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Rupee Hits Lifetime-Low Of 76.96, Tracking Flying Oil Prices And Weak Domestic Equities

The rupee hit a lifetime low of 76.96 per dollar as a surge in crude oil prices threatened to push up imported inflation and widen trade deficits. ....

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Economic Survey 2021-22 warns India needs to be wary of imported inflation

India s Consumer Price Index inflation stood at 5.6 per cent YoY in December 2021 which is within the targeted tolerance band, the survey report presented in the Parliament by Finance Minister Nirmala Sitharaman noted. ....

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Kenya's new kitchen crisis brewed in Asia

THE STANDARD
By
Dominic Omondi |
February 2nd 2021 at 07:39:40 GMT +0300
A weak shilling and a host of disruptive factors in some of the country’s key source markets have led to a spike in retail prices. [Standard, file]
What started as a rumour of a sharp increase in the prices of cooking oil quickly turned into a protest, as the kitchen crisis worsened.
As expected, most shoppers were incensed by the “greedy” retailers. No one blamed the market. Perhaps because the market is abstract and distant.
Few Kenyans care about what is “cooking” in the swathes of palm oil plantations in the two islands of Borneo and Sumatra in Asia. They only care for what is cooking in their kitchen. ....

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