Food inflation at 9.55% YoY on Aug 27: Govt

India's food price index rose 9.55% and the fuel price index climbed 12.55% in the year to August 27, government data on Thursday showed.

In the previous week, annual food and fuel inflation stood at 10.05% and 12.55% respectively.

The primary articles index was up 13.34%, compared with an annual rise of 12.93% a week earlier.

The Reserve Bank of India (RBI) remains bent on fighting domestic inflation, which stood at 9.22% 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 RBI, which has lifted rates 11 times in 18 months, makes its mid-quarter review on September 16.

Source: www.moneycontrol.com

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