Global Inflation

India looking at spending Rs 2 trillion more to fight inflation: Report

To fight the ongoing inflation in the global market, India is looking at spending an additional 2 trillion rupees and balance the national economy

Inflation, Russia-Ukraine war, refugee crisis draw G7 leaders' focus

German Finance Minister Christian Lindner, the meeting's host, told reporters ahead of the meeting that Ukraine will likely need a number of double-digit billion euros over the coming months

India wants WTO to play its role in containing global inflation

The 12th ministerial conference, the highest decision-making body of the WTO, is scheduled to meet on June 12-15 in Geneva

Rupee at all-time low of 77.5 as high inflation triggers rate hike fears

The rupee plunged by 25 paise to close at its lifetime low of 77.50 as the dollar touched a fresh two-decade high amid global risk-averse sentiment and a higher-than-expected US inflation

US consumer prices slow in April; inflation stays elevated at 8.3%

The consumer price index rose 0.3% last month, the smallest gain since last August, as Fed readies for more aggressive tightening

Gold prices retreat as dollar resumes uptick; US inflation data eyed

Spot gold was down 0.4% at $1,845.89 per ounce by 12:50 p.m. EDT (1650 GMT), after rising as much as 0.6% earlier in the session

Global economy to expand more slowly as inflation bites: Reuters poll

Even without those future risks, median forecasts for global growth collected in this month's Reuters polls on over 45 economies were chopped to 3.5% this year

Hungarian govt extends price cap on fuel and staple food till July 1

According to the latest official data, the inflation rate in Hungary stood at 8.5 per cent in March, well over the 3 per cent target set by the Hungarian National Bank (MNB)

Nomura sees 75bps Fed hike in June, July; markets will absorb it: Analysts

Following the two 75 bps hikes in June and July, Nomura expects the US Fed to hike rates by 25 bps at every meeting scheduled in 2022 and 2023

World faces human catastrophe due to Russia-Ukraine war: David Malpass

World Bank President David Malpass said said that if the war continues, there will be record increases in food prices which would push hundreds of millions people into poverty and lower nutrition

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.

Gold up on prospects of more sanctions on Russia, higher inflation

Gold is highly sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding bullion while boosting the dollar, in which it is priced.

Fed hiking cycle: What next?

We may need to be prepared for greater volatility in asset markets and no Fed riding to the rescue to save markets

Markets are pricing in 25 bps US Fed rate hike: Analysts

On its part, the US has been battling a spike in inflation that hit 7.9 per cent in February - a four-decade high. The CPI has not been the highest since January 1982, when it hit 8.4 per cent

How Russia's invasion of Ukraine is tearing apart the global food system

Hungary, Indonesia and Argentina have imposed trade barriers on agricultural exports

Russia's war on Ukraine will worsen inflation, says Fed's Jerome Powell

Consumer prices are already rising at their fastest pace in four decades, having jumped 7.5 per cent in January compared with 12 months earlier

Geopolitical tensions, global inflation to put shine on gold

Keep an eye on real interest rates: if they move up, gold may lose its sparkle

IMF chief says 'too early to say' if world facing sustained inflation

The head of the International Monetary Fund said it was "too early" to say if the world was facing a period of sustained inflation

Asian shares near year-low as inflation, Omicron fears sap confidence

Asian stocks tested 13-month lows on Friday, as fears about the Omicron variant of the coronavirus, inflation concerns and hawkish pivots by the world's major central banks

Dollar pressured, Asia shares slip amid global inflation, Omicron fears

Asian stock markets and the US dollar struggled for traction on Friday after a rush of central bank meetings underlined the growing threat posed by a spike in global inflation