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Food inflation soars to 9.80%

Food inflation soars to 9.80%
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First Published: Thu, Aug 25 2011. 12 15 PM IST
Updated: Thu, Aug 25 2011. 12 15 PM IST
New Delhi: India’s food price index rose 9.80% and the fuel price index climbed 13.13% in the year to 13 August, government data on Thursday showed.
In the previous week, annual food and fuel inflation stood at 9.03% and 13.13% respectively.
The primary articles index was up 12.40%, compared with an annual rise of 11.64% 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% 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 said on Tuesday.
A top policy adviser had said last week that India’s headline inflation was likely to stay at around 9-10% until December.
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First Published: Thu, Aug 25 2011. 12 15 PM IST