Do More With Reuters
Partner Services

POLL - Inflation seen at 1.64 pct on Oct 24

Wed Nov 4, 2009 6:51pm IST
 
Email | Print | | Single Page
[-] Text [+]

By Boby Michael

MUMBAI (Reuters) - India's annual inflation rate is forecast to have edged up to 1.64 percent as at Oct. 24 from 1.51 percent a week earlier, with food prices expected to have risen marginally, a Reuters poll of 20 analysts showed on Wednesday.

Analysts said higher fuel and manufactured goods prices could contribute to WPI inflation in the weeks ahead.

"We expect the prices of fuel and manufactured goods to push up the rate of inflation in the coming months, while food prices should see a seasonal moderation in November and December," said Sonal Varma, an economist at Nomura.

The food articles index in WPI rose an annual 12.85 percent as on Oct. 17, slower than 13.34 percent in the previous week.

The monthly consumer price inflation was at 11.64 percent for September little changed from 11.72 percent a month earlier, government data showed last week.

The central bank has said the divergence in CPI and WPI rates

was mainly due to a sharp rise in food prices, which have higher

weightage in CPI.  Continued...

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

Photo
People stroll outside the Taj Mahal hotel ahead of the first anniversary of the militant attacks in Mumbai, November 24, 2009.  REUTERS/Punit Paranjpe
Investors worry about another attack

The risk of militants striking again worries investors who fear that a second attack similar to last year's Mumbai raids could shake the economy.  Full Article | Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

road to Copenhagen

BLOGS

Photo
Calculated Move

Reliance aims big with $12 bln bid for LyondellBasell.  Blog 

SHOWCASE

Capital Raising
Capital Raising

Analysis - China banks' rush for billions could trip markets.  Full Article 

 
Photo
Bonus Payout

"Bonus" has become a dirty word on Wall Street.  Full Article 

 
Bubble trouble?
Bubble trouble?

With the BSE Sensex at around 17,000 points, are the Indian equity markets looking at a possible bubble?   Commentary 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Recovery Path
Recovery Path

Indian techie logging out of downturn gloom.  Full Article 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
Risky Proposal
Risky Proposal

Rupert Murdoch courts trouble if he blocks Google on news.  Full Article