Page 27 - Latest Updates on Inflation
India's inflation could go past RBI target rest of 2021, say report
Forecasts for gross domestic product were raised to a 9.2% expansion in the fiscal year ending March 2022, from the previous 9%, while the gross value added outlook edged down slightly to 9%.
 "India's inflation could go past RBI target rest of 2021, say report")
Fed says progress made toward conditions for tapering bond buys
Any move to shrink policy support will be based on progress on the Fed's goals for jobs and inflation
 "Fed says progress made toward conditions for tapering bond buys")
Lockheed's F-35A could face first price rise in years as inflation bites
Lockheed Martin said future F-35A fighter jets could be more expensive as rising inflation and customer demands halt a 64% drop in price since the jet was first introduced in 2007
 "Lockheed's F-35A could face first price rise in years as inflation bites")
Global insurance recovery will be faster, stronger than in 2008: Swiss Re
The global insurance industry is poised to recover more quickly and forcefully from the pandemic than it did after the 2008 financial crisis, despite such obstacles as low interest rates and inflation
 "Global insurance recovery will be faster, stronger than in 2008: Swiss Re")
ECB vows to persist with negative rates in bid to fuel inflation
Markets were little changed
 "ECB vows to persist with negative rates in bid to fuel inflation")
Patchy monsoon could impact pulse and oilseed output, fueling inflation
All eyes on rains in the weeks ahead till August-end to assess final impact
 "Patchy monsoon could impact pulse and oilseed output, fueling inflation")
Patchy monsoon rain raises growth and inflation worries for India
The monsoon has now revived, but the delay and poor precipitation will hurt the sowing of crops such as rice, cotton and soybeans.
 "Patchy monsoon rain raises growth and inflation worries for India")
The time has come for inflation-indexed 'granny' bonds
The need for such bonds has taken on economic and political significance in India
Asian shares extend losses on renewed virus scare, inflation woes
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4% for its second straight day of losses
 "Asian shares extend losses on renewed virus scare, inflation woes")
Central banking conundrum
RBI should not continue to ignore inflation risks
 "Central banking conundrum")
Gold prices at 1-month high as dovish Fed stance lifts bullion appeal
Gold prices climbed to a one-month peak on Thursday after US Federal Reserve Chair Jerome Powell soothed investor fears by reassuring that he was in no rush to tighten policy, lifting metal's appeal
 "Gold prices at 1-month high as dovish Fed stance lifts bullion appeal")
RBI must sacrifice inflation aim to aid growth: Ex-Guv Rangarajan
India will miss its fiscal deficit target of 6.8% of GDP by at least 1 percentage point, he said
 "RBI must sacrifice inflation aim to aid growth: Ex-Guv Rangarajan")
This particular inflation unique in history: Federal Reserve's Powell
Consumer prices soared in June by the most since 2008
 "This particular inflation unique in history: Federal Reserve's Powell")
India's economy may have grown 22.1% in Q1, but demand is still low: RBI
The RBI, in its state of the economy report, cited a mathematical model that suggested, in the best and normal course, the third wave could just be a ripple and life would return to normalcy by August
 "India's economy may have grown 22.1% in Q1, but demand is still low: RBI")
Uptick in inflation driven by supply shocks, should ease over the year: RBI
The tapering of the second wave, coupled with an aggressive vaccination push, has brightened near-term prospects for the Indian economy, the central bank said in its monthly bulletin for July
 "Uptick in inflation driven by supply shocks, should ease over the year: RBI")
Asian shares find support as US Fed chairman Powell shrugs off inflation
Asian shares held firm on Thursday after Federal Reserve Chair Jerome Powell said the US economy was 'still a ways off' from levels the central bank wanted to see before tapering its monetary support
 "Asian shares find support as US Fed chairman Powell shrugs off inflation")
Retail inflation eases slightly to 6.26% in June; May IIP at 29.3%
Inflation based on Consumer Price Index (CPI) remained elevated due to soaring fuel prices and costlier items in the food basket
 "Retail inflation eases slightly to 6.26% in June; May IIP at 29.3%")
Gold prices dip as dollar claws up, equities firm dimming metal's appeal
Gold prices eased on Monday as a slightly stronger dollar and buoyant equities dimmed the safe-haven metal's appeal, with investors awaiting US inflation data and Fed Chairman testimony this week
 "Gold prices dip as dollar claws up, equities firm dimming metal's appeal")
Asia shares enjoy relief rally as mood shifts, sentiment fickle
In the United States, inflation data could provide a scare ahead of testimony by Federal Reserve Chair Jerome Powell on Wednesday and Thursday, where markets will be hyper-sensitive
 "Asia shares enjoy relief rally as mood shifts, sentiment fickle")
Top Headlines: Paytm president quits; commodity inflation bites hard
Business Standard brings to you the top headlines on Saturday
 "Top Headlines: Paytm president quits; commodity inflation bites hard")
