Weekly food inflation at 10.63 pct y/y
NEW DELHI (Reuters) - India's food price index rose 10.63 percent and the fuel price index climbed 15.49 percent in the year to Nov. 5, government data on Thursday showed.
In the previous week, annual food and fuel inflation stood at 11.81 percent and 14.50 percent, respectively.
The primary articles price index was up 10.39 percent, compared with an annual rise of 11.43 percent a week earlier.
The Reserve Bank of India (RBI) raised interest rates last month for the 13th and possibly final time in a tightening cycle that began 18 months ago, on expectations that persistently high inflation will finally begin to ease starting in December.
(Reporting by Abhijit Neogy; editing by Malini Menon)
- Tweet this
- Share this
- Digg this
Trending On Reuters
The recent market correction was overdue. A further correction would be an opportunity for those who missed the rally in the past few months. The markets could get a reality check next year and consolidate before the next big movement. I still believe PM Modi will not fritter away his mandate and deliver on his promise, albeit with a delay, writes Ambareesh Baliga. Article