The weekly numbers for the December 3 week continued on a much higher plane even as governments and markets battled with the 9+ figure for November with Fuel group capped at a 0.3 MOM increase to a 15.23% rate, Food  rate down to 4.35% from a 6.6% in Nov 26 figures, and Primary articles looking distinctly sunny at 5.48% instead of more than 7% last week. Thus mfg inflation / basic inputs contributing to that would have also stayed below 4% and the series distinctly showing signs of beating 8% for December except the Fuels number as prices catch up with our dear dollar basket

Commodities globally have finally entered a decent correction phase as Gold was beaten to the haven by the Dollar, running behind investment allocations as its lower value starts bringing down global portfolio sizes and increasing allocations to equities in just maintaing share of allocation..In case you did not get that, please write..

Posted via email from The India Investment Post