Page 63 - Latest Updates on Inflation
UK inflation hits highest level in almost three decades at 5.5%
Inflation in the United Kingdom has risen at the fastest rate in almost 30 years
 "UK inflation hits highest level in almost three decades at 5.5%")
China's factory inflation slows, giving central bank room to ease policy
The producer price index (PPI) increased 9.1% from a year ago, the National Bureau of Statistics (NBS) said in a statement on Wednesday, slower than the 9.5% growth tipped by a Reuters poll
 "China's factory inflation slows, giving central bank room to ease policy")
China's factory inflation hits six-month low on government curbs
The world's second-biggest economy faces multiple headwinds, weighed down by persistent weakness in the property sector and strict anti-coronavirus measures
 "China's factory inflation hits six-month low on government curbs")
What does soaring crude oil price mean for the Indian economy?
Geopolitical tension in Eastern Europe has led to a jump in crude oil price, which is over $90 per barrel now. Some fear that it may touch the $100. What does it mean for the economy in India?
Rural UP sees over 7% inflation in Jan; Punjab, Manipur witness lower rates
Close to 6% in state's urban areas; Punjab, Manipur have lower inflation rates
 "Rural UP sees over 7% inflation in Jan; Punjab, Manipur witness lower rates")
Australia's central bank has goals in sight, just waiting on wages
The labour market remains tight with unemployment at a 13-year low of 4.2% and vacancies at record highs
 "Australia's central bank has goals in sight, just waiting on wages")
The inflation dilemma
Markets are in for a very bumpy ride if inflation is truly breaking out
 "The inflation dilemma")
$100 oil threatens to compound world economy's inflation shock
That's a worrying combination for the U.S. Federal Reserve and fellow central banks as they seek to contain the strongest price pressures in decades
 "$100 oil threatens to compound world economy's inflation shock")
After 7 months, retail inflation breaches RBI upper tolerance limit in Jan
Data released by the statistics department showed consumer price index (CPI) based inflation rate touched 6.01 percent in January driven by food and beverages, clothing and footwear
 "After 7 months, retail inflation breaches RBI upper tolerance limit in Jan")
Statsguru: Six charts explain India's uneven economic recovery
A key reason for lower than expected inflation projections could be weak demand
 "Statsguru: Six charts explain India's uneven economic recovery")
Global trends, inflation data, earnings to drive markets: Analysts
Last week, the 30-share BSE benchmark declined by 491.90 points or 0.83 per cent.
 "Global trends, inflation data, earnings to drive markets: Analysts")
Effective duty on crude palm oil cut to 5.5% to cool edible oil prices
With edible oil prices ruling high throughout last year, the government had on multiple occasions cut import duty on palm oil to increase domestic availability.
 "Effective duty on crude palm oil cut to 5.5% to cool edible oil prices")
A balanced response to inflation
A large across-the-board increase in interest rates is a cure worse than the disease
 "A balanced response to inflation")
Tech firms lead Sensex fall as US inflation triggers rate hike fear
The top five losing stocks were from the technology sector
 "Tech firms lead Sensex fall as US inflation triggers rate hike fear")
Price hikes drive FMCG revenues in Q3, but margins see some pressure
Volumes were also under pressure as consumers cut back spending on high inflation
 "Price hikes drive FMCG revenues in Q3, but margins see some pressure")
Checked inflation even when Covid hit us, says FM Nirmala Sitharaman
CPI inflation at 6.2% now, was 9.1% during 2008 financial crisis, she says
 "Checked inflation even when Covid hit us, says FM Nirmala Sitharaman")
Wall Street set for second day of losses; US 10-year yield near 2%
Europe's STOXX 600 was down 0.9%, Nasdaq and S&P 500 futures were down 0.7% and 0.5% respectively
 "Wall Street set for second day of losses; US 10-year yield near 2%")
Akzo Nobel India Q3 net down 4% at Rs 84 cr; revenue up 18% at Rs 914 cr
Paints and coatings maker Akzo Nobel India Ltd on Friday reported a 4.06 per cent decline in consolidated net profit to Rs 83.82 crore for the quarter ended December 2021
 "Akzo Nobel India Q3 net down 4% at Rs 84 cr; revenue up 18% at Rs 914 cr")
Gold prices ease as US rate-hike bets counter inflation worries
Gold has gained 0.8% so far this week as inflationary risks and geopolitical tensions lifted demand for the safe-haven asset.
 "Gold prices ease as US rate-hike bets counter inflation worries")
RBI's dovish inflation call raises eyebrows as price pressures build
India is beginning to diverge from many other major global central banks, which now see price pressures as more entrenched and in need of action
 "RBI's dovish inflation call raises eyebrows as price pressures build")