Page 7 - Latest Updates on Inflation
Govt may consider fuel, maize tax cuts to control climbing retail inflation
The Indian government could consider reducing taxes on some items such as maize and fuel in response to the central bank's recommendations to help rein in climbing retail inflation
 "Govt may consider fuel, maize tax cuts to control climbing retail inflation")
Sensex jumps 243 pts on late buying, Nifty reclaims 18,000; RIL gains 2%
CLOSING BELL: The BSE Sensex gained more than 600 points from the day's low; Tech Mahindra, Bharti Airtel and auto shares were the other major gainers on Wednesday.
 "Sensex jumps 243 pts on late buying, Nifty reclaims 18,000; RIL gains 2%")
US inflation rises 0.5% in January, more interest rate hike likely
CPI is up 6.4% from the year-ago period; food and energy boosted the index
 "US inflation rises 0.5% in January, more interest rate hike likely")
Inflation surprise
Latest reading has increased uncertainty
United Breweries not in high spirits due to increase in input costs
Inflationary environment also poses a risk to consumption and volume growth
 "United Breweries not in high spirits due to increase in input costs")
US Inflation stays elevated, adding pressure for more Fed hikes
The median estimates in a Bloomberg survey of economists called for a 0.5% monthly advance in the CPI and a 0.4% gain in the core measure
 "US Inflation stays elevated, adding pressure for more Fed hikes")
Bonds recoup losses after inflation shock as long-term players step in
Yield on the 10-year benchmark bond closed at 7.37 per cent, versus 7.36 per cent at previous close
 "Bonds recoup losses after inflation shock as long-term players step in")
India's WPI inflation eases to two-year low of 4.73% in January
In December 2022, wholesale price inflation stood at 4.95 per cent. In January 2021, it was at 2.51 per cent
 "India's WPI inflation eases to two-year low of 4.73% in January")
Expense list to loan tenure: How to stay ahead of rising inflation
Maintain adequate allocation for equities in long-term portfolios for financial security
 "Expense list to loan tenure: How to stay ahead of rising inflation")
Asian Shares track Wall Street's inflation optimism, yen recoups losses
Japan's currency had weakened on uncertainty surrounding the next governor of the Bank of Japan
 "Asian Shares track Wall Street's inflation optimism, yen recoups losses")
Top headlines: Adani hires Grant Thornton, Jio aims 100% 5G coverage
Business Standard brings you the top headlines at this hour
 "Top headlines: Adani hires Grant Thornton, Jio aims 100% 5G coverage")
Pakistan to impose new taxes to reach out for IMF loan, avoid default
Pakistan already is struggling with the recovery from record-breaking floods, which killed 1,739 people in summer 2022 and destroyed 2 million homes
 "Pakistan to impose new taxes to reach out for IMF loan, avoid default")
Love in time of inflation: How much will Valentine's Day set you back?
According to the latest data from Britain's Office of National Statistics, eating at restaurants in December cost 9.4 per cent more than last year
 "Love in time of inflation: How much will Valentine's Day set you back?")
India's inflation higher than peers like Brazil and South Korea
The RBI last week raised its key interest rate by 25 bps to 6.50 per cent
 "India's inflation higher than peers like Brazil and South Korea")
January retail inflation rises to 6.52%, highest since October 2022
In December, the CPI-based inflation was 5.72% with core inflation at 6.10%
 "January retail inflation rises to 6.52%, highest since October 2022")
Macro data, global cues to guide markets this week, say analysts
Trading activity in the domestic equity markets this week will be largely driven by inflation data, trend in global markets and foreign fund movement, analysts said
 "Macro data, global cues to guide markets this week, say analysts")
Four economic trends that will impact India
The Budget reflects the shift globally in government capital expenditure, inflation, fiscal deficit and globalisation
 "Four economic trends that will impact India")
RBI's approach to help set stage for a soft landing
The RBI's caution on inflation and its relatively hawkish position demonstrate its steadfast commitment to achieving the inflation target of 4%
Retaining policy flexibility
Inflation remains a concern for the RBI
 "Retaining policy flexibility")
Indian households' inflation expectations moderated by 20 basis points: RBI
Indian household's inflation expectations for current period moderated by 20 basis points to 9.6%, while consumer confidence improved further, the RBI's latest round of internal surveys showed
 "Indian households' inflation expectations moderated by 20 basis points: RBI")
