Repeated hikes in CNG, petrol and diesel prices across metro cities are expected to increase commuting and logistics costs, adding fresh pressure on consumers and transport operators.
Congress president Mallikarjun Kharge on Monday launched a sharp attack on Prime Minister Narendra Modi over rising inflation, unemployment and the condition of the economy, alleging that the Centre had failed to provide relief to citizens struggling with financial hardship.
India’s inflation numbers are beginning to tell two very different stories. One is reassuring.
Americans are paying more for groceries, gasoline and other everyday necessities as inflation accelerates again, with economists increasingly pointing to geopolitical conflict and energy disruptions as key drivers of rising living costs.
A sharp increase in petrol and diesel prices in Punjab has raised concerns over rising transport costs, agricultural expenses and a possible spike in essential commodity prices.
With prices of essential commodities, including vegetables shooting up considerably on the eve of the Durga Pujas, chief secretary Manoj Pant will convene a high-level meeting at the state secretariat tomorrow in order to put a check on price rise, said sources at Nabanna.
The all-India Consumer Price Index-Industrial Workers (CPI-IW) for August decreased by 0.1 points, and stood at 142.6.
As we move into the second half of the fiscal year, the Reserve Bank of India’s (RBI) forecast of a 4.5 per cent average inflation rate brings some optimism.
After the rate cut decision, the US dollar turned higher, putting pressure on gold like safe commodities.
The wholesale price index (WPI)-based inflation in August cooled to a four-month low of 1.31 per cent.
