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Food inflation at 7.70% as against 8.53% WoW on April 30

India's food price index rose 7.70% and the fuel price index climbed 12.25% in the year to April 30, government data on Thursday showed.

May 12, 2011 / 16:46 IST

India's food price index rose 7.70% and the fuel price index climbed 12.25% in the year to April 30, government data on Thursday showed.


In the previous week, annual food and fuel inflation stood at 8.53% and 13.53%, respectively.


The primary articles price index was up 11.96%, compared with an annual rise of 12.11% a week earlier.


The RBI raised interest rates last week -- its ninth rate hike since March 2010 -- by a sharper-than-expected 50 basis points and said fighting inflation was its priority, even at the expense of short-term growth.


The wholesale price index-based inflation, the most widely watched gauge of prices in India, rose 8.98% in March from a year earlier, higher than February's 8.31% rise.


Also read


March IIP surpasses all expectations at 7.3% vs 3.7% (MoM)

Core inflation to go up, food inflation to come down: HSBC

first published: May 12, 2011 12:09 pm

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