Saturday, 24 February, 2018

Wholesale prices fall to six-month low

Wholesale prices fall to six-month low WPI inflation in January eases to six month low of 2.84 per cent on cheaper food articles
Russell Knight | 15 February, 2018, 20:59

The wholesale price index (WPI Index) eased to a six-month low of 2.84 % in January mainly due to cheaper food articles.

In January, wholesale food prices rose 1.65% since the same month a year ago, down from a 2.91% rise in the previous month, the data showed. The previous low level was recorded in July at 1.88 per cent.

The index for Food Articles group declined by 2.4 percent to 140.6 from 144.1 for the previous month. This, in conjunction with the strengthening of the INR, may help to counteract the impact of factors such as rising crude oil prices on the overall WPI inflation for January 2018.

According to the government data released on Thursday, inflation on food articles slowed to 3 per cent in January, from 4.72 per cent in December 2017.

Buzzing Today: Owner of 'Mysterious snake' Who Swallowed N36M From JAMB Confesses
Besides, the world has heard the whole story; what I am just waiting for is the final report of the panel", she stated. The Head of Media and Public Relations of JAMB, Dr.

Army foils infiltration bid along LoC in Jammu and Kashmir's Balakote area
Pakistan has repeatedly condemned increasing ceasefire violations by Indian forces due to which, several civilians have lost their lives.

James wins bronze in snowboard halfpipe
The bronze is Australia's 14th Winter Olympics medal and fifth bronze. "I was expecting a real hard battle, and a battle it was". James becomes the second Australian medallist of the PyeongChang Winter Olympics after Matt Graham won silver in the moguls.

According to the figures released by the Ministry of Commerce and Industry here, the price of pulses has declined by 30.43 per cent, wheat by 6.94 per cent and cereals by 1.98 per cent compared to prices in January a year ago.

Pulses witnessed deflation at 30.43 %, and the same for wheat and cereals was 6.94 % and 1.98 % respectively.

Fuel and power segment's inflation rate was 4.08 per cent. LPG with 19.89 per cent has been expensive compared a year ago. This is different from the consumer price index-based inflation, which reflects price changes in the retail market.

Meanwhile, inflation for November has been revised upwards to 4.02 per cent from the provisional estimate of 3.93 per cent released earlier.

Recommended

India vs South Africa, 6th ODI India vs South Africa, 6th ODI Veteran South Africa batsman Hashim Amla has admitted that he has been "very impressed" with Aiden Markram's style of captaincy. Of course, people want to talk me, they can talk about me. "But I don't believe it will spin that much in England", he said.

Black Panther, A Cultural Phenomenon in the Making Black Panther, A Cultural Phenomenon in the Making And yes we know this means some positive reviews are most likely fake as well, but that's bound to happen on sites like this. Marvel then hired Reginald Hudlin to rewrite that origin in the 2000s. "So I get to play with things I get to see every day".

Cyber experts identify destructive malware used against Olympics Cyber experts identify destructive malware used against Olympics None of the cybersecurity firms have named the threat actors possibly responsible for the attack or provided any details regarding its origin.

Cisco's Robbins thanks software for return to revenue growth Cisco's Robbins thanks software for return to revenue growth The company forecast third-quarter revenue to grow by 3 percent to 5 percent over the $11.6 billion Cisco reported a year ago. In a statement Cisco said it took an $11.1 billion one-time charge because of recently enacted USA tax reform.

Senate leaders McConnell and Schumer share stage in Kentucky "This is going to be done or not done this week", No 2 Senate GOP leader John Cornyn of Texas told reporters . District Court for the Eastern District of New York blocking Trump's order to end DACA on that date.

Scientists predicted a quick global catastrophe Scientists predicted a quick global catastrophe Pinatubo in the Philippines and the annual El Niño and La Niña phenomenon. Changes in the sea level rise can result to more flooding and erosion.

JR Smith Wanted To Bench Himself Amid Shooting Struggles JR Smith Wanted To Bench Himself Amid Shooting Struggles With about two minutes left in the second quarter, Osman picked off Irving's pass and had a clear lane for a dunk. No one should blame Smith for having a hard time in the hours before the trade deadline.

McDonald's drops cheeseburgers and shrinks fries in new Happy Meals McDonald's drops cheeseburgers and shrinks fries in new Happy Meals The American Heart Association , along with the Clinton Foundation, is a co-founder of the Alliance for a Healthier Generation. Since 2001, the company and its franchisees have distributed more than 370 million books in Happy Meals .

Kevin Durant sets Warriors scoring mark with 50 in loss to Blazers Kevin Durant sets Warriors scoring mark with 50 in loss to Blazers The Warriors had no answer for Damien Lillard tonight as he dropped 44 points with 18 of those coming in the first quarter. The play was reviewed and the basket was disallowed, one that would have cut the Warriors' four-point deficit into one.

Jordan to receive over USD1bn annual American aid Jordan to receive over USD1bn annual American aid Tillerson called the package "a signal to the rest of the world that the U.S. -Jordan partnership has never been stronger". But the main opposition body - including the members Tillerson met on Wednesday - boycotted the conference.

Jacob Zuma has resigned as president of South Africa Jacob Zuma has resigned as president of South Africa Media captionWho is Cyril Ramaphosa? "We will hold you accountable and I will see you in 2019 on the ballot box", Maimane said. But Zuma's office said there was no "official communication" of any impending address but urged the media to wait.

Trump warns: 'Last chance' to 'solve the DACA puzzle' Trump warns: 'Last chance' to 'solve the DACA puzzle' The moderates' measure does not alter a lottery that distributes about 55,000 visas annually to people from diverse countries. Trump would want to focus that money on construction of a U.S. -Mexico border wall.

PNB fraud: Priyanka Chopra sues Nirav Modi over non-payment of dues PNB fraud: Priyanka Chopra sues Nirav Modi over non-payment of dues However, he returned to Mumbai to learn the diamond trade from his uncle Mehul Choksi, who is the Chairman of Gitanjali Group. A-listers from Hollywood like Kate Winslet and Dakota Johnson wore his brand to the red carpet of award shows.

Inspired Entertainment Incorporated (NASDAQ:INSE) Can't Be Less Risky. Short Interest Decreased Inspired Entertainment Incorporated (NASDAQ:INSE) Can't Be Less Risky. Short Interest Decreased The firm earned "Buy" rating on Monday, September 18 by RBC Capital Markets. (NYSE:NOV) on Wednesday, July 5 with "Hold" rating. The rating was maintained by Wedbush on Wednesday, November 9 with "Outperform". (NASDAQ:NXST) rating on Wednesday, November 9.

New Planets Discovered During K2 Mission New Planets Discovered During K2 Mission The Kepler spacecraft was launched in 2009 and was re-purposed by engineers and astronomers after a mechanical failure in 2013. Kepler finds exoplanets by looking for dips in the light from a star as a planet passes across its face during its orbit.