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ML sectoral trends

Shares of printing & publishing companies soared 19%, while shares of hotels companies and office equipment companies advanced 11% each. Stocks of steel companies, garments companies and steel products companies declined 4% each. Stocks of airlines companies fell 3%.

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Food Inflation

Combined food inflation stood at 9.14% for July 2014, significantly higher from 7.96% recorded for June 2014. For rural and urban areas, food inflation was 9.56% and 8.32%, respectively, in July. Inflation in vegetable prices was higher, at 16.88% in July, compared to 9.07% in June. Inflation in fruit prices was 22.48% in July, while pulses were dearer by 5.85% year-on-year. Inflation for cereals stood at 7.45% and inflation for milk products was 11.26%. The price rise of non-vegetarian items, such as eggs, meat and fish, was 7.68% in July compared to 8.27% in June 2014. 

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