Food inflation at 11.81 pct y/y on Oct 29

NEW DELHI |
Fri Nov 11, 2011 12:26pm IST

NEW DELHI (Reuters) – India’s food price index rose 11.81 percent and the fuel price index climbed 14.50 percent in the year to Oct. 29, government data on Friday showed.

In the previous week, annual food and fuel inflation stood at 12.21 percent and 14.50 percent, respectively.

The primary articles price index was up 11.43 percent, compared with an annual rise of 12.08 percent a week earlier.

India’s central bank raised interest rates last month for the 13th and possibly final time in a tightening cycle that began in early 2010, on expectations that persistently high inflation will finally begin to ease starting in December.

(Reporting by Rajesh Kumar Singh; Editing by Aradhana Aravindan)

Article source: http://feeds.reuters.com/~r/reuters/INtopNews/~3/m1aaBaxm1Ig/idINIndia-60465520111111

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