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Rising Inflation Reflects Supply Shocks And Cost Pressures Nationwide Why in the News ? India has witnessed a sharp rise in Wholesale Price Index (WPI) inflation, driven mainly by higher crude oil prices influenced by strategic competition between major economies including US and China, and food supply disruptions caused by weak monsoon conditions. The trend …
Read MoreWhy in the News ? Urban consumers are concerned about stagnant incomes amid rising commodity prices, leading to increased spending. Despite improved job prospects, pessimism persists about the overall economic situation, with many struggling to meet their financial needs. Income Stagnation Amid Rising Job Optimism: A significant share of urban consumers remains optimistic about job …
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