AL JAZEERA ENGLISH (AJE)Inflation data has come put today and “The annual rate of inflation, calculated on point to point basis, stood at 14.50% (Provisional) for the week ended 17 July 2010 compared with 16.48% last week “. The index for ‘Food Articles’ group rose by 0.6% to 299.3 (Provisional) from 297.6 (Provisional) for the previous week due [...]
Inflation and Food Inflation data for week ending 17th july 2010 is a post from: First Blog for Indian Financial Market
Inflation data was released previous week and it raised marginally , According to the data India’s annual food inflation rose to 12.81 % for the week ending July 3 2010,This is directly related to the hike in fuel prices in the last week of June which made pulses and cereals costlier. The food inflation was [...]
Inflation and Food Inflation raises Marginally is a post from: First Blog for Indian Financial Market
For the week ending June 19, the annual food inflation for India went down to 12.9 per cent. This, say analysts, has happened because of the low base-effect. Previous week the figure stood at 16.9 per cent.
There was seen a 7 per cent decrease in onion while the potato prices went down by 40 per cent. The price of cereal as well as wheat went up but by only single digit. Overall, the inflation was weakened.
A raise of 0.9% in inflation would be the outcome of the deregulation of fuel prices. Kaushik Basu, the chief economic adviser of the Finance Ministry feels that.
Basu had been found saying on Friday that the petrol prices will be totally deregulated, the diesel price will see partial deregulation where the oil marketing companies for under recoveries will get a fixed subsidy, and any international price hike will give rise to the price rise in the domestic retail rates.
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