


There is a lot of concern about inflation. Most of it is based on perusing the following numbers of the year-on-year changes in price indexes:
Jul
Aug
Sep
Oct
CPI (IW)
11.9
11.7
11.6
11.5
WPI
-0.7
-0.2
0.5
1.3
WPI Food
13.3
14.0
15.7
13.4
WPI fruits,vegs
15.5
12.0
24.6
11.1
True inflation in India is somewhere between the CPI-IW (which overstates the importance of food) and the WPI (which overstates the importance of tradeables and thus the exchange [...]
David O. Meltzer and Zhuo Chen explored the relationship between minimum wage rate in the U.S and body weight (link):
“Growing consumption of increasingly less expensive food, and especially “fast food”, has been cited as a potential cause of increasing rate of obesity in the United States over the past several decades. Because the real minimum [...]
The progress of the 2009 monsoon seems to be 29% below normal. This may be adversely affecting food prices. In the latest available data, inflation based on CPI-IW has surged back to values near 10%. (This is the three-month moving average of the rate of change of seasonally adjusted [...]





