May WPI inflation hits over 7-year low of (-) 3.48% on declining fuel, manufactured items prices
Wednesday, 14 June 2023 The wholesale price-based inflation rate fell to a seven-and-half-year low of (-) 3.48 per cent in May on easing prices of food, fuel and manufactured items, strengthening the case for the RBI to continue with the rate hike pause in the current fiscal. This is the second straight month when WPI has been in the negative zone, mainly due to a higher base and falling prices of fuel and manufactured goods. Food prices also eased during May.
Inflation Cooling , While Consumer Prices , Remain High.
In May, consumer price growth fell to
the lowest level since March of 2021,
according to Bureau of Labor Statistics. .
NBC reports that data would seem
to suggest that inflation may finally be
starting to come down in a meaningful...
Nigeria's President Bola Tinubu has asked for patience as he defends his decison to stop subsidizing fuel. The government says the subsidy, which has been in place since 1977, will officially..
US Government , Facing Lawsuit Over , Drug Price Negotiation Program.
On June 6, Merck announced a lawsuit against the
United States arguing that the Inflation Reduction
Act violates both the Fifth..
Credit: Wibbitz Top Stories Duration: 01:31Published
Wednesday, 14 June 2023
![End of fuel subsidies hits struggling Nigerians hard [Video]](https://video.newsserve.net/300/v/20230611/1686471346-End-of-fuel-subsidies-hits-struggling-Nigerians-hard.jpg)
![US Government Facing Lawsuit Over Drug Price Negotiation Program [Video]](https://video.newsserve.net/300/v/20230606/1353753947-US-Government-Facing-Lawsuit-Over-Drug-Price-Negotiation.jpg)
