-The Indian Express Food Inflation owes largely to agricultural markets being regulated by outdated laws. The RBI governor, Raghuram Rajan, has a difficult task this week. He has to decide whether to keep interest rates constant or raise them - bearing in mind the possible taper of the US Fed's bond buying programme, a decline in industrial production and a rise in Inflation. The sharp increase in consumer price-based Inflation, to more...
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WPI Inflation surges to 14-month high of 7.52% -Somesh Jha
-The Business Standard Food prices rise 19.93% year-on-year in November The wholesale price Inflation continued to show an uptick in November as it casts a shadow over possibility of a rate cut by the Reserve Bank of India in its upcoming monetary policy review. The Wholesale Price Index (WPI), a measure of Inflation at wholesaler's level, rose to 7.52% in November from 7% a month ago mainly due to continued rise in vegetable...
More »Inflation at 14-Month High, Food Prices Rise by 20%
-Outlook Costly vegetables, particularly potato and onion, pushed the November wholesale Inflation to a 14-month high of 7.52 per cent, making it difficult for the Reserve Bank to ease key policy rate. Vegetable prices shot up by 95.25 per cent in November as compared to 78.38 per cent in the previous month, said the Wholesale Price Index (WPI) Inflation data released today. The overall Inflation in the food segment comprising wheat, pulses, vegetables,...
More »Onion cheer & tomato tears -Somesh Jha
-The Business Standard Onion prices in wholesale markets of Mumbai declined 48.6%, the steepest among the four metros, compared to October In November, onions, which stoked Inflation in recent months and probably played a part in the Congress party's dismal performance in four Assembly elections, turned cheaper in four major cities - Mumbai, Delhi, Chennai and Kolkata - at both the wholesale and retail levels. However, the decline in wholesale prices was...
More »India has highest Inflation rate in Asia
-The Times of India NEW DELHI: The Indian economy, Asia's third-largest, faces a difficult situation where growth has slowed to a decade low but price pressures have remained stubborn. It has one of the highest Inflation rates in the world, and the highest in Asia. Weak growth and high Inflation also complicated the policy choice for the central bank. Separate data released by the Central Statistics Office showed industrial output slumped 1.8%...
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