Food inflation at 9.55%, steps down from double digit

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Food inflation at 9.55%, steps down from double digit
Food inflation stepped down from double digit and stood at 9.55% for the week ended on August 27 year-on-year as against 10.05% a week ago, according to the government data released on Thursday. While, the fuel inflation stood same at 12.55%.

The dip in food-inflation was on account of moderation seen in the prices of onions, fruits and poultry items.

The prices of onions came down to 42.03% and fruits to 16.57%, while prices of vegetables rose to 22.42%.

Overall primary articles which contributes 20% in the WPI recorded 13.34% inflation for the week ended August 27, up from 12.93% in the previous week.

Prices of non-food articles also surged to 19.88% as compared to 17.19% a week earlier.

Overall inflation stood at 9.22% in July.

The Reserve Bank of India (RBI) has hiked key policy rates 11 times since March 2010 to combat sticky inflation and the next mid-quarter review is due on September 16.

GoodReturns.in

Read more about: inflation, food, fuel, rbi, interest rate
Story first published: Thursday, September 8, 2011, 14:07 [IST]
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