Revolutionizing Awareness

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Food inflation at 12.21 pct y/y on Oct 22

Posted by Admin on November 7, 2011

http://in.finance.yahoo.com/news/Food-inflation-12-21-pct-y-y-reuters-1628243810.html

On Thursday 3 November 2011, 11:47 AM

NEW DELHI (Reuters) – India‘s food price index rose 12.21 percent, its highest in 9 months, and the fuel price index climbed 14.50 percent in the year to Oct. 22, government data on Thursday showed.

In the previous week, annual food and fuel inflation stood at 11.43 percent and 14.70 percent, respectively.

The primary articles price index was up 12.08 percent, compared with an annual rise of 11.75 percent a week earlier.

The RBI raised interest rates last month for the 13th and possibly final time in a tightening cycle that began in early 2010, on expectations that persistently high inflation will finally begin to ease starting in December.

(Reporting by Rajesh Kumar Singh; editing by Malini Menon)

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