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.