Food Inflation At 9.8% Year-On-Year As On Aug 13

25 August, 2011

India’s food price index rose 9.80 per cent and the fuel price index climbed 13.13 per cent in the year to Aug. 13, government data on Thursday showed.

In the previous week, annual food and fuel inflation stood at 9.03 per cent and 13.13 per cent respectively.

The primary articles index was up 12.40 per cent, compared with an annual rise of 11.64 per cent a week earlier.

India’s central bank has raised interest rates 11 times since March 2010 to tame headline inflation , which stood at 9.22 per cent in July.

The Reserve Bank of India continues to expect inflation to start easing by November-December and was watching for signs of moderation in demand, Deputy Governor Subir Gokarn said on Tuesday.

A top policy adviser had said last week that India’s headline inflation was likely to stay at around 9-10 per cent until December.

 


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Food Inflation At 9.8% Year-On-Year As On Aug 13

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