India has just not been able to control its consumer price index, which is now amongst the highest in the world, next only to Venezuela. Rising food prices and improving rural conditions is putting pressure on prices with the CPI inflation for Feb 2013 at 10.86 per cent. Here's a comparison of consumer inflation between India and some of its peers for Feb 2013.
India has just not been able to control its consumer price index, which is now amongst the highest in the world, next only to Venezuela.
China's consumer inflation at 3.2 per cent for February is the lowest from among the BRIC nations - that is Brazil, Russia, India and China. Over the year's the country has been able to manage its inflation well, though growth in the country has not been stupendous as in the past.
Brazil's inflation in February accelerated faster than economists forecast to 6.31 per cent. This is still much lower than India's. But investors now worry that the central bank in Brazil would raise the key lending rate in April.
Russia's consumer inflation at 7.3 per cent for Feb is not too good. The growth rate of the country is also well below expectations, though a rise in oil prices can fuel growth once again since the country is the largest exporter of oil and gas.
Indonesia's inflation for February is reasonable at 5.3 per cent. The country is now being seen as an attractive investment destination and is often compared to the BRIC pack, as growth rates are pretty decent.