Food inflation in the negative for second consecutive week

January 12, 2012 12:19

News alert: Food inflation continues to be in the negative zone at (-)2.90% for week ended December 31, as against (-)3.36% in the previous week. Which means food prices should be down.

This is the second time that food inflation is in the negative. On December 24, food inflation stood at -3.36 per cent, while fuel inflation accelerated to 14.6 per cent.

RBI, which has raised interest rates 13 times since March, 2010 to contain inflation, has already paused rate hike in its December mid-quarter policy review. The central bank is scheduled to announce next policy review on January 24.

« Back to LIVE

TOP STORIES

AAP workers marching towards BJP HQ detained, Sec 144 imposed

The traffic police also issued an advisory in view of the protest planned outside the BJP office at the Deen Dayal Upadhyay Marg, while entry and exit have been disallowed at the nearest ITO metro station.

Factors that will guide the markets this week

The last batch of quarterly earnings, global trends and trading activity of foreign investors will guide the equity market movement in a holiday-shortened week ahead, analysts said. Volatility may continue amid investors' cautious...

'God's plan, baby': Yash Dayal redeems himself

Yash Dayal had the haunting memory of Rinku Singh's five consecutive sixes last year when Mahendra Singh Dhoni lofted his full-toss over the Chinnaswamy stadium roof in Saturday's crucial IPL match in Bengaluru.

Golden Girl Sobhita

After choosing the royal colour, Sobhita Dhulipala turned it up a notch higher and went for gold for her second appearance at the Cannes Film Festival.

Satwiksairaj-Chirag win Thailand Open badminton

Satwiksairaj Rankireddy and Chirag Shetty hardly broke a sweat while defeating the Chinese pair of Chen Bo Yang and Liu Yi to win the Thailand Open men's doubles crown in Bangkok on Sunday.