Urban Inflation

Urban consumer price inflation may have slowed for the second straight month in April 2013; but, at 9.39%, it still remains a major concern. Urban inflation had peaked to 10.84% in February 2013. The decline in inflation was driven primarily by a significant decline in food inflation which eased to 11% from 12.18% in March. A significant decline was seen in the prices of vegetables as inflation...

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Commodity focus

Price on MCX is up 21.3% since February, making it one of the best performers amongst commodities otherwise wilting under the impact of slowing demand. Natural gas stood at Rs236/mmBtu on 23rd May, driven by warmer weather in the US and fears of a supply shortfall. Storage in the  US stood at 2.053 trillion cubic feet (cf), 680 billion cf less than in 2012. Prices are expected to trend...

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