-NDTV.com Wholesale price-based inflation rose to a record 15.88 per cent in May, it highest under the current series launched in 2012, government data showed. Wholesale price-based inflation (WPI) rose to a record 15.88 per cent in May from a year ago, its highest in the current series launched a decade ago, government data showed on Tuesday. That suggest despite a softer reading in May's retail price pressures data on Monday, it would...
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Why Telangana’s inflation is high compared to other states -Paul Oommen
-TheNewsMinute.com Telangana is among four states that have recorded the highest inflation in terms of Consumer Price Index, as per data released by the National Statistical Office (NSO). In April, when the country’s Retail Inflation surged to an eight-year-high of 7.79%, state-wise data showed that Telangana had one of the highest inflation rate in the country: 9.02%. It was behind two other states—West Bengal which had 9.12% and Madhya Pradesh with 9.10%....
More »Why is your tadka getting more & more expensive? Blame India’s reliance on edible oil imports -Nikhil Rampal
-ThePrint.in Indians spending 14% more on edible oil compared to last year. Experts expect a cooldown if no shocks prevail, government says ‘situation under control’. New Delhi: A bottle of cooking oil is a constant in every Indian kitchen, but its price is not. According to data sourced from the Department of Consumer Affairs, by 16 May, consumers in the country were spending an average of 14 per cent more, or an extra...
More »Central excise duty on petrol and diesel cut, says FM Nirmala Sitharaman -Vikas Dhoot
-The Hindu The measures included a ₹8 reduction in central excise duty per litre of petrol and a ₹6 cut in the duty on diesel. Finance Minister Nirmala Sitharaman unveiled a slew of measures to rein in runaway inflation on Saturday evening, including duty cuts on petroleum products, a ₹200 subsidy on LPG cylinders for the poor and a rejig of import duties on plastic and steel products. A reduction in central excise...
More »Inflation Spiral is Hitting the Working Poor the Hardest -Sanjay Roy
-IPA News Service/Newsclick.in Time is ripe to do away with every central cess on petroleum products and reject the government’s narrative that the poor are hurt less by higher prices than the rich. The country is in the grip of an inflationary spiral resulting in a galloping price rise of all essential goods used by people. This crushing price burden is making life exceedingly difficult for the rural and urban poor. The retail...
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