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Food inflation eases to 8.96% from previous 9.01%

Food inflation eases to 8.96% from previous 9.01%
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First Published: Thu, Jun 16 2011. 12 07 PM IST
Updated: Thu, Jun 16 2011. 12 07 PM IST
New Delhi: Food price index eases to 8.96% and the fuel price index climbed 12.84% in the year to 4 June, government data showed on Thursday.
In the previous week, annual food and fuel inflation stood at 9.01% and 12.46 percent respectively.
The primary articles price index was up 12.86%, compared with an annual rise of 11.52% a week earlier.
The weekly food inflation has eased after staying in double digits for much of 2010, but headline inflation at 9.06% in May remains considerably above the central bank’s comfort level .
Reserve Bank of India is widely seen lifting key policy rate by 25 basis points on Thursday at its mid-quarter policy review in a bid to cool surging inflation. This would be the tenth rate increase since mid-March 2010.
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First Published: Thu, Jun 16 2011. 12 07 PM IST
More Topics: India | Economy | Inflation | Commodities | Food |