-The Hindu CPI for agricultural and rural workers increased by 10 points each last month Rising food prices spurred an increase by 10 points each in the all-India Consumer Price Index (CPI) for agricultural and rural labourers, respectively, last month, the Ministry of Labour and Employment said in a release on Saturday. An increase in the prices of rice, wheat-atta, jowar, bajra, ragi, vegetables and fruits contributed the bulk of the spike in...
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The poor are bearing the brunt of inflation -Krishna Raj
-The Tribune The prices of essential food items have increased by 50% in seven years, whereas the real wage rate has risen by 22%. These figures show that inflation has outsmarted the real income of the poor, making their lives miserable as the food basket constitutes a substantial proportion of the total expenditure on the poor. The net effect is that the poor earn less and take loans to maintain the...
More »Bharat fuelling retail inflation -Shishir Sinha
-The Hindu Business Line Experts attribute it to higher cost of providing goods and services and more money under schemes Retail inflation based on Consumer Price Index (CPI) for rural areas is higher than urban areas for four successive months with West Bengal, Madhya Pradesh, Telangana and Haryana recording double-digit rural retail inflation in April. These are among the 17 States that witnessed higher retail inflation in rural areas. However, in Karnataka, Kerala,...
More »All is Not Well With India's Gig Economy -Nilanjan Banik
-TheWire.in The bargain between companies and their 'employees' must become more equitable. The continuation of the Russia-Ukraine war is raising the fear of an imminent stagflation (a combination of inflation and unemployment led by a low growth). Worldwide inflation numbers are on the rise. Most sources of data are suggesting a higher inflationary regime. In March 2022, the US, the largest economy in the world, recorded a 41-year high inflation of 8.1%....
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...
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