Web Analytics Business News This Week Food Inflation mounts to 9.41% | Business News This Week

Oct 8, 2011

Food Inflation mounts to 9.41%

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Food inflation in India has gone by 0.28 per cent to 9.41 per cent in this week comparing to 9.13 per cent recorded in the previous week ended at September 24. The government data shows that the costly vegetables and other products pushed the food inflation in India.

The high food inflation and the high headlines inflation have been big concern for the economy as well as for the people. The apex bank has revised the key interest rates 11 times since March 2010, but hardly there was any impact on the headline inflation in India, which is zooming near to a double digit mark.

The plunging stock market due to the negative sentiments from the debt crisis made the investors keep a option open over their safe investments. However, today the market Bombay Stock Exchange regained confidence of investors, by achieving the 16,000 points market in the intra-day trading session.


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