Retail inflation* remains high in India

Emerging markets are in the midst of a meltdown as a combination of various factors has resulted in foreign investors pulling out money. Of course, many of the problems are country specific. And yet there are some economic indicators which point out to the same trend. One such indicator is the rise in consumer prices. As today's chart of the day shows, barring China, all the other BRIC nations have been seeing higher consumer prices. India leads the pack by a wide margin with consumer prices being just below the 10% mark. In India's case, the RBI's policy of gradually hiking interest rates has not really worked. And the Indian government has not done its bit in eliminating supply side bottlenecks.