NEW DELHI (Commodity Online): Food inflation in India eased marginally to 9.55 percent for the week ended August 27, compared with previous week’s 10.05 percent.
According to official figures from India’s commerce ministry, the fuel price index climbed 12.55 percent in the year to Aug. 27.
The primary articles index was up 13.34 percent, compared with an annual rise of 12.93 percent a week earlier.
India's central bank remains bent on fighting domestic inflation, which stood at 9.22 percent in July, despite weakening global conditions, officials with direct knowledge of policymaking said on Wednesday, a week before it is widely expected to raise interest rates once again.
The Reserve Bank of India, which has lifted rates 11 times in 18 months, makes its mid-quarter review on Sept. 16.
Food inflation eased marginally to dip below the 10 per cent mark in end-August, with onions, fruits and poultry items showing signs of moderation in price levels.
