Food inflation is down sharply
June 30th, 2011 - 1:53 pm ICT by IANSNew Delhi, June 30 (IANS) In what could come as a respite to consumers and policymakers, India’s food inflation slipped to 7.78 percent for the week ending June 18, compared to 9.13 percent recorded in the previous week, official data showed Thursday.
Food inflation had risen to a two-month high last week.
As per data released by the commerce and industry ministry, the primary articles index fell to 11.84 percent compared to 12.62 percent in the previous week.
The index for fuels and power, however, rose to 12.98 percent.
The dip in the food inflation figures should give some assurance to the Reserve Bank of India which has been hiking interest rates consistently since March 2010 to bring down prices.
The following are the yearly rise and fall in prices of some main commodities that form the sub-index for food articles:
Onions: 16.08 percent
Vegetables: (-) 10.08 percent
Fruits: 24.76 percent
Potatoes: (-) 2.39 percent
Eggs, meat, fish: 10.32 percent
Cereals: 4.76 percent
Rice: 2.01 percent
Wheat: 0.24 percent
Pulses: (-) 9.5 percent
- Food inflation comes down sharply (Lead) - Jun 30, 2011
- Food inflation drops for the second week - Jul 07, 2011
- Food inflation climbs to 9.13 percent - Jun 23, 2011
- Food inflation rises marginally to 8.76 percent - Apr 28, 2011
- Food inflation at 10-week high; Pranab terms it unacceptable (Lead) - Jun 23, 2011
- Food inflation slips further as vegetables, meat become cheaper - Apr 15, 2011
- Food inflation slips marginally, still above comfort level - Oct 13, 2011
- Food inflation rises to 9.13 percent - Sep 29, 2011
- Food inflation eases further - Apr 07, 2011
- India's food inflation declines - Jul 21, 2011
- Food inflation eases to 8.53 percent - May 05, 2011
- Food inflation rises 9.41 percent; Pranab expresses concern - Oct 07, 2011
- 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
- Food inflation slips a tad as vegetable, food prices ease - Mar 31, 2011
Tags: articles index, bank of india, cereals, commodities, consumers, eggs, food articles, fruits, industry ministry, inflation figures, interest rates, New Delhi, onions, potatoes, reserve bank of india, respite, rise and fall, vegetables, week ending june, wheat