Food Inflationary Rate Falls Slightly to 9.32%

13 October 2011 - Which Way to Pay

Email Article Print Article
    


Food Inflationary Rate Falls Slightly to 9.32%

Government data released today showed that India’s food price index increased 9.32%, with the fuel price index rising 15.10% throughout the year to the end of September. Last week the rates were 9.41% and 14.69% respectively.

The Reserve Bank of India has increased interest rates twelve times over the last eighteen months in a bid to control inflation which has risen to twice the target rate of the RBI. Some economists have argued that the inflation rises have done more to impede economic growth than reign inflation in.

Industrial production figures published on Wednesday showed that expansion in the sector was less than predicted throughout August, which could be cited as evidence of a sluggish Indian economy as inflation rates rise and interest rates soar continue to weigh on demand.

It is still uncertain whether the poor industrial growth will spur the Reserve Bank of India to put a stop to the interest rate hikes, along with inflation rate rises. August saw the rate of inflation increase to the highest level in over a year to 9.78%, up from July’s 9.22%. The next policy review for the RBI is set for 25th October.

 

news_03.jpg
 

PRODUCT RANGES:

CURRENCY EXCHANGE
Compare Foreign Exchange and Currency >>

LOAN PRODUCTS
Compare Loan and Debt Products >>

CARD PRODUCTS
Compare Cards Products >>

MONEY PRODUCTS
Compare Money Products >>

INSURANCE PRODUCTS
Compare Insurance Products >>

When the planning starts for that special day in everyone's lives , There is always the worry and stress of how much strain it is going to put on your financial situation . Marriage loans are helping lots of people to ease this stress.
08 August 2015
Which Way To Pay
Marriage loans have been introduced to help prepare for the expense you will incur when celebration the most special day of everyone's life.
Read More >>
As everyone wants that big day to be perfect , there is also a hefty cost that comes with it .
14 May 2015
Which Way To Pay
Marriage isn't a cheap affair that's why Marriage loans have proven so popular across India.
Read More >>
Everyone want the best education , But financially this can be a worry
07 October 2014
Which Way To Pay
Getting the best education is the main priority in most people's lifetime.
Read More >>