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Retail inflation zooms to 4.88% in November on high food prices

New Delhi: The retail inflation rate broadly measured by the Consumer Price Index (CPI), stood at 4.88% in November, against October’s 3.58%. This was against the target set by the Reserve Bank of India’s (RBI’s) i.e. 4.0% in medium-term, especially because of soaring food prices amid unseasonably heavy rains. The rate …

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Oil companies skips LPG price revision ahead of Gujrat Election

After hiking cooking gas LPG price by Rs 76.5 in 19 times in 17 months, State-owned companies seems skipped the monthly revision in rates this month ahead of elections in Gujarat. Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) have been since July last year …

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