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Food inflation soars to 9.8% from 9.03%

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Press Trust of India New Delhi

India's food price index rose 9.80% and the fuel price index climbed 13.13% in the year to August 13, government data on Thursday showed.

In the previous week, annual food and fuel inflation stood at 9.03% and 13.13% respectively.

The primary articles index was up 12.40%, compared with an annual rise of 11.64% a week earlier.

India's central bank has raised interest rates 11 times since March 2010 to tame headline inflation, which stood at 9.22% in July.

The Reserve Bank of India continues to expect inflation to start easing by November-December and was watching for signs of moderation in demand, Deputy Governor Subir Gokarn said on Tuesday.

 

A top policy adviser had said last week that India's headline inflation was likely to stay at around 9-10% until December.

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First Published: Aug 25 2011 | 12:13 PM IST

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