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.
Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities.
In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
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