Food inflation falls to 13.07 percent

February 10th, 2011 - 3:19 pm ICT by IANS  

New Delhi, Feb 10 (IANS) India’s annual food inflation dropped by nearly four percentage points to 13.07 percent for the week ended Jan 29 — the lowest level in nearly one-and-a-half months — on decline in the prices of pulses, potatoes and wheat, according to official data released Thursday. Food inflation has declined after two consecutive weeks of sharp rise. Food inflation was 17.05 percent for the week ended Jan 22 and 15.57 percent during the previous week.

On an annual basis, pulses became cheaper by 8.63 percent. Price of potatoes declined 8.87 percent and wheat became cheaper by 3.58 percent, according to the commerce and industry ministry data.

The annual inflation for primary articles declined to 16.24 percent as against 18.44 percent in the previous week.

However, prices of onion and some vegetables continue to remain high. Onions remained 78.64 percent costlier. Prices of fruits rose 10.46 percent and milk 11.66 percent year-on-year.

The following are the yearly rise and fall in prices of some main commodities that form the sub-index for food articles:

Onions: 78.64 percent

Vegetables: 44.34 percent

Fruits: 10.46 percent

Potatoes: (-)8.87 percent

Milk: 11.66 percent

Eggs, meat, fish: 17.06 percent

Cereals: 1.35 percent

Rice: 2.48 percent

Wheat: (-)3.58 percent

Pulses: (-)8.63 percent

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |

Subscribe