India

No, you’re not going crazy – pack sizes are shrinking

It’s the inflation you’re not supposed to see. From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly reducing package sizes without lowering prices. It’s called “shrinkflation,” and it’s accelerating around the world. In the United States, a small box of Kleenex now contains 60 tissues; a few months ago there were …

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India shows no signs of slowing down in Russian oil purchases

Russian crude flows to India expected to reach 3.36 million metric tons in May, according to Refinitiv estimates. This is nearly 9 times higher than the 2021 monthly average of 382,500 metric tons. Overall, the country has received 4.8 million metric tons of Russian oil at a discount since the Ukrainian War started, added Refinitiv. …

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