Thursday, June 23, 2011

Food Inflation @ 10 week high

Food inflation in India today touched a two-and-half-month high of 9.13% in the week ended June 11 on the back of costlier fruits, milk, onions and protein-based items.The latest food inflation numbers are the highest since the week ended March 26, 2011, when the rate of price rise of food items touched 9.18%.
 
The latest forecast by India Meteorological Department's (IMD) suggest that the monsoon is expected to be 95% of the long term average. A below normal monsoon can have a serious fallout on agricultural output.If inflation does not moderate by june end RBI might go for another rate hike of 25 bps if not 50 bps.

1 comment:

  1. I absolutely adore reading your blog posts, the variety of writing is smashing.This blog as usual was educational, I have had to bookmark your site and subscribe to your feed in i feed. Your theme looks lovely.Thanks for sharing.

    trade4target

    ReplyDelete

15 Stock Investment Tips from Rakesh Jhunjhunwala

1. Always go against tide. Buy when others are selling and sell when others are buying.  2. If you believe in the growth prospects o...