According to the data released by the ministry of commerce and industry on Monday, the wholesale price index (WPI) inflation, more closely watched than the consumer price index (CPI), advanced 8.31% in the month of February versus 8.23% in January after prices of fuel and manufactured products went higher. The rise in the monthly inflation numbers was unexpected as economists and experts ... [Continue Reading]
Petrol Price Hike by Rs.2.96 per Litre, From Tuesday Midnight
All the major oil marketing companies in India were forced to hike the prices of petrol by Rs.2.96 per liter w.e.f Tuesday midnight (15 Dec 2010), as we saw a surge in the crude oil price in last week. This will definitely create a pressure on the economy, as we may again see inflation surging ahead. ... [Continue Reading]