Inflation data was released yesterday and the food inflation for the week ended September 17, reached to 9.13 per cent as against 8.84 a week ago.

Food Inflation is a post from: First Blog for Indian Financial Market

India’s central bank Tuesday took measure that the goveenment failed to make ,it  hiked its key rates by 50 basis points each in the 11th such exercise since January 2010 to tame inflation, setting the stage for commercial banks to raise their interest on personal and corporate loans.

The repurchase rate, or the interest levied on short-term borrowing by commercial banks, has been revised to 8 percent from 7.5 percent, while the reverse repurchase rate — the interest on short-term lending — was hiked to 7 percent from 6.5 percent.

RBI raises Interest rate by 50 basis points is a post from: First Blog for Indian Financial Market

Inflation for june 2011 rises to 9.4% and Inflation figure for April 2011 revised upwards to 9.74% – Sorry RBI you have not done the job right yet , taming of interest rates is not enough yet.India’s WPI based inflation for June 2011 has inched up to 9.44% from 9.06% in May 2011. The inflation for three major sub-groups such primary articles, fuel & power and manufactured products increased to 12.2%, 12.9% and 7.4% in June 2011 from 11.3%, 12.3% and 7.3%, respectively in May 2011. More importantly, the Government has continued to revise provisional figures sharply upwards. The inflation figure for April 2011 has been sharply revised upwards to 9.74% compared to 8.66% reported earlier.

Primary Articles.

-Inflation for food articles eased to 18.6% from 22.3% in May,while that for food articles was steady at 8.4%.
-Inflation for minerals surged to 27.0% in June from 11.9% in May 2011.

fuel and power group
The inflation for fuel and power group rose to 12.9% in June 2011 from 12.3% in May 2011.

-Inflation for coal and electricity was steady at 13.3% and 1.3%,
-Mineral oils increased to 16.8% in June 2011.
-In mineral oils, the inflation for petrol, diesel and LPG increased to 30.6%, 6.6% and 12.2% during June 2011.

Manufactured products group

Inflation for food products has accelerated to 8.5% in June 2011 from sub-zero level in January 2011.
Chemical products and basic metals also rose slightly to 7.4% and 8.9% in June 2011.
Inflation for machinery & machine tools, textiles and transport equipments eased to 2.9%, 14.7% and 2.2%, respectively in June 2011.

Inflation Data comes out – No body likes it is a post from: First Blog for Indian Financial Market

For almost 3 weeks the Food inflation has been declining and that has halted now , food inflation surged to 8.55 per cent for the week ended May 14 from 7.47 per cent in the previous week, The main reason is increase in prices of fruits, milk and protein-based items.The fresh spike in food inflation is not good news, either for the consumer who has been groaning under the overall inflationary impact or the government which has been striving to contain the price spiral. For one, the increase in petrol prices by Rs.5 a litre with effect from May 14 is yet to be factored into the WPI (wholesale price index) data and this will be reflected in the data for the week ended May 21.

Food Inflation at 8.55 Per Cent for week ending May 14th 2011 is a post from: First Blog for Indian Financial Market

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