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Food inflation eases slightly to 7.33% from 7.58%

Food inflation eases slightly to 7.33% from 7.58%
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First Published: Thu, Jul 28 2011. 01 06 PM IST
Updated: Thu, Jul 28 2011. 01 06 PM IST
New Delhi: Food price index rose 7.33% and the fuel price index climbed 12.12% in the year to 16 July, government data on Thursday showed.
In the previous week, annual food and fuel inflation stood at 7.58% and 11.89%, respectively.
The primary articles price index was up 10.49%, compared with an annual rise of 11.13% a week earlier.
India’s central bank stunned investors on Tuesday by raising interest rates by 50 basis points, showing unexpected resolve in fighting persistently high inflation that had quickened to 9.44% in June.
The rate rise was the Reserve Bank of India’s 11th since March 2010 and finance minister Pranab Mukherjee said on Wednesday that the economy may see more rate increases.
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First Published: Thu, Jul 28 2011. 01 06 PM IST
More Topics: India | Economy | Inflation | Food | Fuel |