HomeNewsBusinessEconomyFood prices soar as August inflation rises to 6.1%

Food prices soar as August inflation rises to 6.1%

Government data on Monday showed a reading of 6.1 percent, higher than the 5.80 percent rate estimated by analysts in a Reuters poll. Food prices soared 18.18 percent.

September 16, 2013 / 12:31 IST
Story continues below Advertisement

India's headline inflation rose at the fastest pace for six months in August, driven by an 18 percent jump in food prices, a reminder of the economic pressure new central bank governor Raghuram Rajan faces ahead of his first policy meeting this week.


Government data on Monday showed a reading of 6.1 percent, higher than the 5.80 percent rate estimated by analysts in a Reuters poll. Food prices soared 18.18 percent.
The wholesale price index- India's main inflation measure- rose an annual 5.79 percent in July.
The reading for June was revised to 5.16 percent from 4.86 percent, data released by the Ministry of Commerce and Industry showed.
first published: Sep 16, 2013 12:31 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!