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Journalism of Courage
India’s food price index rose 9.01 per cent and the fuel price index climbed 12.46 per cent in the year to May 28,government data showed on Thursday.
In the previous week,annual food and fuel inflation stood at 8.06 per cent and 12.54 per cent respectively.
The primary articles price index was up 11.52 per cent,compared with an annual rise of 10.87 per cent a week earlier.
The weekly food inflation has eased after staying in double digits for much of 2010,but headline inflation at 8.66 per cent in April remains considerably above the central bank’s comfort level and is seen pressuring interest rates higher.
