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.
The latest interest rate cut by the US Federal Reserve should have been a routine step in a predictable easing cycle.
The Wholesale Price Index (WPI) based inflation for September was recorded at 0.13%, driven by increase in prices of manufacture of food products, other manufacturing, non-food articles, other transport equipment and textiles etc.
In comparison to August, there is a decrease of 53 basis points in headline inflation.
It said the food inflation for August stood at -0.69%, rising 107 basis points compared to July. Corresponding inflation rates for rural and urban areas are -0.70% and -0.58%, respectively.
India’s annual rate of inflation based on the All India Wholesale Price Index (WPI) number fell to a two-year low of -0.58 per cent in July, staying in negative territory for the second consecutive month.
