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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...

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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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Waging war for sustenance -Aunindyo Chakravarty

-The Tribune Disruption in supplies due to Ukraine crisis may create food shortage, price distortions The war in Ukraine has become a war on the world’s poor. Russia and Ukraine, together, accounted for a quarter of the world’s wheat exports, one-sixth of global corn exports, nearly a third of barley and three-fourths of the export of sunflower oil. American sanctions on Russia mean it cannot sell its extra wheat in the global...

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Retail Inflation Shot Up to 6.95% in March: Government

-TheWire.in It is for the third straight month that the retail inflation remained above the Reserve Bank of India's comfort zone. New Delhi: Consumer price-based inflation jumped to 6.95% in March, mainly on account of costlier food items, according to government data released on Tuesday. The Consumer Price Index (CPI) based inflation was 6.07% in February. The inflation in the food basket was 7.68% in March, up from 5.85% in the preceding month. It is...

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Chief economic adviser flags US rate hikes, oil prices as headwinds for Indian economy -Shubham Batra

-ThePrint.in V. Anantha Nageswaran says he is surprised by Fed's hawkishness in hiking rates. With US inflation hitting 4-decade high in February, Fed raised rates in March and plans more hikes. New Delhi: Expectations of the United States Federal Reserve hiking rates aggressively in 2022-23 to contain inflation, and volatility in global crude oil prices as result of the Russian invasion of Ukraine, are two strong headwinds confronting the Indian economy in...

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