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.
Research paper, however, finds lowest indebtedness level among Muslims at 12.3% & highest among Hindus at 14.9%. Overall national financial inclusion level at 87.2%, indebtedness at 14.7%.
Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.
On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.
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