Food price index up 16.04 pc y/y | business | Hindustan Times
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Food price index up 16.04 pc y/y

business Updated: May 06, 2010 12:51 IST

Reuters
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India's food price index rose an annual 16.04 per cent in the 12 months to April 24, while the fuel price index rose an annual 12.69 per cent, government data showed on Thursday.

The rise in food price index was slower than an annual rise of 16.61 per cent in the previous week.

The primary articles index was up 13.93 per cent year-on-year on April 24.

The Reserve Bank of India (RBI) had on April 20 raised key interest rates and banks' cash reserve ratio by 25 basis points each to anchor inflationary expectations.

India's wholesale price index (WPI) rose an annual 9.90 per cent in March, its fastest pace in 17 months, driven by high food and fuel prices.

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