Fibres are fuelling the wholesale price inflation, currently at almost six times the WPI growth rate. Milk prices have again witnessed a small spike. But thankfully, other food articles have shown a marginal decline, helping contain the overall inflation at 3.83%.
Wholesale price inflation: 3.83%
Fibres 22.3%
Oil seeds 10.8%
Milk 9.5%
Beverages & tobacco 9.3%
Non-food articles 8.8%
Textiles -3.7%
Fruits & vegetables -3.5%
Other minerals -1.5%
Condiments & spices -0.8%
Electricity -0.7%
Figures are percentage annual rise in wholesale price index for the week ending 12 January 2008.
5 Fixed deposit rates | ||
| Banks | Maturity | Interest rates |
| Tamil Mercantile Bank | 400 days | 9.75% |
| Axis Bank | 1 year to less than 2 years | 9.00% |
| IDBI Bank | 500 days | 9.00% |
| ICICI Bank | 590 days | 8.75% |
| Kotak Bank | 1 year to less than 2 years | 8.75% |
| Source: Bank websites | ||
Bank FD rates are still above 9%. However, this may not be the case for too long. If you are looking for low-risk guaranteed returns, get locked now
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