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.
CSE, one of India’s oldest bourses, is edging towards a voluntary exit. It could never recover from market manipulation scam that caused a payment crisis at exchange back in 2001.
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.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
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