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.
The Election Commission's arrogant functioning and its failure to ensure the integrity and fairness of elections could well be the undoing of India’s electoral democracy.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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