In a way it captures the irony of our times. Isn’t it a bit strange that Saudi Arabia, the perceived beneficiary of the relentless oil price hike, should host a summit expressing ‘concern’ on the rising oil prices?
This high-profile summit was held in Jeddah, Saudi Arabia, last week after crude prices more than doubled over [...]
Inflation for the week-ended June 7 is at 11.05% Vs 8.75%.Inflation at 13 yr high
Inflation rose to a seven year high of 8.75% in the last week of May, as compared to 8.24% in the previous week. This is the fastest rise in inflation since February 2001. However, the worst is yet to come. The latest figure does not reflect the recent increase in auto fuel prices announced on [...]
India`s inflation rate may be revised to 10 percent from the latest estimate of 7.82 percent as data for prices of different commodities is updated, London-based publication ‘The Economist’ has said.
“Delays in data collection in India can mean big revisions to inflation… The latest wholesale price rate inflation rate might therefore be pushed up to [...]
Warning that the battle against inflation will fail if states do not join hands with the centre, Commerce and Industry Minister Kamal Nath today said the fresh offensive on price control may include a ban on forward trading and bringing steel under ESMA.
In an interview to CNN-IBN, Nath said,”If the states are not going to [...]
Raising hopes that the fiscal measures taken by the government are yielding results, inflation based on the wholesale price index (WPI) declined to 7.14% for the week ended April 5 from the previous week’s level of 7.41%.
Inflation stood at 6.44% in the corresponding week of the previous year.
While prices of edible oils, fruit and condiments [...]
Inflation moves up to 7.41%