Annual food inflation mounts to 11.43%

The annual food inflation in India rose to 11.43 per cent on weed ended on October 15 comparing to 10.60 per cent recorded in the previous week. The fuel inflation was recorded at 14.70 percent for the same period; however it was at 15.71 per cent in the previous week.

According to a data released by the government of India on Thursday, the food inflation mounted to 11.43 per cent and the double digit food inflation has been weighing high on the Indian economy.

In order to tame the headline inflation, which is near to the double digit, the RBI has raised its key interest rate – repo rate to 8.5 per cent by 25 basis points on Tuesday. The apex bank has made variation in the key interest rates for 13th time to check the inflation in India.