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Monday, December 14, 2009

Food inflation a matter of concern - FM

Inflationary pressures on food items in India is a matter of concern, Finance Minister Pranab Mukherjee said on Monday.

Data showed on Monday wholesale price index rose 4.78 percent in November from a year earlier, higher than previous month's annual rise of 1.34 percent.

The food price index rose an annual 16.71 percent in November from a year earlier.

"There is an inflationary pressure on food items. It is a matter of concern," Mukherjee told.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 09
23:30 FOMC Minutes 3
Thursday, Apr 10
02:20 Fed's Hammack speech 2
03:00 Fed's Kashkari speech 2
04:31 RICS Housing Price Balance 1 2% 8% 11%
06:30 Consumer Inflation Expectations 2 4.2% 3.6%
15:30 RBA Governor Bullock speech 3
18:00 Initial Jobless Claims 2 223K 219K
18:00 Initial Jobless Claims 4-week average 1 223K
18:00 Continuing Jobless Claims 1 1.880M 1.903M
18:00 Building Permits (MoM) 1 -0.8% -3.2%
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