Price indices Current Affairs, GK & News

Emerging economies more vulnerable to big oil price moves: Nomura report

The Japanese financial services major Nomura has analysed the impact of the twin drone attacks which targeted Abqaiq, the site of the largest oil processing plant run by the Saudi state oil company, Aramco, and the Khurais oilfield. The attacks wiped out more than half of Saudi Arabia’s crude supply. The attack has surged the ..

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Ramesh Chand head of working group to revise current series of Wholesale Price Index

The Union Government has constituted an 18-member working group for the revision of the current series of Wholesale Price Index (WPI) under Chairmanship of Prof. Ramesh Chand, Member of NITI Aayog. The revision of the base year would help in presenting a more realistic picture of the price situation and its impact on people. The ..

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CPI-M releases Manifesto for Lok Sabha elections

The CPI-M has proposed a stoppage of mass surveillance which promises to enforce the farmers right to sell their produce at a Minimum Support Price, which is at least 50 per cent higher than the total cost of production. The minimum wage is not to be less than Rs 18,000 per month. This will prevent ..

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Producer Price Index (PPI): RBI proposes for PPI to measure inflation

The Governor of RBI, D. Subbarao has mooted for a Producer Price Index (PPI) to measure the average change over time in the sale prices of domestic goods and services. Currently, it uses Consumer Price Index (CPI) and Wholesale Price Index (WPI) to aid in measuring inflation. But WPI does not capture price movements of ..

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Food inflation up 9.9%

The latest data released by the commerce and industry ministry has shown that the wholesale price index for food articles rose an annual 9.90% in the week to July 30, rising from 8.04% in the previous week. Food prices had displayed tentative signs of easing in the previous months but have remained volatile. The data ..

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