Page 20 - Latest Updates on Inflation
Wall Street turns red as Omicron reaches US; Dow Jones falls 460 points
All three indexes breach key technical levels; Salesforce falls on disappointing profit forecast
 "Wall Street turns red as Omicron reaches US; Dow Jones falls 460 points")
Global central banks told not to panic in face of inflation spike
OECD said price gains will peak at the turn of the year as demand stabilizes, supply bottlenecks fade and people return to the labor force
 "Global central banks told not to panic in face of inflation spike")
Amid low inflation, CEA sees no impact on RBI policy as Fed turns hawkish
Monetary policy will not have to be in conflict with fiscal policy in India, as opposed to other economies, says K V Subramanian
 "Amid low inflation, CEA sees no impact on RBI policy as Fed turns hawkish")
Fed's Jerome Powell weighs earlier end to bond tapering amid hot inflation
Powell said it's time to stop using the word "transitory" to describe inflation
 "Fed's Jerome Powell weighs earlier end to bond tapering amid hot inflation")
Turkey's economy steams ahead of peers but inflation risks mount
Turkey's central bank has slashed 4 percentage points off borrowing rates since September
 "Turkey's economy steams ahead of peers but inflation risks mount")
Inflation across eurozone hits record high of 4.9% as energy costs spike
This is the highest since records began in 1997
 "Inflation across eurozone hits record high of 4.9% as energy costs spike")
Congress to hold rally against inflation on December 12 in Delhi
The Congress said unprecedented price rise and inflation have demolished the earnings, the household income and budget of every family in the country
Tomato to fuel: Inflation batters India's middle class
From daily essentials like tomatoes, milk as well as edible oils to transport fuels, rising prices have hampered the financial health of ordinary middle class families in India
 "Tomato to fuel: Inflation batters India's middle class")
RBI must keep rates low as long as needed to sustain growth: Assocham
It said that while concerns over inflation, especially in the Wholesale Price Index (WPI), need to be addressed, measures other than reversal of the accommodative stance should be encouraged
 "RBI must keep rates low as long as needed to sustain growth: Assocham")
Parties must unite on issues of corruption, unemployment: Mulayam
Mulayam Singh Yadav called upon political parties to come together on the issues of corruption, unemployment and inflation, and said if everyone is united, there will be development in the country
 "Parties must unite on issues of corruption, unemployment: Mulayam")
Indian consumers spend to live in the moment despite inflation heat: Survey
Despite global inflationary concerns, Indians are looking forward to having a balanced life with plans to spend on luxuries such as personal care, clothing, vehicle, leisure travel and air travels
 "Indian consumers spend to live in the moment despite inflation heat: Survey")
World shares mostly higher as coronavirus lockdowns, inflation loom
Markets opened higher in Europe on Monday after a mixed day of trading in Asia.
 "World shares mostly higher as coronavirus lockdowns, inflation loom")
Top headlines: Inflation hurts consumer goods firms; 33 die in Andhra
Consumer goods firms' share in India Inc profit drops; EY, KPMG, PwC, Deloitte clock strong year - Read more in our morning briefing.
 "Top headlines: Inflation hurts consumer goods firms; 33 die in Andhra")
US Federal Reserve governor urges speedier tapering as inflation surges
US Federal Reserve Governor Christopher Waller has urged the central bank to speed up the pace of tapering asset purchases in response to the surging inflation
 "US Federal Reserve governor urges speedier tapering as inflation surges")
ECB mustn't tighten despite 'painful' inflation, Lagarde says
The bank is taking concerns about rising prices "very seriously," Lagarde told the Frankfurt European Banking Congress
 "ECB mustn't tighten despite 'painful' inflation, Lagarde says")
Inflation rate in Delhi lowest among metro cities: Manish Sisodia
The rate of inflation in Delhi was lowest among the five metro cities in 2020-21, Deputy Chief Minister Manish Sisodia said on Friday.
 "Inflation rate in Delhi lowest among metro cities: Manish Sisodia")
Rating assessment of India focused on medium-term debt trajectory: Fitch
"We view the persistent level of core inflation and energy price developments, along with global price pressures, as carrying upside risk for our inflation outlook," said Zook,.
 "Rating assessment of India focused on medium-term debt trajectory: Fitch")
Differences abound in global, India inflation drivers, say experts
Say, overall, inflation unlikely to be a major worry in India, except for food inflation
 "Differences abound in global, India inflation drivers, say experts")
UK inflation surges to highest rate in nearly a decade as energy costs rise
UK inflation surged to the highest level in nearly a decade in October as energy costs soared and prices rebounded after sharp declines during the early months of the COVID-19 pandemic
Oct WPI inflation hits five-month high of 12.54% on higher input costs
As demand is recovering, industry is likely to pass on the higher costs to consumers and this may affect retail price inflation, experts said
 "Oct WPI inflation hits five-month high of 12.54% on higher input costs")
