Published: Tue, November 14, 2017
Economy | By Shawn Conner

Inflation hits seven-month high of 3.58pc in October

The growth in the Consumer Food Price Index - an indicator for food prices - also recovered in October, to 1.90%, after it had slowed to 1.25% in September. The Reserve Bank at its policy review in October kept the key interest rate unchanged at 6 per cent, citing upward trend in inflation. Similarly, rural inflation rose to 3.3 per cent from September's 3.15 per cent and August's 3.22 per cent, and urban inflation has gone up to 3.81 per cent as compared to 3.44 per cent in September and 3.35 per cent in August.

Food and beverage prices edged up slightly from 1.76 per cent in September to 2.26 per cent in October.

Number of Anti-Semitic Hate Crimes Edged up Last Year, FBI Reports
There were 40 hate crimes reported in the state previous year , the highest number of bias-related incidents since 2010. Of the departments that recorded a hate crime, the majority- 25 incidents, or 64 percent - occurred in Cobb County.

Data further showed that retail inflation in eggs, vegetables, pulses and spices were -0.69%, 7.47%, -23.13% and -2.15%, respectively.

Some analysts expect the GST Council's decision on Friday to slash tax rates on 178 items to 18 per cent from 28 per cent could marginally lower retail inflation in coming months. Economists said they expect the RBI to hold rates.

Contracted Soviet-derived spaceplane Dream Chaser makes successful glide test
The Dream Chaser is being developed to carry cargo to and from the International Space Station without a crew aboard. It's called a lifting body plane due to the lift being created by the body of the vehicle rather than the wings.

People bore the brunt of higher vegetable prices. Moreover, the pass-through of the goods and services tax (GST) to final prices of various goods and services may not be complete.

Ministry of Statistics and Programme Implementation has revised the Base Year of the Consumer Price Index (CPI) from 2010=100 to 2012=100 with effect from the release of indices for the month of January 2015. June was the first month the inflation fell outside the band since inflation targeting was first adopted by India.

Mass stabbing at Mall of America in Minnesota
The others in their party disarmed Abdirahaman and restrained him until police arrived a few minutes later. When confronted, he stabbed a man he had tried to rob and another in his party, police said .

Like this: