Food inflation in India falls to 9.52 per cent
March 10th, 2011 - 3:59 pm ICT by ANINew Delhi, Mar 10(ANI): The food inflation rate has fallen to a single digit at 9.52 per cent for the week ended February 26.
The decline has been attributed to decrease in prices of potatoes, pulses and wheat.
The food inflation had stood at 10.39 per cent in the previous week.
The prices of food items have fallen for the first time since the week ended December 4, 2010, when it was 9.46 per cent.
Last March the Reserve Bank of India (RBI) had raised interest rates by seven times to control inflation.
The prices of wheat have declined by 1.07 per cent on an annual basis, while pulses rates have fallen by 3.91 per cent. Potatoes price have also fallen by nearly 9 per cent year-on-year.
Meanwhile, fruits prices rose by 18.75 per cent and milk by 8.42 per cent on annual basis. (ANI)
- Food inflation dips but milk, vegetables, meat prices still high - Mar 10, 2011
- Food inflation falls to 39-month low of 6.6 percent - Dec 08, 2011
- Food inflation falls to 8 percent; to drop further: Pranab (Lead) - Dec 01, 2011
- India's inflation rises to 8.31 per cent - Mar 14, 2011
- Food inflation falls to 8 percent - Dec 01, 2011
- Inflation falls to 7.47 percent in December - Jan 16, 2012
- Mukherjee hopes overall inflation to decline to seven percent by March end - Feb 14, 2011
- Food inflation rises to 9.80 percent; Pranab expresses concern - Aug 25, 2011
- India's food inflation rises for second week - Dec 16, 2010
- Food inflation dips to six-year low, relief for consumer (Second Lead) - Dec 29, 2011
- Food inflation dips to 0.42 percent; WPI may fall to 6 percent: Pranab (Lead) - Dec 29, 2011
- Rising prices a major challenge, says Pranab Mukherjee - Jan 14, 2011
- Food inflation drops to 8.84 percent - Sep 22, 2011
- Food prices fall; inflation will continue to moderate: Pranab (Lead) - Jan 12, 2012
- Food inflation falls to 13.07 percent - Feb 10, 2011
Tags: bank of india, decline, food items, fruits, inflation rate, interest rates, New Delhi, potatoes, pulses, rbi, reserve bank of india, seven times, wheat