Wednesday, January 13, 2010

Food price index up 18.22 y/y on Dec 26: Govt

India's food price index rose 18.22% in the 12 months to December 26, while the fuel index was up 4.85%, the government said on Thursday.

The driest spell in nearly four decades and then floods in parts of the country have pushed up food prices, which officials and policymakers have said could fuel broader inflation.

C. Rangarajan, the prime minister's economic adviser, on Tuesday said some liquidity tightening might be needed to moderate price expectations.
India's annual wholesale inflation rose to 4.78% in November, compared with 1.34% rise in October and 8.48% a year ago.
Source: Reuters
Courtesy moneycontrol.com








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