Food price index rises 13.39% YoY on Oct 24

India's food price index was up 13.39% in the 12 months to October 24, while the fuel index was down 6.2%, the government said on Thursday.

The Commerce and Industry Ministry said it will release monthly data for all commodities for October on November 12.

On Wednesday, Montek Singh Ahluwalia, deputy chairman of the Planning Commission and a close aide to the prime minister, said food price inflation was a concern but it should moderate by the end of this year.

Late last month, India's central bank raised the WPI inflation projection to 6.5% with an upside bias by end-March 2010, from 5.0% earlier.

The wholesale price index is more closely watched than the consumer price index, which is published monthly, because it covers a higher number of products and is released weekly.