Services sector growth remain strong in November; PMI recorded at 58.4
The headline Purchasing Managers’ Index (PMI) figure, compiled by S&P Global and released by HSBC, was recorded at 58.4 in November.
The headline Purchasing Managers’ Index (PMI) figure, compiled by S&P Global and released by HSBC, was recorded at 58.4 in November.
Amid rising tomato prices that are burning a hole in common man's pocket across the country, the government on Friday said the prices of the commodity are expected to stabilise within the next 15 days.
The surge in farm prices is only being partially passed on to the consumers, thereby securing the interests of both the stakeholders -- consumers and farmers.
According to the Tamil Nadu Spinning Association and reports from other places, the average price of cotton was Rs35,000 a candy (345 kg) in October 2020 and it rose to Rs 55,000 in October 2021, when the new cotton season started.
According to the vegetable vendors too, there will be no reduction in price in the near future amid the shortfall in supply.
The flight ticket prices have risen from Rs 50,000 to over Rs 70,000 and the students say it is this financial hurdle that is forcing them to stay put despite the advisory by the Indian government. On normal days, the flight tickets would cost Rs 21,000-Rs 26,000. But now, due to the Russia-Ukraine tensions, the rates have jacked up.
The data released by the Minister revealed that while the average petrol prices have gone up by 52.34 %, the average prices of diesel and LPG have gone up by 64.23 % and 55.97 % respectively.
The cost-of-living increase was mainly influenced by higher prices for petrol, mortgage interest payments, and second-hand motor cars, Dewbery said.
Inflation -- measured by the Consumer Price Index (CPI) -- has increased to its highest level in 21 months -- driven by a record rise in global oil prices, undermining earlier gains, Dawn reported.
The pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on November 4, remained at the same level on Monday. The diesel prices also remained unchanged in the capital at Rs 86.67 a litre.
