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Food inflation rises to 9.90% from previous 8.04%

Food inflation rises to 9.90% from previous 8.04%
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First Published: Thu, Aug 11 2011. 12 11 PM IST
Updated: Thu, Aug 11 2011. 12 11 PM IST
New Delhi: Food price index rose 9.9% and the fuel price index climbed 12.1% in the year to 30 July, government data on Thursday showed.
In the previous week, annual food and fuel inflation stood at 8.04% and 12.1% respectively.
The primary articles index was up 12.2%, compared with an annual rise of 10.9% a week earlier.
India’s central bank has raised interest rates 11 times since March 2010 to tame headline inflation , which quickened to 9.44% in June. Almost all forecasts expect it to remain above 9 percent until October.
“While downside risks to growth may have increased in the wake of global developments, they are likely to have limited impact,” the central bank said on Monday, after a US rating downgrade by Standard and Poor’s rattled global markets.
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First Published: Thu, Aug 11 2011. 12 11 PM IST
More Topics: India | Economy | Inflation | Food | Fuel |