Indian food prices drive up inflation, strengthening rate hike view
date:Oct 15, 2013



The wholesale price index (WPI), India's main inflation measure, climbed to 6.46 percent last month - its fastest rate since February - pushed up by food prices such as a 322 percent jump in onion prices, government data showed on Monday.

Worries over high inflation led new Reserve Bank of India chief Raghuram Rajan to surprise markets last month with an interest rate hike.

Many analysts now expect him to raise interest rates by another 25 basis points on October 29, even after data showing
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