Food inflation eases slightly to 9.55% from 10.05%

Food inflation eases slightly to 9.55% from 10.05%

New Delhi: Food price index rose 9.55% and the fuel price index climbed 12.55% in the year to 27 August, government data on Thursday showed.

In the previous week, annual food and fuel inflation stood at 10.05% and 12.55% respectively.

The primary articles index was up 13.34%, compared with an annual rise of 12.93% a week earlier.

Central bank remains bent on fighting domestic inflation , which stood at 9.22% in July, despite weakening global conditions, officials with direct knowledge of policymaking said on Wednesday, a week before it is widely expected to raise interest rates once again.

The Reserve Bank of India, which has lifted rates 11 times in 18 months, makes its mid-quarter review on 16 September.

Close