Food inflation eases to 16.04 pct

The primary articles index was up 13.93 per cent year-on-year on April 24.

India8217;s central bank had on April 20 raised key interest rates and banks8217; cash reserve ratio by 25 basis points each to anchor inflationary expectations.

India8217;s wholesale price index rose an annual 9.90 per cent in March,its fastest pace in 17 months,driven by high food and fuel prices.