Skip to main content

Featured

Canada’s Inflation Rebounds to 2.4% in December After Tax Holiday Effect Fades

Food prices were expected to rise on a year-over-year basis because December 2024 restaurant prices had been lowered by the temporary GST holiday that ended in early 2025.  Canada’s annual inflation rate accelerated to 2.4% in December , coming in hotter than economists expected and marking a noticeable uptick from November’s 2.2%. The increase was driven largely by a “base‑year effect” tied to last year’s temporary federal GST/HST holiday, which had artificially lowered prices during the same period a year earlier. With those discounts no longer part of the comparison, categories such as restaurant meals, alcohol, and children’s goods appeared more expensive on a year‑over‑year basis, pushing the headline inflation figure higher. Despite the jump, underlying price pressures continued to ease. Key core inflation measures — which strip out volatile items — cooled for the third straight month, suggesting that broader inflation momentum is still slowing. Month‑to‑month, consumer pr...
Post a Comment
Read more

article

Labels

Farmers' Protest Escalates as Police Clash with Marchers in India

 

Tensions flared as Indian police clashed with hundreds of farmers marching towards New Delhi to demand guaranteed crop prices. The protest, reminiscent of the 2021 demonstrations, saw tear gas and barricades deployed by authorities at the Shambhu border crossing between Punjab and Haryana.

Farmers, who began their march from Haryana and Punjab, are seeking legal guarantees for minimum support prices (MSP) for over 20 essential crops. The government's current policy protects only rice and wheat prices, leaving farmers struggling with rising cultivation costs and stagnant incomes.

The authorities have suspended internet services in some Haryana districts to hinder communication among protesters. Despite the heavy security measures, farmers remain resolute, vowing to continue their march until their demands are met.

The situation remains tense as both sides stand their ground, with farmer leaders criticizing the government's lack of progress on promises made in 2021. The farmers' determination underscores the ongoing struggle for fair agricultural policies in India.



Labels:

Comments

Post a Comment