Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | India's food, fuel inflation tick up

India's food, fuel inflation tick up

Share this article Share this article
published Published on Apr 22, 2010   modified Modified on Apr 22, 2010


India's annual food and fuel inflation quickened in the week to April 10, putting upside pressure on the headline inflation and central bank to take action before its next policy review in July.

The food price index rose 17.65 percent in the 12 months to April 10, marginally higher than an annual rise of 17.22 percent in the previous week.

The fuel price index rose 12.45 percent in the 12 months to April 10, a tad higher than an annual rise of 12.43 percent in the previous week, data showed on Thursday.

Rising food and fuel prices risk fanning wider inflation as the companies look to pass on cost increases and could prompt the central bank to raise its key rates again ahead of its next policy review in July.

The Reserve Bank of India (RBI) on Tuesday raised key interest rates by 25 basis points and warned price pressures were fast becoming a demand-driven phenomenon.

A Reuters poll conducted after Tuesday's policy review found a narrow majority of economists expect another increase in rates by the end of June, or before the RBI's next quarterly review.

Although the bank said an off-cycle policy action is unlikely, it did not rule that out either.

Government officials, however, keen to keep the economy on track to exceed 8 percent growth this year, said inflationary pressures were waning and played down the need for aggressive tightening.

The Congress-led government is under pressure to stem rising prices. At least 100,000 people backed by the main opposition Bharatiya Janata Party (BJP) marched towards parliament on Wednesday protesting steep price rises, demanding the government quit over food inflation.


Yahoo.com, 22 April, 2010, http://in.news.yahoo.com/137/20100422/736/tnl-india-s-food-fuel-inflation-tick-up.html


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close