Consumer prices rising!

All prices of the end consumers are rising in India. This includes basic things like sugar, gas, water, milk, fuel, vegetables and pulses have gone up!

Unni Krishnan & Tushar Dhara write in...

The consumer-price index climbed 9.9 percent from a year earlier, compared with a 9.75 percent advance reported earlier for October, the Statistics Office said in a statement in New Delhi today.

India’s consumer inflation is the fastest among 17 economies in the Asia-Pacific region tracked by Bloomberg. Reserve Bank of India Governor Duvvuri Subbarao held interest rates in October, and said last week that while price gains remain high, he expects they will ease in the January-March quarter.

Prime Minister Manmohan Singh’s government last week won parliamentary endorsement for its decision to allow foreign direct investment in supermarkets, a move it says can help lower food costs. The central bank meets next week to determine policy.

Vegetable prices climbed 14.74 percent last month from a year earlier, today’s statement showed, while sugar rose 17 percent and pulses gained 14.19 percent.

Pic is from here.