Food inflation eases to 9.47% for week ended 3 Sept

Food inflation eases to 9.47% for week ended 3 Sept

New Delhi: Food price index rose 9.47% and the fuel price index climbed 13.01% in the year to 3 September, government data on Thursday showed.

In the previous week, annual food and fuel inflation stood at 9.55% and 12.55%, respectively.

The primary articles index was up 13.04%, compared with an annual rise of 13.34% a week earlier.

India’s central bank remains bent on fighting domestic inflation , which climbed to its highest in more than a year to 9.78% in August, reinforcing the case for another rate hike on Friday despite weakening growth and a worsening global outlook.

The Reserve Bank of India, which has lifted rates 11 times in 18 months, will release its mid-quarter review on Friday.

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