Food inflation slips to 13.75%


Staff member
New Delhi October 29:

Food inflation slipped to 13.75 per cent for the week ended October 16 from 15.53 per cent in the previous week on improved supply of essentials, prompting analysts to predict a further slide in the months ahead to single digit when the kharif output hits the market.

However, despite the 1.78 percentage point fall in WPI (wholesale price index) based food inflation and the continuing downtrend in prices for the second week in a row, economists expect the Reserve Bank of India (RBI) to hike its key short term rates by at least 25 basis points when the monetary policy comes up for review on November 2.