Food inflation at 12.21% y/y on Oct 22 | business | Hindustan Times
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Food inflation at 12.21% y/y on Oct 22

business Updated: Nov 08, 2011 10:38 IST

Reuters
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Food price index rose 12.21%, its highest in 9 months, and the fuel price index climbed 14.50% in the year to Oct. 22, government data on Thursday showed.

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

The primary articles price index was up 12.08%, compared with an annual rise of 11.75% 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.