08.07.201004:28:00UTC+00India's Food Inflation Eases To 12.63%

India's food price inflation rose by an annual 12.63 percent in the week to June 26, down from 12.92 percent in the previous week, largely due to the high base effect, government data released on Thursday showed.

The fuel price index rose to 18.02 percent during the period versus last week's 12.90 percent, while the primary articles index was up at 16.08 percent versus 14.75 percent a week before.

India's wholesale price inflation, the most closely watched gauge, rose 10.16 percent in May from a year earlier.

Copyright(c) 2010 News.com, Inc. All Rights Reserved