WPI inflation has remained in double digits for the ninth consecutive month beginning April. Inflation in November was 14.23 per cent, while in December 2020 it was 1.95 per cent.
Americans have ramped up spending amid shortages of workers and raw materials that have squeezed supply chains.
Companies including Panasonic, LG, Haier have already reviewed prices upwards, while other makers such as Sony, Hitachi, Godrej Appliances may take a call by the end of this quarter.
Once growth recovers, inflation will become the focus. With domestic inflation risk on the upside, along with the overhang of global interest rates going up, domestic interest rates are likely to increase.
CPI Inflation continued to rise for the second consecutive month, reversing a three-months of ease which started in July.
The Congress on Tuesday accused the BJP government of trying to divert the country's attention from real problems like price rise faced by common people to non-issues of caste and religion.
All India Congress Committee General Secretary, K.C. Venugopal wrote a letter to all state governments on Friday, saying that after withdrawal of the three Union farm laws, 'Kisan Vijay Diwas' will be celebrated by the party across the country on Saturday.
While some economists and Fed officials have been suggesting the regulator move faster to rein in ultra-low-rate policies, other policymakers have favoured a more patient approach to interest rates.
"Stability in the retail prices of pulses has been achieved on account of pre-emptive and proactive measures taken by the government such as taking import of tur, urad and moong from 'restricted to free category' with effect from May 15, in order to ensure smooth and seamless imports," the Union Ministry of Consumer Affairs, Food and Public Distribution said in a release.
Retail Inflation was on an easing trajectory from July-September after being above the RBI-mandated threshold of 6 per cent owing to the disruption caused by the second wave of the COVID-19 pandemic.
Rajasthan Chied Minister Ashok Gehlot pointed at the rising inflation in the country and took a dig at the Modi Government for 'gifting' it to the Indians on Diwali.
In its quarterly results revealed on Thursday, the company said that it would be considering increasing the prices of its products in order to mitigate the impact of persistently high inflation.
The local currency opened at 75.10 against the dollar compared to Tuesday's close at 75.35 against the greenback. The rupee oscillated between 74.83 to 75.13 against the dollar during trade today. The currency market was closed on Tuesday on account of ‘Id-E-Milad’.
This compares to a cooling-off to 5.3 per cent recorded in August this year. The calm in inflation figures came after several months wherein the inflation levels had breached the threshold 6 per cent mark mandated by the RBI.
With US sanctions still strangling the economy, record-breaking inflation has hit ordinary Iranians where it hurts most.
Beneath the glossy sheen of an up-and-coming economy - the dreams and aspirations of many an Indian have been diminished over the decade. Several, just forced to barely survive.
Beneath the glossy sheen of an up and coming economy - the dreams and aspirations of many an Indian have been diminished over the decade. Several, just forced to barely survive.
RBI's September 2021 bulletin said inflation outcome for August 2021 "vindicated" the Monetary Policy Committee's suggestion for treating the May price shock as transitory
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.
The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.