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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: John Vosilla who wrote (69716)	9/13/2006 8:07:50 PM
From: bond_bubble	of 110194

Inflation du jour in India: economictimes.indiatimes.com MUMBAI: The rise in global crude oil prices may not have hurt consumers much. But rising foodgrain prices will. Be prepared to pay more for your daily food basket. Even after some measures to curb rising foodgrain prices, these are set to rise further and inch towards the 10% mark. Besides, in the case of many pulses like tur, chana and urad, retail prices of split lentils are almost twice those of the whole lentils’ prices. .......... For the consumer, the impact of the rise in foodgrain prices is more direct and severe than the hike in crude oil prices also because foodgrains are not as subsidised by the government as crude oil. The government, on its part, is also trying to curb prices of essential commodities through other methods. To prevent hoarding, the central government has empowered state governments to impose stock limits on essential commodities such as wheat and pulses. In line with the directive from the Centre, the Maharashtra government on Tuesday came up with stock limits on wheat and pulses under the provisions of Essential Commodities Act, 1955.

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