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Friday 14 October 2011

India's food inflation at 9.32% as compared to 9.41% previous week

India's food price index rose 9.32% and the fuel price index climbed 15.10% in the year to October 1.
In the previous week, annual food and fuel inflation stood at 9.41% and 14.69%, respectively.
The primary articles index was up 10.60%, compared with an annual rise of 10.84% a week earlier.
IIP expanded less than expected in August in further evidence of a slowdown in Asia's.
Indian inflation in August accelerated to 9.78%, its highest in more than a year, from 9.22% in July.
The RBI has raised interest rates a dozen times in the past 18 months inspite of slowdown and may consider again rate hike on 25th of this month

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