Page 7 - Latest Updates on Inflation
Gold set for weekly gain as Ukraine crisis and inflation lift appeal
Gold has gained about 1.4% so far in the week. Most markets will be closed on Friday for a holiday
 "Gold set for weekly gain as Ukraine crisis and inflation lift appeal")
Global equities rise despite inflation forecasts, oil price climbs
Global investor optimism lifted shares on Wednesday despite blurry inflation forecasts as bank earnings and oil supply concerns boosted trading sentiment.
 "Global equities rise despite inflation forecasts, oil price climbs")
Top headlines: Four rate hikes likely in FY23, 'Tata Neu' an instant hit
Business Standard brings you the top headlines this morning
 "Top headlines: Four rate hikes likely in FY23, 'Tata Neu' an instant hit")
Amazon adds 5% 'fuel and inflation surcharge' to third-party seller fees
Amazon is taking a step to offset its rising costs, announcing it will add a 5% fuel and inflation surcharge to fees it charges third-party sellers who use the e-commerce giant's fulfillment services.
 "Amazon adds 5% 'fuel and inflation surcharge' to third-party seller fees")
UK consumer price inflation rises at fastest clip in 30 years
The annual inflation rate climbed to 7.0 per cent in March from 6.2 per cent in February, its highest since March 1992
 "UK consumer price inflation rises at fastest clip in 30 years")
Inflation in Russia hits highest in more than 20 yrs amid Western sanctions
The central bank, which aims for annual inflation of 4 per cent, cut its key rate to 17 per cent from 20 per cent on Friday and said future cuts were possible
 "Inflation in Russia hits highest in more than 20 yrs amid Western sanctions")
Global equities waver on inflation view as falling oil supplies lift prices
Equity markets have suffered from hawkish moves from the world's top central banks in response to inflation, analysts said
 "Global equities waver on inflation view as falling oil supplies lift prices")
As inflation rises, RBI may hike repo rate by 25 bps in June: SBI report
The Russia-Ukraine conflict has significantly impacted the trajectory of inflation
 "As inflation rises, RBI may hike repo rate by 25 bps in June: SBI report")
7% inflation highest in 17 months, withdraw 'Achhe Din': Cong slams Centre
The Congress attacked the Centre on the issue of inflation and Mallikarjun Kharge said inflation was at its highest in the last 17 months and the PM should withdraw his "Achhe Din" statement.
 "7% inflation highest in 17 months, withdraw 'Achhe Din': Cong slams Centre")
Soaring food, energy prices reach Asia to bring global inflation in sync
The turning point was Russia's invasion of Ukraine, which triggered an upheaval in commodities markets.
 "Soaring food, energy prices reach Asia to bring global inflation in sync")
March CPI inflation at 6.9% may trigger rate hike cycle from June: Analysts
Annual retail inflation shot up to a 17-month high of 6.95 per cent in March from a year ago, remaining above the tolerance limit of the Reserve Bank of India (RBI) for a third straight month
 "March CPI inflation at 6.9% may trigger rate hike cycle from June: Analysts")
Rising veggie prices hit the common man hard, says survey
The survey, conducted by Local Circles, got 11,800 responses from citizens across 311 districts of the country
 "Rising veggie prices hit the common man hard, says survey")
Wall Street gains as growth stocks rebound after inflation data
The Labor Department's report showed consumer prices shot up to 8.5% in 12 months through March, slightly higher than estimated 8.4%, although the so-called core CPI fell short of estimates at 6.5%
Inflation to debt: The economic mess Imran Khan leaves Pakistan in
Pakistanis got poorer under Khan's watch, with the future holding little promise
 "Inflation to debt: The economic mess Imran Khan leaves Pakistan in")
US inflation jumped 8.5% in past year, highest in over 40 years
Prices have been driven up by bottlenecked supply chains, robust consumer demand and disruptions to global food and energy markets worsened by Russia's war against Ukraine
 "US inflation jumped 8.5% in past year, highest in over 40 years")
Spiralling prices of essentials, fuel strain household budgets across India
While the prices of vegetables and several other food items have gone through the roof, the rates of petrol and diesel have increased by about Rs 10 per litre each in the past one month.
 "Spiralling prices of essentials, fuel strain household budgets across India")
Sensex falls 388 pts, Nifty holds 17,500; private banks shine, metals crack
CLOSING BELL: Axis Bank, Kotak Bank, Maruti Suzuki, Power Grid, SBI Life, and ICICI Bank were the top winners on the benchmark indices, rising upwards of 0.5 per cent each
 "Sensex falls 388 pts, Nifty holds 17,500; private banks shine, metals crack")
RBI's surprise hawkish pivot spurs economists to move up rate calls
The RBI surprised markets Friday by saying it now prioritizes tackling inflation over supporting economic growth
 "RBI's surprise hawkish pivot spurs economists to move up rate calls")
Congress to carry out massive protest in Karnataka on price rise
The Congress has charged that the prices of essential commodities such as petrol, diesel, CNG, LPG, building materials and chemical fertilizers have gone up causing severe hardship for the common man.
 "Congress to carry out massive protest in Karnataka on price rise")
Food prices likely pushed India inflation to 16-mth high in March: Poll
The full effect of the spike in crude oil and global energy prices following Russia's invasion of Ukraine in late February is not expected to appear in consumer prices until April
 "Food prices likely pushed India inflation to 16-mth high in March: Poll")
