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Food inflation stood at 8.60% in the previous week. This is the second consecutive week in which food inflation has increased.
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Updated : Mar 30, 2018, 03:51 AM IST
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Food inflation rose to 9.46% for the week ending December 4 on account of higher prices of rice, vegetables, milk and fruits.
Food inflation stood at 8.60% in the previous week. This is the second consecutive week in which food inflation has increased.
The data came just half an hour before the Reserve Bank of India's mid-quarterly review of the monetary policy today, where it is expected to take stock of the inflation situation and decide on an appropriate course of action.
While prices of rice rose by 1.47%, vegetables by 1%, milk by 17.76% and fruits by 19.75% on an annual basis, pulses and wheat prices declined by 4.24% and 11.46%, respectively.
In addition, the fuel and power product index rose by 10.67% on a year-on-year basis.
Furthermore, onions became costlier by 29.93% on an annual basis.
Meanwhile, overall inflation declined to 7.48% in November from 8.58% in the previous month.
