Continuing on its downward trajectory, food inflation in the country slipped further to 7.47 per cent for the week ended May 7 on the back of cheaper pulses, vegetables and wheat.

This is the low

The government may raise diesel prices by over 4 rupees a litre at a cabinet level ministerial panel meet on Wednesday, an oil ministry source told reporters on Tuesday.

The government may hike diesel and domestic LPG rates next week while an increase in petrol prices may happen later this week.

"The Empowered Group of Ministers (EGoM) headed by Finance Minister Pra

Food inflation fell to 8.53 per cent for the week ended April 23 on the back of fall in prices of pulses, reversing the upward trend seen in the previous fortnight.

Food inflation in the previous

The government plans to hike diesel prices by up to Rs 3 a litre soon after the Assembly elections in five states are over next week, while an equivalent steep increase in petrol rates is also on c

Oil prices eased off two-and-a-half-year highs to below $113 a barrel on Monday after President Barack Obama announced that al-Qaida leader Osama bid Laden had been killed.

Benchmark crude for June d

Food inflation inched up marginally to 8.76 per cent for the week ended April 16 on the back of rising prices of fruits, protein-based items and onions.

Food inflation stood at 8.74 per cent in t

India's food inflation nudged up after three successive weeks of decline to 8.74 per cent for the week ended April 9 compared to 8.28 per cent recorded in the previous week as fruits, meat and poultry

High prices of vegetables and manufactured items drove the headline inflation in March to 8.98 per cent, way above the RBI's expectation of 8 per cent.

The overall inflation measured on the basis o

India's inflation unexpectedly accelerated in March to nearly nine per cent, data showed Friday, piling pressure on the central bank to be more aggressive as it battles to tame price rises.

Annual he