India's annual inflation rose marginally to a near four-year high at 7.61 per cent on the back of rising food prices, official data released on Friday showed.
Inflation moved up for the week ended April 26 from 7.57 per cent for the previous week, according to the Wholesale Price Index, India's most closely watched cost monitor.
The latest figures came a day after the government halted futures trading in key staple foods such as chickpeas, soybean oil and potatoes for four months to try and tame surging prices.
The government had already suspended futures trading in other basic foods such as rice and wheat.
Futures contracts involve betting on future price movements of such items as commodities, bonds, currencies and shares.
India also tightened its monetary policy last month to curb spending, as the government battles discontent over rising prices ahead of national elections next year.
Inflation moved up for the week ended April 26 from 7.57 per cent for the previous week, according to the Wholesale Price Index, India's most closely watched cost monitor.
The latest figures came a day after the government halted futures trading in key staple foods such as chickpeas, soybean oil and potatoes for four months to try and tame surging prices.
The government had already suspended futures trading in other basic foods such as rice and wheat.
Futures contracts involve betting on future price movements of such items as commodities, bonds, currencies and shares.
India also tightened its monetary policy last month to curb spending, as the government battles discontent over rising prices ahead of national elections next year.
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