Price Wise

Price Wise
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  • Wholesale price inflation is at 7.61 per cent and may touch 8 in August

  • Energy price hikes and rising global prices of commodities like steel have sent costs zooming

  • Lack of rains and then floods have also temporarily made veggies dearer.

  • The worst worry is of global oil prices going over $50 a barrel

  • But the government won't raise interest rates as it'd hurt growth. So it cut duties on petrogoods instead.
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