The WPI-based inflation appears to be moving in sync with CPI which shot up to an 8-month high of 7.34 per cent in September, mainly on account of rising prices of food items.
Fuel, power basket inflation fell 9.84 per cent in July from 13.60 per cent in June. Manufactured products saw inflation of 0.51 per cent in July from 0.08 per cent in June.
WPI inflation data signals weak demand & allows RBI to further cut rates to support an economy headed for first annual contraction in more than four decades.
Inflation in food articles during May stood at 1.13 per cent, as against 2.55 per cent in April, according to a statement released by the commerce and industry ministry.
According to govt data, the increase in prices of certain food items was partially neutralised by static prices of manufactured goods during August 2019.
From Mughal ports to Dutch wars to Bombay’s merchant dynasties, Gujarati Muslims once shaped the Indian Ocean world — long before one of their descendants took New York.
While main elements behind terror module have been nabbed, more arrests will take place, including some professors & academicians who were part of the ring, it is learnt.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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