Food inflation eases to 9.01% from previous 10.63%

Food inflation eases to 9.01% from previous 10.63%

In the previous week, annual food and fuel inflation stood at 10.63 percent and 15.49%, respectively.

The primary articles price index was up 9.08%, compared with an annual rise of 10.39% a week earlier.

Inflation in October hovered above 9% for the 11th month, in further evidence of the central bank’s inability to achieve a breakthrough in its fight against price rises.

Central bank raised interest rates last month for the 13th and possibly the final time in a tightening cycle that began 18 months ago, on hopes that persistently high inflation will finally begin to ease from December.

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