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Food inflation eases to 9.03%

Food inflation eases to 9.03%
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First Published: Thu, Aug 18 2011. 01 28 PM IST
Updated: Thu, Aug 18 2011. 01 28 PM IST
New Delhi: India’s food price index rose 9.03% and the fuel price index climbed 13.13% in the year to 6 August, government data on Thursday showed.
In the previous week, annual food and fuel inflation stood at 9.90% and 12.19% respectively.
The primary articles index was up 11.64%, compared with an annual rise of 12.22% 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.
A top policy adviser on Tuesday said India’s headline inflation is likely to stay at around 9-10% until December.
RBI governor Duvvuri Subbarao last week said it was important to bring down inflation to sustain growth and that it was too early to signal a change in monetary stance, suggesting the central bank may not be done with monetary tightening.
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First Published: Thu, Aug 18 2011. 01 28 PM IST
More Topics: Food inflation | RBI | WPI | Interest rates | Fuel |