Inflation data misleading; wholesalers and government pocketing profits, alleges Congress

Inflation data misleading; wholesalers and government pocketing profits, alleges Congress

A day after the government released data underlining that the Wholesale Price Index-based inflate rate fell to a seven-and-a-half-year low in May, the Congress said the data was misleading and claimed that only wholesalers and the government were benefiting from the falling prices and the benefit was not being passed on to the end consumer. Addressing … Read more

Prices of essential medicines set to see a hike from April 1

Prices of essential medicines set to see a hike from April 1

A senior Health Ministry official said that the price hike was to ensure that there would be no shortage of medicines in the market, and that manufacturers and consumers mutually benefit. File | Photo Credit: The Hindu Prices of 384 essential drugs and over 1,000 formulations are set to see a hike of over 11%, due … Read more

Road projects to see 2-5 per cent hike in inflation-linked toll rates in FY24: Report

Road projects to see 2-5 per cent hike in inflation-linked toll rates in FY24: Report

Inflation-linked toll rates of various road projects will see a moderate hike of 2-5 per cent in the next fiscal year due to falling wholesale price index, a report said on Monday. Rating agency Icra has revised down the outlook on the toll road sector to stable from positive for FY24, citing the easing wholesale … Read more

$10 barrel rise in crude to add 40-60 bps to CPI, CAD by 0.4 per cent of GDP: Report

photo

Rising crude prices could derail most economic fundamentals besides putting a pressure on the currency and other markets. Though the direct impact on fiscal deficit is not expected to be significant. Estimates by economists at public sector lender- Bank of Baroda- shows that a 10 per cent increase in crude prices could add to retail … Read more

March wholesale inflation up to 8-year high of 7.39%

photo

The wholesale inflation rate rose to a more than eight-year high of 7.39% in March, official data released on Thursday showed, on the back of increased prices of crude oil, petroleum goods and basic metals. A low base effect also contributed to the spike – wholesale inflation was 0.42% in March last year. This is … Read more