Food inflation at 11% y-o-y on Feb 12 – Higher than market expectation

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Food inflation at 11% y-o-y on Feb 12 – Higher than market expectation

This article was posted on Feb 24, 2011 and is filed under Market News

Food price index rose 11.49% and the fuel price index climbed 12.14% in the year to February 12, government data on Thursday showed.

In the previous week, annual food and fuel inflation stood at 11.05% and 11.92%.

The primary articles price index was up 15.77% in the latest week, compared with an annual rise of 14.59% a week earlier.

The wholesale price index , the most widely watched gauge of prices in India, rose 8.23% in January from a year earlier, compared with 8.43% in December

source: Business Standard

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