The retail price (CPI) index-based inflation jumped to an all-time high of 11.24%, driven primarily by high vegetable prices. The inflation stood at 10.09% in October, entering double digits for the first time in six months. The biggest culprit was vegetables where the inflation zoomed to 61.60% in November against 45.67% in October. Overall, food and beverages inflation rose to 14.72% from 12.56% over the period.
High retail as well as wholesale inflation could spoil the rally going on in equities as further rise in interest rate is inevitable. Economists think that RBI would tighten monetary policy further at its review next week.
|
|
Oct,
12
|
Nov, 12
|
Dec, 12
|
Jan, 13
|
Feb, 13
|
Mar, 13
|
Apr, 13
|
|
CPI
Inflation
|
9.75%
|
9.90%
|
10.56%%
|
10.79%
|
10.91%
|
10.40%
|
9.30%
|
|
WPI
Inflation
|
7.32%
|
7.24%
|
7.31%
|
7.31%
|
7.28%
|
5.65%
|
4.77%
|
|
|
May, 13
|
June, 13
|
Jul, 13
|
Aug, 13
|
Sep, 13
|
13-Oct
|
Nov, 13
|
|
CPI
Inflation
|
9.31%
|
9.87%
|
9.64%
|
9.52%
|
9.84%
|
10.09%
|
11,24%
|
|
WPI
Inflation
|
4.58%
|
5.16%
|
5.85%
|
6.10%
|
6.46%
|
7%
|
|
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