Page 58 - Latest Updates on Inflation
Congress to carry out massive protest in Karnataka on price rise
The Congress has charged that the prices of essential commodities such as petrol, diesel, CNG, LPG, building materials and chemical fertilizers have gone up causing severe hardship for the common man.
 "Congress to carry out massive protest in Karnataka on price rise")
Food prices likely pushed India inflation to 16-mth high in March: Poll
The full effect of the spike in crude oil and global energy prices following Russia's invasion of Ukraine in late February is not expected to appear in consumer prices until April
 "Food prices likely pushed India inflation to 16-mth high in March: Poll")
Inflation hedges are getting harder for individual investors to find
If U.S. policy makers follow through on their aggressive tightening rhetoric, we could be in for some testing times
 "Inflation hedges are getting harder for individual investors to find")
Price hikes slow down FMCG sales growth in March quarter, shows data
We are, however, seeing an immediate slowdown in sales at urban areas as rural consumers buy smaller packs more frequently: Bizom
 "Price hikes slow down FMCG sales growth in March quarter, shows data")
Inflation expectation, consumer confidence rise, says RBI survey
'For a majority of population and age groups, uncertainty in inflation expectations increased for both three-month and one-year horizons, as compared to the previous survey round' the RBI said
 "Inflation expectation, consumer confidence rise, says RBI survey")
Govt grinding common man in millstone of inflation, unemployment: Cong
The Congress leader said this is very serious and is nothing more than this kind of a kick in the solar plexus of the common man
 "Govt grinding common man in millstone of inflation, unemployment: Cong")
Monetary policy: RBI shifts gaze to inflation from growth after 2 years
Sets stage for rate hikes after June policy amid high oil prices, yields
 "Monetary policy: RBI shifts gaze to inflation from growth after 2 years")
Policy review pragmatic, indicates RBI's concerns on inflation: Bankers
Industry lobby grouping Indian Bank Association's chairman and state-run Punjab National Bank's chief executive and managing director A K Goel sad the moves indicate RBI's "concern on prices"
 "Policy review pragmatic, indicates RBI's concerns on inflation: Bankers")
Dollar riding high after index hits 100 for first time in nearly two years
The dollar index rose as high as 100 in early European trading hours, its best level since May 2020. It later lost some momentum and was last broadly flat at 99.844.
 "Dollar riding high after index hits 100 for first time in nearly two years")
Gold subdued as US interest rate hike expectations dent appeal
Gold is highly sensitive to rising U.S. interest rates and Treasury yield, which increase the opportunity cost of holding the non-yielding bullion, while boosting the greenback in which it is priced
 "Gold subdued as US interest rate hike expectations dent appeal")
Sensex snaps 3-day losing run on RBI policy, rises 412pts up; yields up 2%
CLOSING BELL: The RBI also announced revised inflation and GDP growth forecasts in-line with market expectations
 "Sensex snaps 3-day losing run on RBI policy, rises 412pts up; yields up 2%")
RBI monetary policy signals change in stance for June 2022
Next RBI monetary policy stance likely to be followed by shallow rate hike cycle, with the repo rate being increased by 25 bps each in August and September 2022.
 "RBI monetary policy signals change in stance for June 2022")
RBI policy highlights: Prioritising inflation over growth, says Das
RBI Monetary policy updates: As expected by market participants, RBI retained status quo on key interest rates. Governor Shaktikanta Das said. "Approach needs to cautious, but proactive". Stay tu
 "RBI policy highlights: Prioritising inflation over growth, says Das")
RBI revises inflation and growth forecasts; holds policy rates
In its first monetary policy announcement of 2022-23, the RBI projected inflation to be at 5.7 per cent this financial year. Real GDP growth for the year estimated at 7.2 per cent
 "RBI revises inflation and growth forecasts; holds policy rates")
RBI monetary policy review: Clear sign that happy days are over
The monetary policy committee (MPC) has sprung some surprises even though the repo rate has been kept unchanged.
 "RBI monetary policy review: Clear sign that happy days are over")
'Govt should use CBI, ED to curb hoarding, not against political opponents'
Criticising the Centre, TMC chief Mamata Banerjee said govt should use central probe agencies like CBI and ED to control inflation and check hoarding, instead of using them against political opponents
 "'Govt should use CBI, ED to curb hoarding, not against political opponents'")
World shares track Wall Street retreat on interest rate worries
World shares were mixed Thursday after a retreat on Wall Street spurred by comments indicating the Federal Reserve intends to more aggressively tackle inflation
 "World shares track Wall Street retreat on interest rate worries")
Gold steady as inflation, Ukraine worries counter US rate hike bets
Gold prices held steady after Wednesday's release of the minutes of the Federal Reserve meeting in March, as the metal's appeal as a safe haven
 "Gold steady as inflation, Ukraine worries counter US rate hike bets")
Emerging markets suffer $9.8-bn outflow in March, a first in 12 months
China's debt and equity market accounted for the bulk of the outflows, while flows into other EMs remained positive
 "Emerging markets suffer $9.8-bn outflow in March, a first in 12 months")
Gold steadies as inflation jitters offset US interest rate hike bets
Gold prices steadied on Wednesday with concerns over high inflation offsetting expectations of an aggressive interest rate hike by the US Federal Reserve
 "Gold steadies as inflation jitters offset US interest rate hike bets")
