India s annual food inflation climbed marginally to 10.55 percent in June from May s 10.16 percent, according to official figures.
In its latest report, country s Commerce and Industry ministry however said the growth of food articles price slowed to 14.6 percent in June from 16.49 percent in May.
Still, the price with fuel and manufactured products continue to move up to 14.32 percent and 6.66 percent from 13.5 percent and 6.41 percent in the previous month, due to fuel deregulation and pricier raw materials.
Meanwhile, the price growth of April was revised upward from 9. 59 percent to 11.23 percent, higher from 11.04 percent in March.
Indian central bank is expected to continue to hike interest rates by another 25 basis points on the scheduled policy meeting on July 27, despite drop of industrial production in May.
In its latest report, country s Commerce and Industry ministry however said the growth of food articles price slowed to 14.6 percent in June from 16.49 percent in May.
Still, the price with fuel and manufactured products continue to move up to 14.32 percent and 6.66 percent from 13.5 percent and 6.41 percent in the previous month, due to fuel deregulation and pricier raw materials.
Meanwhile, the price growth of April was revised upward from 9. 59 percent to 11.23 percent, higher from 11.04 percent in March.
Indian central bank is expected to continue to hike interest rates by another 25 basis points on the scheduled policy meeting on July 27, despite drop of industrial production in May.
