Page 16 - Latest Updates on Inflation
Australian inflation surges in December quarter, market bays for rate hikes
Data from the Australian Bureau of Statistics out on Tuesday showed the headline consumer price index rose 1.3% in the fourth quarter and 3.5% for the year, topping forecasts
 "Australian inflation surges in December quarter, market bays for rate hikes")
Indices slump 2.6% as sell-off deepens; metal, realty top losers
Concerns over Fed rate hike, Ukraine add to investor woes
 "Indices slump 2.6% as sell-off deepens; metal, realty top losers")
Singapore reviews inflation forecasts as core prices near 8-year high
The core inflation rate, the central bank's favoured price measure - rose to 2.1% in December on a year-on-year basis,
 "Singapore reviews inflation forecasts as core prices near 8-year high")
Rising inflation, Covid-19 making people more vulnerable in Nepal
Many families in Nepal are struggling due to reduced job opportunities and growing inflation amid the Covid-19 pandemic
 "Rising inflation, Covid-19 making people more vulnerable in Nepal")
IMF calls for 'flexibility' being new year resolution of policy markers
The International Monetary Fund on Friday said the one new year resolution the policymakers globally should adopt is 'policy flexibility'
 "IMF calls for 'flexibility' being new year resolution of policy markers")
Japan's inflation hovers around 2-year high, BOJ flags price pressure
Japan's core consumer prices rose 0.5% in December from a year earlier, increasing for a second month in a row at the fastest pace in nearly two years
 "Japan's inflation hovers around 2-year high, BOJ flags price pressure")
Wall Street rally fizzles as Fed tightening fears spook investors
Concern that the Federal Reserve will aggressively move to raise rates this year is taking a toll on the market
 "Wall Street rally fizzles as Fed tightening fears spook investors")
Sensex, Nifty slump for the third straight day on inflation fears
In the last three sessions, the Sensex has lost 1,844 points, or 3 per cent
 "Sensex, Nifty slump for the third straight day on inflation fears")
UK's central bank under pressure as inflation reaches 30-yr high
Pressure is mounting on the Bank of England (BoE) to raise interest rates as the UK's Consumer Prices Index (CPI) in December 2021 hit its highest level since early 1992
 "UK's central bank under pressure as inflation reaches 30-yr high")
Canada's annual inflation rate rises to 4.8%, highest in 30 years
Canada's annual rate of inflation rose to 4.8 per cent in December 2021, the highest since 1991 due to higher prices for food, passenger vehicles and housing, according to Statistics Canada.
 "Canada's annual inflation rate rises to 4.8%, highest in 30 years")
UK inflation hits near 30-year high, pressuring BoE and households
The annual rate of consumer price inflation increased to 5.4% from November's 5.1%, the highest since March 1992
 "UK inflation hits near 30-year high, pressuring BoE and households")
High inflation drivers to remain strong until second half of 2022: EU
European Commissioner for the Economy Paolo Gentiloni said on Tuesday that factors contributing to high inflation in the European Union will diminish
 "High inflation drivers to remain strong until second half of 2022: EU")
Poll-bound states: Current regimes outdid earlier ones on inflation control
However, most previous regimes had lower inflation than national level; now the situation is opposite
 "Poll-bound states: Current regimes outdid earlier ones on inflation control")
Bank of Japan raises inflation forecasts, maintains ultra-easy policy
But with inflation set to remain below its 2% target in the coming years, the BOJ stressed its resolve to maintain its ultra-loose monetary policy
 "Bank of Japan raises inflation forecasts, maintains ultra-easy policy")
Inflation in Argentina jumps 50.9% in 2021 becoming highest figure in LatAm
Inflation in Argentina in 2021 spiralled up 50.9 per cent, becoming one of highest figures in Latin America, according to the data provided by National Institute of Statistics and Census of Argentina.
 "Inflation in Argentina jumps 50.9% in 2021 becoming highest figure in LatAm")
Dollar slumps as US inflation surge comes in line with expectations
The U.S. Dollar Currency Index, which tracks the greenback against six major currencies, was down 0.7% at 94.944, after slipping as low as 94.903, its lowest since Nov. 11.
 "Dollar slumps as US inflation surge comes in line with expectations")
Wall Street rises as in-line inflation data calms nerves; Dow up 180 points
The S&P 500 was up 26.46 points, or 0.56%, at 4,739.53 and the Nasdaq Composite was up 109.59 points, or 0.72%, at 15,263.04
 "Wall Street rises as in-line inflation data calms nerves; Dow up 180 points")
Inflation in US in December registers biggest annual gain since 1982
The consumer price index climbed 7% in 2021, according to Labor Department data released Wednesday
 "Inflation in US in December registers biggest annual gain since 1982")
Top headlines: Dec inflation at 6-month high; Infosys Q3 net rises 12%
Business Standard brings the top headlines on Wednesday
 "Top headlines: Dec inflation at 6-month high; Infosys Q3 net rises 12%")
Dollar steadies above two-month lows as US inflation test looms
Federal Reserve Chair Jerome Powell on Tuesday gave no clear indication that the Fed was in a rush to speed up plans for tightening monetary policy
