Cost of Living Live Updates Dec 4: Fuel prices steady. Check your city here
Cost of Living LIVE December 4: The cost of living is basically the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.
Since the Russia-Ukraine war broke out, the cost of raw materials and commodities has gone up. This has increased India's payments outgo for oil, gold, and other commodities.Fuelled by rising food inflation, the retail inflation for agricultural labourers and rural workers increased marginally to 7.08 per cent and 6.92 percent in October, respectively, from 6.70 percent and 6.55 percent respectively in September 2023, said the labour ministry in a statement on Monday.Food inflation stood at 8.42 percent and 8.18 percent for the Consumer Price Index for Agricultural Labourer (CPI-AL) and Consumer Price Index for Rural Labourer (CPI-RL) in October 2023 compared to 8.06 percent and 7.73 percent respectively in September 2023.
The values of CPI-AL and CPI-RL came in at 7.05 percent and 7.00 percent respectively during the corresponding month of the previous year.Gold rate today: On account of US Fed rate cut buzz after Jerome Powell's speech, gold price today ascended above $2,100 levels and hit a new life-time high of $2,146 per ounce levels in early morning session in Asian stock market.Gold rate today ascended to a new life-time peak in domestic market as well. Gold future contract for February 2024 expiry on Multi Commodity Exchange (MCX), opened upside and went on to hit new life-time high of ₹64,000 per 10 gm levels.
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