Fruits, milk push food inflation to 8.55 percent

May 26th, 2011 - 3:45 pm ICT by IANS  

New Delhi, May 26 (IANS) India’s food inflation soared to 8.55 percent for the week ended May 14, the highest level in four weeks, as prices of fruits, milk and cereals rose sharply, official data showed Thursday.

The annual food inflation has risen for the first time in the last four weeks. Food inflation was 7.47 percent for the week ended May 7 and 7.7 percent in the previous week.

Fruits became 32.37 percent costlier year-on-year. Prices of cereals rose 5.03 percent and onions became 8.32 percent costlier, according to data released by the ministry of commerce and industry here.

Prices of egg, meat and fish rose 8.26 percent and milk became 5.53 percent costlier.

The index of primary articles also rose to 11.60 percent during the week under review from 10.94 percent in the previous week.

However, the fuel index, which has 14.91 percent weightage in the wholesale price index basket, declined marginally to 12.11 percent during the week ended May 14 compared to 12.21 percent in the previous week.

However, the fuel index is expected to spike after it factors in the Rs.5 per litre increase in price of petrol, effected on May 14.

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

Onions: 8.32 percent

Vegetables: (-) 1.46 percent

Fruits: 32.37 percent

Potatoes: 0.17 percent

Milk: 5.53 percent

Eggs, meat, fish: 8.26 percent

Cereals: 5.03 percent

Rice: 2.63 percent

Wheat: (-) 0.30 percent

Pulses: (-) 9.49 percent

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