WPI inflation at 12.07% in June
The Hindu
Inflation in wholesale prices stayed high in June, with provisional data pegging it at 12.07% following the record high of 12.94% in May. An official statement attributed the high inflation rate to th
Inflation in wholesale prices stayed high in June, with provisional data pegging it at 12.07% following the record high of 12.94% in May. An official statement attributed the high inflation rate to the low base effect from June 2020, which recorded -1.81% inflation, and the rise in prices of petrol, diesel, naphtha and ATF, as well as basic metals, food products and chemicals.More Related News
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The U.S. President’s economic and tariff policies and measures to secure his country’s borders may seem justified in terms of promoting his nation’s interests but have wider ramifications not only for Americans themselves, but also for the rest of the world. His tariff proposals will result in supply chain disruptions, lead to market and currency volatility, disrupt capital and trade flows, contribute to inflation and cause a decline in world trade and economic growth, worsening the plight of the poor, especially in developing economies.