Food inflation dips to 8.84 pc from 9.47 pc
Food inflation dips to 8.84 pc from 9.47 pc
In the previous week, annual food and fuel inflation stood at 9.47 per cent and 13.01 per cent, respectively.

New Delhi: India's food price index rose 8.84 per cent and the fuel price index climbed 13.96 per cent in the year to Sept. 10, government data on Thursday showed.

In the previous week, annual food and fuel inflation stood at 9.47 per cent and 13.01 per cent, respectively.

The primary articles index was up 12.17 per cent, compared with an annual rise of 13.04 per cent a week earlier.

The Reserve Bank of India (RBI) has raised interest rates 12 times in 18 months but headline inflation remains at more than twice the bank's comfort level, confounding expectations that it was coming to the end of its tightening cycle.

The RBI lifted its policy lending rate, the repo rate, by 25 basis points to 8.25 per cent last Friday, in line with expectations, in a campaign that has done more to slow growth than contain near double-digit inflation.

India's inflation in August accelerated to 9.78 per cent to its highest in more than a year, from 9.22 per cent recorded for July.

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