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Thursday, December 3, 2009

Food inflation soars to 17.5%

India’s Primary article index rose to 12.53% in the week to November 21 from a year earlier, the government said today.

Food inflation rose to 12.53% as compared to 11.04% in the previous week and Non-Food articles rose to 2.22% as against 1.92% in the previous week.

The index of fuel, Power and Light group was unchanged in the week, it was -1.51% in the week to November 14, 2009. Coal Mining also remained unchanged on a week on week basis.

Mineral Oils fell to -0.85% as compared to 3.34% in week to November 14, 2009 and Electricity also stayed unchanged.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 09
20:45 Fed's Musalem speech 2
21:15 Fed's Barkin speech 2
22:30 10-Year Note Auction 1 4.435% 4.310%
23:30 FOMC Minutes 3
Thursday, Apr 10
02:20 Fed's Hammack speech 2
04:31 RICS Housing Price Balance 1 8% 11%
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
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