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US wholesale prices fall in September

Published

9 years ago

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Washington: US producer prices declined in September, raising concerns about possible rising deflationary pressure.

The produce price index (PPI) for final demand declined 0.5 percent in September, compared to zero growth in August, quoted the labour department as saying on Wednesday.

Two thirds of the PPI decrease was attributable to prices for final demand goods, which fell 1.2 percent in the month, said the department. The index for final demand services edged down 0.4 percent.

Excluding the volatile food and energy sectors, the so-called “core” PPI fell 0.3 percent in September, compared to an increase of 0.3 percent in August.

The US Federal Reserve last month opted to delay an interest rate hike considering the low inflation environment as well as the turbulent global economic and financial market development.

However, most Fed officials, including Fed Chairwoman Janet Yellen, believed factors, such as the strong US dollar and low oil prices, which are weighing down on the inflation level, will prove temporary, and the inflation will gradually move up to the Fed’s 2 percent target.

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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