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One of the main indicators of inflation in India, the wholesale price index, in June, peaked since December 2013 to 5.77% after rising to 4.43% in May, according to official data. Analysts had predicted the growth of the index to 5.23%. Last month, the price index for fuel, electricity and lighting increased by 16.2%, which led to an increase in inflation in the country. Wholesale prices in June compared with May increased by 1.1%. The price of industrial goods grew by 4.17%, food - by 1.8%. Earlier it was reported that the growth rate of consumer prices in India increased in June in annual terms to 5% from 4.87% in the previous month. The growth of the indicator was observed for the third month in a row.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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