In April, the wholesale food price index rose 8.9 per cent, while the consumer food price index rose 8.4 per cent
 "Statsguru: From food to fuel, here's how rising prices are affecting us")
FMCG, paint companies feel the pain as rupee slides to an all-time low
The rupee's free fall comes at a time when FMCG and paint companies have been battling higher raw material costs for over a year, and have been forced to go for multiple rounds of price hikes
 "FMCG, paint companies feel the pain as rupee slides to an all-time low")
Fuel duty cuts likely to help ease retail inflation by up to 25 bps
But experts call for other fiscal measures too to bring inflation down
 "Fuel duty cuts likely to help ease retail inflation by up to 25 bps")
Markets will be in consolidation mode for some time: Manish Gunwani
From a two- to three-year perspective, the market looks reasonably rewarding after the recent correction.
 "Markets will be in consolidation mode for some time: Manish Gunwani")
Limited impact
Tax cuts will not lower inflation significantly
 "Limited impact")
Elevated levels of risk aversion akin to 2008 global meltdown: BofA survey
Covid-19 - which had ruled the charts as the biggest risk between 2020 and 2021 - has slipped down the pecking order, with only a net 1 per cent of respondents seeing it as a threat
 "Elevated levels of risk aversion akin to 2008 global meltdown: BofA survey")
CNG price hiked by Rs 2 per kg; rates up by Rs 19.60/kg in two months
The price of CNG in the national capital on Saturday was hiked by Rs 2 per kg, the 13th increase in rates in just over two months.
 "CNG price hiked by Rs 2 per kg; rates up by Rs 19.60/kg in two months")
Inflation likely to hit 40% in a few months: Sri Lanka's central bank
Holds interest rates, says it will take at least six months to repay debts
 "Inflation likely to hit 40% in a few months: Sri Lanka's central bank")
New Zealand hands out extra cash to over 2 mn adults to fight inflation
The inflation payments of 350 New Zealand dollars ($220) over three months begin in August and are targeted at the half of all adults who earn less than 70,000 New Zealand dollars ($44,000) per year
 "New Zealand hands out extra cash to over 2 mn adults to fight inflation")
MPC members argued for front-loading rate hikes in view of inflation
External member Jayanth Varma said 100 bps rate hike required 'very soon'
 "MPC members argued for front-loading rate hikes in view of inflation")
UK inflation rate up 9% in 12 months; hits 40-yr high as energy bill soars
The ONS said the rise resulted in 12-month inflation rates of 53.5 per cent for electricity and 95.5 per cent for gas, compared with rates of 19.2 per cent and 28.3 per cent, respectively, in March
 "UK inflation rate up 9% in 12 months; hits 40-yr high as energy bill soars")
Canada's inflation hits 6.8% in April, highest since January 1991
Canada's consumer prices rose 6.8 per cent year-over-year in April, a slight increase from 6.7 per cent in March, Statistics Canada said.
 "Canada's inflation hits 6.8% in April, highest since January 1991")
Second half of FY23 is likely to see higher earnings growth: Swati Kulkarni
We can see a possible earnings growth revival in the automobile sector if the raw material pressure softens and semiconductor availability improves
 "Second half of FY23 is likely to see higher earnings growth: Swati Kulkarni")
S&P cuts India's growth forecast for FY23 to 7.3%, sees inflation at 6.3%
The rating agency assumes that the Russia-Ukraine conflict is more likely to drag on and escalate than end earlier, pushing the risks to the downside
 "S&P cuts India's growth forecast for FY23 to 7.3%, sees inflation at 6.3%")
Record inflation, unemployment under 'failed' governance of Centre: Pilot
Congress leader Sachin Pilot on Wednesday targeted the BJP-led government at the Centre over the issue of inflation, saying it is "looting" people's income.
 "Record inflation, unemployment under 'failed' governance of Centre: Pilot")
S&P cuts FY23 India growth forecast to 7.3% on inflation, Ukraine war
S&P Global Ratings on Wednesday cut India's growth projection for the current fiscal to 7.3 per cent from 7.8 per cent earlier on rising inflation and the longer-than-expected Russia-Ukraine conflict.
 "S&P cuts FY23 India growth forecast to 7.3% on inflation, Ukraine war")
How is 'shrinkflation' helping FMCG companies tide over rising input costs?
FMCG companies are struggling. They have now resorted to 'shrinkflation' to cope with the increased input cost, without passing on the price burden to consumers. Our next report tells more about it
 "How is 'shrinkflation' helping FMCG companies tide over rising input costs?")
Sri Lanka's shattered economy awaits new finance head and rate hike
Prime Minister Ranil Wickremesinghe, appointed last week, is expected to soon choose a finance minister, who will help lead talks with the International Monetary Fund over badly needed aid
 "Sri Lanka's shattered economy awaits new finance head and rate hike")
RBI's multiple battles
It should not defend currency to contain inflation
 "RBI's multiple battles")
BofA slashes Nifty target to 16k by Dec on inflation, rate hikes concerns
After scaling many new highs, Dalal Street ended the fiscal 2022 with a healthy 18 per cent gains, and ended calendar 2021 with a healthier 24 per cent gains.
 "BofA slashes Nifty target to 16k by Dec on inflation, rate hikes concerns")
