Page 43 - Latest Updates on Inflation
Economy in Modi 2.0: A year best forgotten as things turn bad to worse
Even before the lockdown, the economy was on the downhill despite the Centre announcing huge corporation tax cuts
 "Economy in Modi 2.0: A year best forgotten as things turn bad to worse")
Data deficiency
Quality of numbers could affect economic policy response
 "Data deficiency")
Country sees world's highest inflation during 2020: State Bank of Pakistan
January witnessed a 12-year high inflation at 14.6 per cent. In response to the rising prices, the SBP rose the interest rates to 13.25 per cent
 "Country sees world's highest inflation during 2020: State Bank of Pakistan")
Limited impact
Interest rate reduction may not push credit offtake
 "Limited impact")
Inflation should be managed carefully
It's one of those rare periods where deflation is also possible. The RBI may have to adjust money supply in either direction
Last rate cut for now but there're more bullets in RBI's chamber
Following this, the reverse repo rate, or the rate at which the banks perk extra liquidity with the RBI, was reduced to 3.35 per cent from 3.75 per cent - both at their historic lows.
 "Last rate cut for now but there're more bullets in RBI's chamber")
Covid-19 has created deflationary conditions, says CEA Subramanian
He also said that a good part of the Rs 20 trillion stimulus package is designed in a manner that the fiscal deficit remains under control.
 "Covid-19 has created deflationary conditions, says CEA Subramanian")
Covid-19 impact: Centre releases truncated WPI inflation data for April
Reports 10.12% deflation in fuel, power basket
 "Covid-19 impact: Centre releases truncated WPI inflation data for April")
Covid-19: At Rs 43.5 trn by March, Indian households' debt at record high
Indian households had debts worth nearly Rs 43.5 trillion at the end of March this year, up from Rs 6.6 trillion at the end of March 2008 and Rs 19.3 trillion five years ago at the end of FY15
 "Covid-19: At Rs 43.5 trn by March, Indian households' debt at record high")
RBI has made life a bit easier for NBFCs, MFIs amid Covid-19 pandemic
The RBI has indicated that it expects inflation to come down by September, which means that more rate cuts are in the offing
 "RBI has made life a bit easier for NBFCs, MFIs amid Covid-19 pandemic")
RBI measures sufficient, not substantial; Guv doing balancing act: Experts
RBI governor is walking a tightrope, says a former chief statistician
 "RBI measures sufficient, not substantial; Guv doing balancing act: Experts")
NSO struggles to gather accurate inflation, industrial data during lockdown
Monthly price data is collected from 1,114 markets across 310 towns by the field operations division of the statistics ministry and the specified
 "NSO struggles to gather accurate inflation, industrial data during lockdown")
'Covid-19 hangs over future like spectre': RBI in Monetary Policy Report
While efforts are being mounted on a war footing to arrest its spread, Covid-19 would impact economic activity in India directly through domestic lockdown, the central bank has said
 "'Covid-19 hangs over future like spectre': RBI in Monetary Policy Report")
Cheap index valuation isn't inspiring
Cloudy earnings outlook in the coming quarters is likely to play spoilsport
RBI's rate cut provides the much-needed balm to revive the economy
The repo rate has come down by 75 basis points to 4.4 per cent, while the reverse repo rate has been lowered by 90 basis points to 4 per cent now
WPI-based inflation eases to 2.26% in February on cheaper food items
The data released last week also showed that the consumer price index- (CPI-) based inflation rate declined to 6.58 per cent from 68-month high of 7.59 per cent over this period
 "WPI-based inflation eases to 2.26% in February on cheaper food items")
WPI-based inflation eases to 2.26% in February against 3.1% in Jan
The food index-based inflation consisting of food articles and food products decreased from 10.12 per cent in January to 7.31 per cent in February
 "WPI-based inflation eases to 2.26% in February against 3.1% in Jan")
Retail inflation falls to 6.58% in February as food prices cool down
The latest numbers could increase the clamour for a rate cut by RBI's Monetary Policy Committee in its next meeting in April
Rupee can slip 3% more; rate cut, regulatory intervention needed
In the past few sessions, the move in the Rupee has been largely offshore driven, taking precariously close to a new all-time low of 74.48 against the US Dollar
 "Rupee can slip 3% more; rate cut, regulatory intervention needed")
Oil price slump: Centre may not hike excise duty for petro products
For 2019-20, the Centre had estimated average crude price of $55 a barrel, and for 2020-21, it has been assumed at $50 a barrel.
 "Oil price slump: Centre may not hike excise duty for petro products")
