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India's food price index up 7.61pc

NEW DELHI : India 's food price index rose 7.61 percent and the fuel price index climbed 12.67 percent in the year to J
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In the previous week, annual food and fuel inflation stood at 7.78 percent and 12.98 percent respectively.

The primary articles price index was up 11.56 percent, compared with an annual rise of 11.84 percent a week earlier.

India's central bank raised key interest rate last month for the 10th time since March 2010 to combat sticky inflation, currently hovering above 9 percent, and signalled more increases to come even as growth in Asia's third-largest economy is slowing down.

 

Copyright Reuters, 2011