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Charts & Analysis

CPI Inflation for Nov 2013 at a Whopping 11.24%


Consumer Price Index based inflation for November 2013 is at 11.24%, based largely on rising food prices.


The WPI (wholesale price) data will be out on the 16th.

Food inflation is at 14%, while many of the other components seem to have mellowed down. Clothing, Fuel, Medical and Transport are all lower than they used to be. However this is temporary, because diesel price hikes had been stopped and they have been resumed now.

CPI Components

The housing price increases continue at 10%.

Rural inflation has overtaken urban CPI inflation, with prices going up 11.74%.

CPI Rural and Urban Impact: Should we expect a rate hike when the RBI reviews monetary policy on December 18? I wouldn’t jump the gun just yet, give the bad IIP numbers and the fact that food prices have come down in December already. Onions are much cheaper.

The high inflation, though, does its damage through mistrust, a taste of which the government got in state elections. While food prices may come down, the non-food elements still carry around about 8% inflation in them, and that will need action to control.

We’ll have to wait and see which way the RBI thinks, and even the recent Rajan speech hasn’t cleared the air.

  • Px says:

    Winter months are the months when we see food price deflation … when prices of food stuf halve due to better yields and lower damage due to cold.
    Cauliflower Peas beans etc prices literally crash in winter
    But for the last 3+ yrs this has never happened and this yr is the worst i guess !
    I suspect strong manipulation along the chain

  • DJ says:

    Its insane. Do people even care what they eat in this country? Apparently 50% of the milk supply in the summers in NCR is reconstituted from milk powder and fat. And, lord knows where the fat comes from. People don’t even seem to bother. Insanity. Malthus is going to be correct in India, looks like.

  • Kaushik says:

    Indians have now become insensitive to the insane inflation situation. Its not India,its allover world. Ppl have forgotten how to react. The day actual ppl will start to react violently for food & water,the whole system will come down. So far all the agitations we see ppl appointed politically do it and rest of the actual ppl continue to suffer without a word. It will continue till the point it doesnt.

  • mangoman says:

    Indians are not insensitive.
    Many indians are neck deep into real estate investments. The real fact is that they dont want that to come down along with inflation.
    That means the bloody indian thinks he can stay hungry but his house value should not come down. 🙂