Food inflation has come down from 9.01 percent to 8 percent: Mukherjee

   Dec 1, 3:56 pm

New Delhi, Dec 1 (ANI): Finance Minister, Pranab Mukherjee on Thursday announced that the food price index had risen to 8 percent, the slowest pace in nearly four months, while the fuel price index climbed to 15.53 percent in the year to November 19.

"Weekly inflation figures, that relates to 19 November 2011, primary articles inflation has come down from 9.08 percent to 7.74 percent. Food articles inflation has come down from 9.01 percent to 8 percent. And after month of August, that means full September, October, for the first time it has come down to 8 percent," he told mediapersons outside the parliament.

Mukherjee further said that if inflation trends continued this way, the year-end figures might sit at around 6 to 7 percent.

In the previous week, annual food and fuel inflation stood at 9.01 percent and 15.49 percent, respectively.

The headline inflation has stayed above 9 percent for the 11th month, despite 13 rate increases by the central bank since March 2010.

The Reserve Bank of India (RBI) had in its October review said if inflationary pressures started to abate by December, more rate increases might not be needed. (ANI)

VMware to invest $500M in India over next three years Apr 22, 4:35 pm
Washington, Apr 22 (ANI): American software company VMware is reportedly planning to invest up to 500 million dollars in India over the next three years.
Full Story
Nearly 98% of mobile network traffic now data: Report Apr 22, 4:35 pm
Washington, Apr 22 (ANI): The share of mobile network traffic from data has reportedly plummeted to 98 percent from 90 percent in the previous year, Amdocs has revealed.
Full Story
Samsung files 'patent-infringement' suit against Apple Apr 22, 4:35 pm
Washington, Apr 22 (ANI): Samsung has filed a 'patent-infringement' case against Apple saying that the American multinational infringed the '239 patent in its iPhone through the use of FaceTime.
Full Story
Analysts predict flat growth of Apple sales this quarter Apr 22, 2:49 pm
Washington, Apr 22 (ANI): Analysts predict Apple is unlikely to show any intermittent growth when it released its second quarter results.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY