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May 26: Inflation rises again

  • May 26: Inflation rises again

    May 26: Inflation rises again

  • <p>A labourer (C) carries a 50kg sack of onions on her head as she moves it to a delivery truck at a wholesale market in Pune, south of Mumbai</p><p><b>The food price index rose 8.55% in the year to May 14, government data showed on Thursday, picking up pace from an annual rise of 7.47% a week ago.</b></p><p>The fuel price index climbed 12.11%, unchanged from a week earlier.</p><p>The primary articles price index was up 11.60%, compared with an annual rise of 10.94% a week earlier.</p><p>The weekly food inflation has slowed from the double-digit rise for much of 2010, but headline inflation at 8.66% in April remains considerably above the RBI&#39;s comfort level and will pressure rates higher.</p>

    A labourer (C) carries a 50kg sack of onions on her head as she moves it to a delivery truck at a wholesale market in Pune, south of Mumbai

    The food price index rose 8.55% in the year to May 14, government data showed on Thursday, picking up pace from an annual rise of 7.47% a week ago.

    The fuel price index climbed 12.11%, unchanged from a week earlier.

    The primary articles price index was up 11.60%, compared with an annual rise of 10.94% a week earlier.

    The weekly food inflation has slowed from the double-digit rise for much of 2010, but headline inflation at 8.66% in April remains considerably above the RBI's comfort level and will pressure rates higher.

  • <p>A vendor loads empty Liquefied Petroleum Gas (LPG) cylinders onto a truck in Mathura
</p><p><b>A panel of ministers may meet on June 9 to discuss raising prices of diesel, kerosene and cooking gas, an oil ministry source told reporters on Thursday.</b></p><p>"My expectation is that diesel, LPG (liquified petroleum gas) and kerosene should go up. An EGoM (empowered group of ministers) will decide on the quantum," the source said.</p>

    A vendor loads empty Liquefied Petroleum Gas (LPG) cylinders onto a truck in Mathura

    A panel of ministers may meet on June 9 to discuss raising prices of diesel, kerosene and cooking gas, an oil ministry source told reporters on Thursday.

    "My expectation is that diesel, LPG (liquified petroleum gas) and kerosene should go up. An EGoM (empowered group of ministers) will decide on the quantum," the source said.

  • <p>A model presents a creation from the Burberry 2010 Autumn/Winter collection during London Fashion Week</p><p><b>Burberry is stepping up spending on new stores and upgrading existing ones to cash in on a boom in spending on luxury goods, it said on Thursday, as it met forecasts with a 39% leap in annual profit.</b></p><p>The British maker of raincoats and handbags, best known for its camel, red and black check pattern, said it would invest 180-200 million pounds ($292-325 million) in the year to March 2012 on new shops and refurbishments in major cities like London, Paris, Chicago, Hong Kong, Shanghai and Sao Paulo.</p><p>That is up from 108 million pounds in the year just ended.</p>

    A model presents a creation from the Burberry 2010 Autumn/Winter collection during London Fashion Week

    Burberry is stepping up spending on new stores and upgrading existing ones to cash in on a boom in spending on luxury goods, it said on Thursday, as it met forecasts with a 39% leap in annual profit.

    The British maker of raincoats and handbags, best known for its camel, red and black check pattern, said it would invest 180-200 million pounds ($292-325 million) in the year to March 2012 on new shops and refurbishments in major cities like London, Paris, Chicago, Hong Kong, Shanghai and Sao Paulo.

    That is up from 108 million pounds in the year just ended.

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