Food inflation rises to 11.49 percent

February 24th, 2011 - 4:52 pm ICT by IANS  

Manmohan Singh New Delhi, Feb 24 (IANS) India’s annual food inflation rose to 11.49 percent for the week ended Feb 12, according to official data released Thursday.The data showed that the food inflation has marginally increased 0.44 percentage points from 11.05 percent recorded in the previous week.

The annual inflation based on wholesale prices was 8.23 percent in January, while it stood at 8.43 percent in December, 2010.

Commenting on the inflation rate Prime Minister Manmohan Singh informed Lok Sabha that food inflation would come down with the overall inflation to be no more than 7 percent by March-end.

“By the end of this fiscal year, inflation will be controlled. I expect the situation to improve,” Manmohan Singh told the Lok Sabha, replying to a debate on the motion of thanks to the president’s address.

Meanwhile, the annual inflation for primary articles was up 15.77 percent during the week ended Feb 12, in the latest week, compared to 14.59 percent in the previous week.

Whereas, the fuel price index rose to 12.14 percent from the previous week’s 11.92 percent.

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

Onions: 6.55 percent

Vegetables: 15.89 percent

Fruits: 13.13 percent

Potatoes: (-) 9.72 percent

Milk: 16.99 percent

Eggs, meat, fish: 14.79 percent

Cereals: 2.07 percent

Rice: 1.65 percent

Wheat: (-) 1.01 percent

Pulses: (-) 5.62 percent

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