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Charts & Analysis

Oct 2011 Monthly Inflation at 9.73%

October Monthly Inflation – the more comprehensive Inflation report – comes in at 9.73%, which seems to be quite high as a headline number.

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Component wise, Fuel is up the most:

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While Manufactured goods is the seriously large component (65% weight) it seems to have reduced a bit in the index. This might be the RBI measures working, or it may simply be a phase before the rise resumes.

Meanwhile the new 10 year yield went to 8.96%, while the earlier 10 year bonds were around 9.04%: there was no big move. The BankNifty Index opened up nearly 1.5% but ended in the red, down 0.4% at 9256.