Devastating monsoons, on which Indian agriculture relies heavily, are the main reason affecting this price surge.
The unpredictable weather has wreaked havoc on rice production in India, creating concerns about food supplies in India and beyond.
And that’s why the Indian government had to make some tough decisions.
The bureau of labor statistics (BLS) just released the inflation number for January 2023 for the United States.
There is a 0.5% increase from the December number, and inflation sits at still a whooping high of 6.4% over the last 12 months from January 2022.
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IMF projects lower global GDP growth of 3.6% for the next two years IMF’s World Economic Outlook report published on April 19, 2022 has predicted… Read More »Global economy will slow down in 2022 and 2023. What policy measures the governments should take to get back to growth trajectory?
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