Page 36 - Latest Updates on Inflation
Services PMI rises to 55.3 in February on boom in domestic demand
The index was above the critical 50 mark that separates growth from contraction for the fifth month in a row during February
 "Services PMI rises to 55.3 in February on boom in domestic demand")
Markets on tenterhooks as inflation fears overtake recovery hopes
Trajectory would hinge on Street's perceived inflation forecasts
 "Markets on tenterhooks as inflation fears overtake recovery hopes")
Inflation range of 2-6% is appropriate for monetary policy: RBI report
Even as the foreword of the report has been written by RBI governor Shaktikanta Das, the report is not the official view of the central bank
 "Inflation range of 2-6% is appropriate for monetary policy: RBI report")
Internationalisation of the rupee is 'inevitable', says RBI report
Internationalisation means the currency can be freely transacted by both resident and non-residents, and be used as a reserve currency for global trades
 "Internationalisation of the rupee is 'inevitable', says RBI report")
India hit by 'double whammy' of low growth, high inflation: Cong on Q3 data
Congress'' chief spokesperson Randeep Surjewala said the third quarter GDP data proves yet again that fault lines in the Indian economy are more visible than ever before
 "India hit by 'double whammy' of low growth, high inflation: Cong on Q3 data")
Retail inflation for industrial worker eases to 3.15% in January
Retail inflation for industrial workers eased to 3.15 per cent in January against 7.49 per cent in the same month last year, mainly due to lower prices of certain food items
 "Retail inflation for industrial worker eases to 3.15% in January")
Inflation target band of 2-6% appropriate for next 5 years: RBI report
The finding is part of RBI's 'Report on Currency and Finance' for 2020-21
 "Inflation target band of 2-6% appropriate for next 5 years: RBI report")
Worried about the market crash? Here's how analysts interpret the fall
The market breadth was in favour of the bears with the advance-decline ratio at nearly 1:2
 "Worried about the market crash? Here's how analysts interpret the fall")
Powell says may take more than 3 years to hit Fed's inflation goal
"We are just being honest about the challenge," Powell told the House of Representatives Financial Services Committee
 "Powell says may take more than 3 years to hit Fed's inflation goal")
Powell says economy still needs Fed help, pushes back on inflation worries
By Howard Schneider and Ann Saphir
 "Powell says economy still needs Fed help, pushes back on inflation worries")
Jerome Powell signals Fed to keep buying bonds even as outlook improves
The economy is a long way from our employment and inflation goals, and it is likely to take some time for substantial further progress to be achieved, he said
 "Jerome Powell signals Fed to keep buying bonds even as outlook improves")
World shares slide as inflation fears batter bonds, commodities surge
Oil prices rose on a tight global supply outlook after U.S. production was hammered by frigid weather and an approaching meeting of top crude producers is expected to keep output largely in check
 "World shares slide as inflation fears batter bonds, commodities surge")
MPC minutes: Unwinding high indirect taxes on fuel critical, says Das
Fall in inflation gives MPC room to continue to support growth in economy
 "MPC minutes: Unwinding high indirect taxes on fuel critical, says Das")
Gold prices jump more than 1% as inflation concerns triggers demand
Spot gold was up 1.6% at $1,810.45 an ounce
 "Gold prices jump more than 1% as inflation concerns triggers demand")
Wall Street falls at open on inflation concerns and rising yields
The Dow Jones Industrial Average fell 113.2 points, or 0.36%, at the open to 31381.12
 "Wall Street falls at open on inflation concerns and rising yields")
Retail inflation for farm and rural workers eases in January
The easing was mainly due to lower prices of certain food items
 "Retail inflation for farm and rural workers eases in January")
India's inflation target band up for review: Finance minister Sitharaman
The current inflation target band is at 2%-6%
 "India's inflation target band up for review: Finance minister Sitharaman")
Nasdaq ends lower as investors drop tech cos; inflation concerns weigh
The Dow Jones Industrial Average rose, however, aided in part by gains in shares of Verizon Communications Inc and Chevron Corp
 "Nasdaq ends lower as investors drop tech cos; inflation concerns weigh")
WPI inflation at 2.03% on costlier manufactured items, food prices ease
The WPI inflation was 1.22 per cent in December, 2020 and 3.52 per cent in January last year
Inflation staying above 6% seen as risk to RBI's interest rates path
Headline inflation has stayed above 6% for the past two quarters
 "Inflation staying above 6% seen as risk to RBI's interest rates path")
