-Moneycontrol.com India was supposed to be largely insulated from the war between Russia and Ukraine as far as prices of food items were concerned. However, there are signs that the conflict in Europe is adding to Indians' wheat bill. On April 18, data from the commerce ministry showed India's Wholesale Price Index (WPI) inflation unexpectedly rose to a four-month high of 14.55 percent in March. And while energy and metals led the...
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Why wheat prices have shot up despite India’s huge reserves -Vivek Kaul
-Livemint.com Central stocks haven’t been released while exports were upped to fill a Ukraine war-created vacuum One side effect of Russia attacking Ukraine has been a rise in global wheat prices. Wheat importers are struggling. I had written about this possibility in this space on 23 March (‘Like oil, soaring prices of wheat could have broad repercussions’). Towards the end, I had said that India was unlikely to be impacted primarily because...
More »WPI inflation rises to 14.55% in March, completes one year in double-digit territory
-MoneyControl.com The rise in wholesale inflation in March to a four-month high comes after data released on April 12 showed the more closely-tracked headline retail inflation rate jumped to a 17-month high of 6.95 percent last month India's inflation based on the Wholesale Price Index (WPI) rose to a four-month high of 14.55 percent in March from 13.11 percent in February, according to data released by the commerce ministry on April 18. The...
More »Delhi's Auto, Taxi Drivers Start 2-Day Strike Today Over Fuel Price Hike
-ANI/ NDTV.com Auto, Taxi Drivers Strike In Delhi: Several unions of auto and cab drivers are demanding that the fare rates be hiked and fuel prices be reduced. New Delhi: To protest against the soaring fuel prices, members of auto, taxi and cab drivers' associations in Delhi have decided to go on a strike from Monday for two days. Several unions of auto and cab drivers are demanding that the fare rates be...
More »What’s fuelling higher inflation in rural India? -Vikas Dhoot
-The Hindu Why are food, clothing and fuel prices higher in the hinterland? Will a good monsoon help ease the crisis? The story so far: The retail inflation rate surged to 6.95% this March — its highest level in nearly one and a half years, capping off six successive months of accelerating prices for consumers. With incremental fuel price hikes only kicking in during the latter half of March, the full impact...
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