Food inflation at 10.60%, boards double digit

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Food inflation at 10.60%, boards double digit
India's food inflation again boarded double digit figure, rose to 10.60% for the week ended October 8 on account of costlier pulses and vegetables, government data showed on Thursday.

It was seen down marginally in the previous week at 9.32%.

The primary articles which accounts for 20.12% of entire inflation bucket grew 11.18% against 10.60% previous week.

Fuel inflation also jumped 15.17% for the week ended October 8.

Pulses and vegetables became expensive by 7.42% and 17.59%, respectively.

The prices of egg, meat and fish also went up by 14.10%.

The recent rise in inflation numbers adds up concerns for the Reserve Bank of India, which has raised key policy rates for 12 consecutive times to tame prices.

RBI may keep its anti-inflationary stance on to fight stubborn inflation.

Finance Minister, Pranab Mukherjee hinted on Wednesday that India may continue to tighten monetary policy on the cause of dampening growth, if inflation remain high.

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