-MoneyControl.com India has suspended futures trading in seven commodities with immediate effect in its latest move to rein in soaring inflation. The Finance Ministry has suspended trading in futures contracts of some agricultural commodities for one year to reign in inflation. Trading in seven commodities - paddy (non-basmati), wheat, chana, mustard seeds and its derivatives, soya bean and its derivatives, crude palm oil and moong - has been suspended with immediate effect, according...

-National Herald Hindi films have rarely had songs on inflation. But of the few that have, the 1974 flick Roti, Kapda aur Makaan and the 2010 release Peepli Live stand out. Roti, Kapda aur Makaan had the superhit song …bhaaki kuch bachcha to mehangai maar gayi (…whatever was left, inflation took it away). The Peepli Live song went like this, …sakhi saiyan to khub hi kamaat hain, mehangayi daiyan khaaye jaat hai (O,...

-The Telegraph The November figures stand out vis-a-vis a modest 2.29 per cent in the same month last year Wholesale Inflation spiked to a 30-year high at 14.23 per cent in November — a level that hasn’t been seen since India embraced economic liberalisation in 1991. The surge was led by a vault in the prices of food, fuel and power, basic metals and chemical products. Inflation based on the wholesale price index (WPI)...

-The Hindu Business Line Besides global factors, structural inflation, which is sticky, might be setting in. The RBI should be ready November readings for wholesale and consumer price index, the first at a three decade high and the second at a more modest three-month high, are a cause for concern. They raise questions over whether the Monetary Policy Committee’s projections for retail inflation will hold. A 14.2 per cent spike in WPI...

-Hindustan Times Edible-oil prices continue to be dearer due to high global prices, prompting the Union government last week to tighten measures Vegetable prices, especially of tomato and onion, have risen in urban centres, including the national capital, on the back of higher fuel prices and damage to summer crops due to heavy rains, wholesale and retail trade data showed on Sunday.  Edible-oil prices continue to be dearer due to high global prices,...