Food Inflation Soars Again, Hits 10.05%

02 September, 2011

India’s Food price index rose 10.05 per cent, its highest in nearly six months, and the fuel price index climbed 12.55 per cent in the year to Aug. 20, government data on Thursday showed.

In the previous week, annual food and fuel inflation stood at 9.80 percent and 13.13 per cent respectively.

The primary articles index was up 12.93 per cent, compared with an annual rise of 12.40 per cent a week earlier.

The Reserve Bank of India (RBI) has raised interest rates 11 times since March 2010 to tame headline inflation, which stood at 9.22 per cent in July.

The RBI continues to expect inflation to start easing by November-December and was watching for signs of moderation in demand, Deputy Governor Subir Gokarn had said last week.

 


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Food Inflation Soars Again, Hits 10.05%

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