Food inflation rose for the third week running as floods disrupted supplies, but most economists see food prices easing soon.

Inflation in food articles in the new series with 2004-05 base was 15.1% for the week finished September 4, contrasted with 14.6% in the week earlier than, data unconfined on Thursday depicted. The central bank decides to hoist rates in its policy appraisal on Thursday expressing that inflation is still a big distress.

RBI buzzed repo rate, or the rate at which it provides money, by 0.25 percentage position and reverse repo rate, or the rate at which banks square their excess, by 0.50 percentage points to battle high inflation.

According to the central bank in a statement the inflation stays domineering distress in macroeconomic management. Further the Prices of food items, which as per to the new-fangled sequence go up by above 14% in August are still adding to the price pressure. Finance minister Pranab Mukherjee allowed the rate augment expressing the inflationary force are yet there in the structure.

However the Economists, anticipates food prices to modest soon. As per Saugata Bhattacharya, economist along with the private sector lender Axis Bank there is a few supply side restrictions due to rain.

Places like Punjab, Maharashtra, and Haryana have witnessed enormous disturbance by rains.