India's food inflation at 8.31pc
NEW DELHI: India's food price index rose 8.31 percent and the fuel price index climbed 11.89 percent in the year to July 2, government data on Thursday showed.
In the previous week, annual food and fuel inflation stood at 7.61 percent and 12.67 percent, respectively.
The primary articles price index was up 11.58 percent, compared with an annual rise of 11.56 percent a week earlier.
India's June headline inflation data is due for release at around 0630 GMT.
India's central bank is expected to raise rates for the 11th time since March 2010 at its monetary policy review on July 26, to combat sticky inflation which stood above 9 percent in May.
The market expects the Reserve Bank of India (RBI), which last month signalled more increases to come even as growth in Asia's third-largest economy is slowing down, to raise key rates by 25 basis points at the review.
Copyright Reuters, 2011
Comments
Comments are closed for this article.