WPI is dragged down by a fall in overall input costs for manufacturers on the back of favourable commodity prices. It was recorded at 4.73 per cent in January.
While a lot has been talked about commodities that have become expensive, not much is being talked about commodities that are selling cheaper than last year.
WPI inflation has remained in double digit for the seventh consecutive month. Inflation in September this year was at 10.66 per cent, while in October 2020 it was at 1.31 per cent.
The high rate of inflation was due to the rise in prices of mineral oils, basic metals, non-food articles, food products, crude oil & natural gas, chemicals & chemical products etc.
WPI inflation however remained double-digit for the third consecutive month in June, mainly due to a low base of last year. WPI inflation was at (-) 1.81%, in June 2020.
The political trajectory is clear. Asim Munir is now prepared to convict and sentence Imran Khan for instigating a rebellion against the army chief, with no possibility of mercy.
Report looks at imbalance between equity & corporate bond markets amid India’s growth ambitions and diverse capital needs, while outlining strategy to unlock full potential.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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