Food inflation at 9.47% y/y on Sept 3: Govt - Hindustan Times
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Food inflation at 9.47% y/y on Sept 3: Govt

Reuters | By
Sep 15, 2011 12:43 PM IST

India's food price index rose 9.47% and the fuel price index climbed 13.01 percent in the year to September. 3, government data on Thursday showed.

India's food price index rose 9.47% and the fuel price index climbed 13.01 percent in the year to September. 3, government data on Thursday showed.

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In the previous week, annual food and fuel inflation stood at 9.55% and 12.55%, respectively.

The primary articles index was up 13.04%, compared with an annual rise of 13.34% a week earlier.

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India's central bank remains bent on fighting domestic inflation , which climbed to its highest in more than a year to 9.78% in August, reinforcing the case for another rate hike on Friday despite weakening growth and a worsening global outlook.

The Reserve Bank of India, which has lifted rates 11 times in 18 months, will release its mid-quarter review on Friday.

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