Page 42 - Latest Updates on Inflation
RBI launches surveys on consumer confidence, inflation expectations
The results of these surveys "provide useful inputs for monetary policy", the RBI said while announcing the launch of September 2020 round of CCS and IESH through two statements
 "RBI launches surveys on consumer confidence, inflation expectations")
Federal Reserve to target 2% average inflation, elevates focus on jobs
Under the new approach, the US central bank will seek to achieve inflation averaging 2% over time, offsetting below-2% periods with higher inflation "for some time"
 "Federal Reserve to target 2% average inflation, elevates focus on jobs")
Explained: Why inflation is so high in India and where it is headed
It isn't just protein diet and cereals that are becoming expensive despite bumper output the past few years; even personal care products and recreation have surprisingly become very costly
 "Explained: Why inflation is so high in India and where it is headed")
Bonds to be hit hardest by inflation shock in India, Russia, Mexico
The fixed-income securities of the three countries appear the most vulnerable to any surge in consumer prices, according to a Bloomberg study of 10 emerging markets
 "Bonds to be hit hardest by inflation shock in India, Russia, Mexico")
Rising inflation may constrain monetary policy committee: Meeting minutes
Despite the dovish tone, the minutes suggest the bank sees little room for rate cuts in the current environment
 "Rising inflation may constrain monetary policy committee: Meeting minutes")
Retail inflation for farm, rural workers drops to 6.58%, 6.53% in July
The major contribution towards the rise in the general index of agricultural labourers and rural labourers came from food
 "Retail inflation for farm, rural workers drops to 6.58%, 6.53% in July")
UK inflation unexpectedly rises to highest since March on oil prices
Consumer price inflation rose to 1.0 per cent in July from 0.6 per cent in June, the Office for National Statistics said
 "UK inflation unexpectedly rises to highest since March on oil prices")
Railways mulls inflation-linked user charges at redeveloped stations
The Railway Board will soon come out with norms to make it part of bid conditions
 "Railways mulls inflation-linked user charges at redeveloped stations")
'Bond market investors are likely to chase yields in the coming months'
The RBI may need to step in with larger purchases soon to keep yields from rising.This size of weekly auction can be absorbed in the market only if there is confidence on low yields, he says
 "'Bond market investors are likely to chase yields in the coming months'")
Saudi Arabia's inflation rate surged to 6.1% in July on VAT hike
Consumer prices rose an annual 6.1% in July from 0.5% in June, data released by the General Authority for Statistics showed on Sunday
 "Saudi Arabia's inflation rate surged to 6.1% in July on VAT hike")
Top headlines: Russia registers Covid vaccine, Pranab Mukherjee critical
Here are the top headlines of the day
 "Top headlines: Russia registers Covid vaccine, Pranab Mukherjee critical")
India inflation likely edged up in July on higher food prices: Poll
The August 6-10 Reuters poll of over 45 economists showed Indian retail inflation rose to 6.15 per cent last month from 6.09 per cent in June
 "India inflation likely edged up in July on higher food prices: Poll")
Covid-19 impact: Inflation may remain high for a few months, say economists
Local lockdowns, taxes on fuels, services, hardening commodity prices may drive up inflation: Economists
 "Covid-19 impact: Inflation may remain high for a few months, say economists")
RBI monetary policy: Rates on hold amid uneasiness on inflation
The committee highlighted that inflation risks emanate from supply chain disruptions, high vegetable prices, increased taxes on fuels, and volatility in financial markets
 "RBI monetary policy: Rates on hold amid uneasiness on inflation")
Statsguru: Inflation to bond yields, key data ahead of MPC meeting
While the economy battling with the pandemic shock needs support, inflation continues to remain above the central bank's target band
 "Statsguru: Inflation to bond yields, key data ahead of MPC meeting")
Dusting off the inflation cap
The popular narrative on inflation is that the rise was because production and distribution had ceased due to the pandemic, leaving too many buyers chasing too few goods
Policy prudence
RBI should guard against risks to financial stability
 "Policy prudence")
RBI's Hamletian dilemma
The relationship between monetary policy and inflation is not reliable in a crisis, creating a classical problem for the central bank
 "RBI's Hamletian dilemma")
With inflation in India ticking higher it may be time for RBI to pause
Some economists and market insiders argue it may be prudent for the MPC, the policy committee, to hold its fire when it meets early next month
 "With inflation in India ticking higher it may be time for RBI to pause")
The end of food inflation?
Improving efficiency in producing and converting edible calories when demand weakens could throw new social challenges
 "The end of food inflation?")
