Bank Credit Growth has moved up steeply from the lows of sub-10% about six months ago, to over 15% as announced two weeks back.   (Click for a larger image) Credit growth is still low comparing the last four or so years, but it’s looking li…

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ICICI and HDFC hike auto loan rates, end teaser loans for housing loans: [The] country’s two leading private lenders ICICI Bank and HDFC Bank on Thursday raised lending rates for auto loans, in a clear signal that rates would harden in the coming…

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The figures for January are out – the inflation at the Wholesale Price Index (WPI) level is now 8.56%. The Primary Articles Inflation (Read: Food) is also going up (reported weekly): The RBI knows now that raising interest rates isn’t likel…

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Inflation at the Wholesale Price Index Level (WPI) for all commodities is now only announced once a month. Only one part of it – Primary Articles, which includes Food, Cereals and Grains – is announced weekly. As of yesterday that’s showing infla…

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A little late perhaps, but the most recent inflation chart:

(Click for a larger image)

If the prices continue at the long term trend levels we will see index levels of 245 in JFM 2010. That corresponds to the 2009 levels of about 228; inflation wil…

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Business Standard: Mobiles and Digicams to be added to WPI (HT commenter Bingo)

Over 300 new items such as mobile phones and digital cameras would figure in the new wholesale price index (WPI) that would give a better picture of the price situation.

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A quick look at the latest inflation chart:

(Click for a larger image)

We’re just a tad off the all time highs in the WPI. What happens now? Two alternatives, in my humble opinion.

One, that inflation will go back to it’s normal rise – although th…

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Time for an inflation revision. Latest is -1.58%, but the graph doesn’t look like it’s falling very much. (Click for a larger image)

What’s interesting is the past revisions – for nearly three months ago – are higher than one thinks, making the grap…

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The latest inflation report has inflation at -1.55%. This is WPI inflation but the slope of it is doggedly positive. At 234.7, the index is at the highest level since 15 November 2008:

What’s also interesting is that the revisions of two month past …

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India’s Wholesale Price Index has fallen compared to last year, giving us the first negative figure in 30 years, with a -1.61% printed. Of course this may be revised, etc.

The longer term trend seems to be intact, so no deflation per se. Food is an …

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