India's food inflation at 9.41%
India's food price index rose 9.41% and the fuel price index climbed 14.69% in the year to Sept 24, government data showed today.business Updated: Oct 07, 2011 12:36 IST
India's food price index rose 9.41% and the fuel price index climbed 14.69% in the year to Sept 24, government data on Friday showed.
In the previous week, the fuel price index had risen by the same margin, while annual food inflation had stood at 9.13%.
The primary articles index was up 10.84%, compared with an annual rise of 11.43% a week earlier.
India's central bank has raised interest rates a dozen times in the past 18 months, but headline inflation remains at more than twice the bank's comfort level, confounding expectations that it was coming to the end of its tightening cycle.
The Reserve Bank of India lifted its policy lending rate, the repo rate , by 25 basis points to 8.25% last month, in line with expectations, in a campaign that has done more to slow growth than contain near double-digit inflation.
Headline inflation in August accelerated to 9.78%, its highest in more than a year, from 9.22% in July.
First Published: Oct 07, 2011 12:29 IST