Page 9 - Latest Updates on Inflation
India's services sector expands at fastest pace so far this year in March
The S&P Global India Services Purchasing Managers' Index rose to 53.6 in March from 51.8 in February, beating the 52.5 estimate in a Reuters poll.
 "India's services sector expands at fastest pace so far this year in March")
RBI to wait at least until August to raise repo rate: Economists
Inflation has held above the RBI's 6% upper threshold so far this year, casting doubt on its current strategy of keeping rates low to bolster growth
 "RBI to wait at least until August to raise repo rate: Economists")
Sanjay Raut terms SL's situation 'worrisome', warns India on same path
Shiv Sena leader Sanjay Raut on Tuesday called Sri Lanka's situation "worrisome" and cautioned that India would be on the same path if the rising inflation is not tackled
 "Sanjay Raut terms SL's situation 'worrisome', warns India on same path")
Canadian consumer expectations for inflation reach record levels: Survey
Survey respondents expressed the belief that three main issues were making inflation harder to control: supply chain issues, the persistence of the pandemic and high government spending.
 "Canadian consumer expectations for inflation reach record levels: Survey")
Turkey's inflation hits 61%, climbs to new 20-year high
Yearly inflation in Turkey hit 61.14 per cent on Monday, climbing to a new 20-year high and deepening a cost of living crisis for many households.
 "Turkey's inflation hits 61%, climbs to new 20-year high")
Cost of living rises in India as companies pass on higher prices
Companies from the Indian units of Unilever Plc and Suzuki Motor Corp. to homegrown JSW Steel Ltd. are raising prices in response to the global supply squeeze
 "Cost of living rises in India as companies pass on higher prices")
US economy not letting war, pandemic get in the way of a good time
There are signs also that larger changes, expected by economists as part of a 'normalizing' economy, are beginning to take shape
 "US economy not letting war, pandemic get in the way of a good time")
Inflation in 19 nations using euro soars to record 7.5% in March
Inflation in the eurozone has been setting records for months and is at its highest level since recordkeeping for the euro began in 1997
 "Inflation in 19 nations using euro soars to record 7.5% in March")
Germany's inflation jumps to 7.3% to record 40-year high in March
German's inflation rate rose to 7.3 per cent in March on an annual basis, hitting a fresh 40-year high, according to official figures issued on Wednesday.
 "Germany's inflation jumps to 7.3% to record 40-year high in March")
Britannia's planned price hike signals coming inflationary pain
Russia's invasion of Ukraine has roiled consumer firms across the world already contending with labor shortages and supply-chain constraints.
 "Britannia's planned price hike signals coming inflationary pain")
Russia war ends era of globalisation that kept inflation low
Supply chains, already disrupted by the swift recovery from the pandemic recession, face renewed pressure
 "Russia war ends era of globalisation that kept inflation low")
RBI risks falling behind curve on curbing inflation like US Fed: SBI Funds
The Reserve Bank of India has confounded market expectations with its accommodative policy even as inflation breached its 6% limit for two months
Best of BS Opinion: Reflection of time, irreversible damage & more
Here are the best of BS Opinion pieces of the day
 "Best of BS Opinion: Reflection of time, irreversible damage & more")
Sri Lanka avoids recession in Dec quarter, GDP grows 3.7% in 2021
Sri Lanka's economy grew at a slower-than-expected 1.8% in the 4th quarter of the 2021 financial year, taking its full year growth to 3.7 per cent, data from the govt's statistics department showed
 "Sri Lanka avoids recession in Dec quarter, GDP grows 3.7% in 2021")
A Panglossian countenance on inflation
Central bank communication had moved decisively from "secrecy" to "transparency and accountability" over the decades.
Turkey announces tax cuts on several products to fight high inflation
Turkish President Recep Tayyip Erdogan has announced value-added tax (VAT) cuts on several products to fight inflation.
 "Turkey announces tax cuts on several products to fight high inflation")
War, inflation drag German consumer sentiment lowest since Feb 2021
German consumer morale looks set to slump heading into April as the Ukraine war pushed households' economic and income expectations to new record lows since the 2009 financial crisis, a survey showed
US recession warning? Part of yield curve inverts for first time in 16 yrs
Shorter maturities have been selling off faster than their longer-dated peers this year as investors ratchet up expectations the Fed will hike rates to combat inflation
 "US recession warning? Part of yield curve inverts for first time in 16 yrs")
Inflationary woes over commodity prices to maintain pressure on rupee
Inflationary concerns over elevated commodity prices are expected to maintain pressure on the Indian rupee during the upcoming week
 "Inflationary woes over commodity prices to maintain pressure on rupee")
IMF approves $44 bn extended arrangement for Argentina to tackle inflation
The International Monetary Fund (IMF) Executive Board approved a $44 billion extended arrangement for Argentina to strengthen the country's debt sustainability and tackle high inflation
 "IMF approves $44 bn extended arrangement for Argentina to tackle inflation")
