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Finance Ministry calls for greater vigil on inflation

Finance Ministry calls for greater vigil on inflation
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Inflation may stay elevated in coming months: FinMin

The finance ministry has cautioned that global and regional uncertainties and domestic disruptions may keep inflationary pressures elevated in the coming months, warranting greater vigilance by the government and the Reserve Bank of India (RBI). Russia s decision to terminate the Black Sea grain deal, along with dry conditions in major wheat-growing areas, caused a price spike in cereals. Domestic factors like white fly disease and an uneven distribution of monsoon exerted pressure on vegetable prices in India, the ministry said in its latest Monthly Economic Report for July, released on Tuesday. However, the report maintained, the recent price surge in certain food items is expected to be transitory . Tomato prices are likely to decline with the arrival of fresh stocks by the end of August or early September.

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Loaded and Rolling: Kodiak Robotics, Pilot open 1st autonomous truckport

On Thursday, self-driving trucking company Kodiak Robotics and Pilot Co. opened their first truckport for autonomous vehicles at the Pilot Travel Center in Villa Rica, Georgia. According to the news release, the truckport will be used by Kodiak to launch and land its autonomous trucks and serve as a hub for drivers to pick and drop off loads for first- and last-mile deliveries. The post Loaded and Rolling: Kodiak Robotics, Pilot open 1st autonomous truckport appeared first on FreightWaves.

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July retail sales see modest gains, reports Commerce and NRF

July retail sales see modest gains, reports Commerce and NRF
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July retail sales see gains, notes Commerce and NRF

July retail sales see gains, notes Commerce and NRF
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United statesNaveen jaggiJack kleinhenzJeff bermanNational retail federationGroup news editorRetail advisory servicesEconomist jack kleinhenzMonthly economic reportPresident retail advisory servicesBack to school shopping