Soaring prices

Soaring prices

So far, inflation was being driven by higher food prices, including higher prices of manufactured foods.

Also See Soaring prices (Graphic)

The January Wholesale Price Index data show, however, that non-food manufactured prices are also rising. The HSBC Markit Purchasing Managers’ Index for Services shows that prices charged for services increased in January. The pressure is building for a hike in policy rates by the Reserve Bank of India.

Graphic by Ahmed Raza Khan/Mint