Food, energy and prices of manufactured products cooled down, hinting that a spike in input costs for companies due to the Ukraine conflict is now easing.
Inflation in September this year is due to rise in prices of mineral oils, food articles, natural gas among others. In August, WPI was 12.41% and 11.80 % last year in September.
According to data released Monday, retail inflation softened to a four-month low of 5.3% in August, from 5.59% in the previous month, led by subdued prices of food articles.
Wholesale prices in India, a proxy for cost buildup, surged 10.5% last month — the most in 11 years. Consumer price inflation, meanwhile, slowed to 4.3% from 5.5% in March.
The low base of March 2020, when the data was computed with a low response rate due to the nationwide Covid lockdown, also contributed to a spike in inflation in March 2021.
Disenfranchisement by institutional fiat is profoundly undemocratic. The effect of the ECI's new documentary process in Bihar will tilt the scales in favour of the BJP.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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