| THE INFLATION WE HEAR MOST OF Rocketing crude oil prices since March 2004 and more than doubling of iron and steel prices in the past one year (due to China's imports and a rising domestic demand) are the biggest causes of spike in this headline rate of inflation.  Cilck here to see the Infographic THE INFLATION THAT MATTERS MOST Food prices account for 57 per cent of consumer price index but just 27 per cent of wholesale price index. Slower rise in consumer prices is one sure indicator that food prices haven't surged as yet, barring vegetable prices. Among the three categories of consumers agriculture workers are facing the lowest rate of inflation.  Cilck here to see the Infographic PICK YOUR INFLATION One inflation rate for the whole country makes little sense. People in different regions have different consumption patterns. For a more realistic assessment of how badly inflation is hurting you, pick the city you live in.  Cilck here to see the Infograpic KEY CULPRITS If the surge in vegetable prices isn't showing up in overall inflation, it is because they account for just 1.5 per cent of the wholesale price index  Cilck here to see the Infographic THE FEAR OF REVERSAL If inflation spurts further interest rates could begin to rise, making loans more expensive  Cilck here to see the Infograpic GLOBAL PRICES Developing economies have a higher rate of inflation than developed countries  Cilck here to see the Infographic SO WHAT LIES AHEAD Most fore- casters expect the flare-up in wholesale prices to subside-provided the agriculture harvest is good and oil prices are stable  Cilck here to see the Infographic |