Food inflation eases to 12.63 pct

The food price index rose 12.63 per cent in the year to June 26,while the fuel price index climbed 18.02 per cent,government data released on Thursday showed.

The pace of increase in food prices slowed from the previous week’s annual rise of 12.92 per cent,while fuel price inflation accelerated from last week’s 12.90 per cent.

The primary articles index was up at 16.08 per cent,compared with the previous week’s reading of 14.75 per cent.

Wholesale prices,the most closely watched inflation gauge in India,rose 10.16 per cent in May from a year earlier and a senior government official said it could hit 11 per cent in June.