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Years ago it was the Covid pandemic, then Russia–Ukraine conflict, then came Trump’s tariffs and now the world is witnessing a raging crisis in the Middle East. Different timelines, different circumstances but each time, the impact lands closer home. In the first week of the raging conflict with Iran, the US spent $11.3 billion. But…
US wholesale prices rose more than expected in February, reflecting mounting inflationary pressures even before the recent surge in global energy prices linked to the Iran conflict, according to data released by the Labor Department as reported news agency AP.The department reported on Wednesday that its producer price index (PPI), which measures inflation at the…
NEW DELHI: : WPI inflation inched up in Feb, led by rise in food and mineral product prices. Experts said elevated energy prices triggered by West Asia conflict could exert upward pressure. Inflation, as measured by wholesale price index rose annual 2.1% in Feb, higher than previous month’s 1.8%. Source link
Amid the LPG shortage in India due to the ongoing Middle East conflict, induction cooktops are seeing rising demand in India as households look for alternatives. In several cities, some induction cooktop models have gone out of stock on quick commerce platforms, while others are reportedly being sold at higher prices due to the increased…
GURGAON: Amjad Ali, owner of Alam Chicken Biryani Corner in Udyog Vihar, is now down to his last cylinder. He feels helpless; his routine supplier first refused any further deliveries and then stopped taking his calls entirely. “Despite several efforts, I could not arrange cylinders. I will have no option but to close the dhaba….
NEW DELHI: Retail inflation inched up by 47 basis points in Feb, largely led by an increase in food & beverages and personal care & effects inflation. The West Asia conflict is likely to add further pressure.Data released by the National Statistics Office (NSO) on Thursday showed retail inflation, as measured by the consumer price…
NEW DELHI: Govt has asked states and UTs to lift from the Central Pool rice and wheat under the free foodgrain scheme for three months in advance (till June) and distribute them to beneficiaries immediately. This directive comes as govt warehouses are brimming with rice and wheat stocks and little space is available for storing…
India’s retail inflation edged higher in February, largely on the back of rising food prices, according to official data released on Thursday.Data from the National Statistics Office (NSO) showed that inflation measured by the Consumer Price Index (CPI) rose to 3.21 per cent in February, up from 2.74 per cent in January. Despite the increase,…
Infosys employees in Bengaluru, Pune, and Chennai face menu limitations and suspended live counters due to a commercial LPG shortage (Representative image) BENGALURU: Employees at Infosys’ Bengaluru campuses may have to forgo dosa cravings for a few days as disruptions in commercial LPG supply force food courts to limit menu options and suspend live counters.Infosys…
The United Nations on Tuesday warned of “significant risks” to global trade and development, including higher food prices and cost-of-living pressures, if the Strait of Hormuz remains closed amid the ongoing Middle East conflict.A report by the UN Conference on Trade and Development (UNCTAD) said the military escalation following US–Israeli strikes on Iran and Tehran’s…
