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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, Jun 25
04:15 Exports 2 $7.68B $7.84B
04:15 Imports 2 $6.44B $6.41B Revised from $6.42B
04:15 Trade Balance NZD (MoM) 1 $1,235M $1,060M $1,285M Revised from $1,426M
05:45 Fed's Schmid speech 2
07:00 Monthly Consumer Price Index (YoY) 3 2.1% 2.3% 2.4%
13:30 ZEW Survey – Expectations 2 -22
14:15 BoE's Lombardelli speech 2
14:30 BoE's Pill speech 2
16:30 MBA Mortgage Applications 1 -2.6%
18:00 BoE's Lombardelli speech 2
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