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The LPG crisis-forced migration to firewood in Tamil Nadu's hotel industry is going to soon lead to a rise in prices of food commodities but what has taken the fizz off in the festival season is Biryani getting dear. Muslim faithfuls rue the fact that family gatherings have shrunken during the Ramzan season, thanks to the LPG situation triggered by the ared conflict in West Asia. Tamil Nadu Hotels Association President M Venkadasubbu said, this time the hoteliers preferred to prepare even the accompaniments of biryani using firewood. "Whatever side dish people order it will be available since this time hotels have started to prepare those items also using firewood along with biryani. But the cost has increased since the price of firewood also increased. However, hotels have stopped selling those items that are deep fried," he said. Due to the sudden commercial LPG cylinder crisis, 90 per cent of the hotels are not running on profits and there has been 30 per cent drop in business f
Inflation moved higher last month as the price of gas, groceries, hotel rooms and airfare rose, along with the cost of clothes and used cars. Consumer prices rose 2.9 per cent in August from a year earlier, the Labour Department said Tuesday, up from 2.7 per cent the previous month and the biggest increase since January. Excluding the volatile food and energy categories, core prices rose 3.1 per cent, the same as in July. Both figures are above the Federal Reserve's 2 per cent target. The reading is the last data the Fed will receive before its key meeting next week, when policymakers are widely expected to cut their short-term rate to about 4.1 per cent from 4.3 per cent. Still, the figures underscore the challenges the Fed is facing as it experiences relentless pressure from President Donald Trump to cut rates. Even as inflation has ticked higher, recent government reports have also shown that hiring has slowed sharply in recent months and was lower than previously estimated last