Food inflation eases marginally to 9.32%

Food inflation eases marginally to 9.32%

New Delhi: India’s food price index rose 9.32% and the fuel price index climbed 15.10% in the year to 1 October, government data on Thursday showed.

In the previous week, annual food and fuel inflation stood at 9.41% and 14.69%, respectively.

The primary articles index was up 10.60%, compared with an annual rise of 10.84% a week earlier.

Data on Wednesday showed India’s industrial production expanded less than expected in August in further evidence of a slowdown in Asia’s third-largest economy as soaring interest rates and persistently high inflation weigh on demand.

Whether the persistent weakness in industrial output growth will spur the RBI into ending a long cycle of rate rises may be determined by Friday’s September headline inflation data.

Inflation in August accelerated to 9.78%, its highest in more than a year, from 9.22% in July.

The RBI will meet on 25 October to review its policy.

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