Food inflation falls sharply to 8% | business | Hindustan Times
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Food inflation falls sharply to 8%

business Updated: Dec 01, 2011 12:24 IST

India's food price index rose 8%, at its slowest pace in nearly 4 months, and the fuel price index climbed 15.53% in the year to Nov. 19, government data on Thursday showed.

In the previous week, annual food and fuel inflation stood at 9.01% and 15.49%, respectively.

The primary articles price index was up 7.74%, compared with an annual rise of 9.08% a week earlier.

India's headline inflation has stayed above 9% for the 11th month, despite 13 rate increases by the central bank since March 2010.

In its October review, the Reserve Bank of India had said if inflationary pressures started to abate by December, more rate increases may not be needed.