Food inflation falls sharply to 8% - Hindustan Times
close_game
close_game

Food inflation falls sharply to 8%

Reuters | By, New Delhi
Dec 01, 2011 12:24 PM IST

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.

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.

HT Image
HT Image

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

Hindustan Times - your fastest source for breaking news! Read now.

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.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On