India’s annual food inflation up at 17.56 percent

February 4th, 2010 - 2:14 pm ICT by IANS  

Manmohan Singh New Delhi, Feb 4 (IANS) India’s annual food inflation based on wholesale prices rose to 17.56 percent for the week ended Jan 23 from 17.4 percent the week before, according to official data released Thursday.
Prices of some essential items remained firm with vegetables dearer by 13.02 percent and fruits by 6.54 percent during the 52-week period. However, prices of onions fell 10.5 percent.

The limited data on the wholesale index released by the commerce and industry ministry further showed that while the index for primary articles fell 14.56 percent, that for fuels rose 5.88 percent.

India’s overall inflation rate, based on the wholesale prices index, had risen sharply to 7.31 percent in December from 4.78 percent the previous month mainly on account of higher food prices.

The price rise of some essential food items over the 52-week period:

- Potatoes: 44.91 percent

- Pulses: 44.43 percent

- Cereals: 13.37 percent

- Rice: 10.96 percent

- Milk: 13.95 percent

- Wheat: 15.96 percent

- Vegetables: 13.02 percent

- Fruits: 6.54 percent

Prime Minister Manmohan Singh is slated to discuss the issue of price rise with state chief ministers Feb 6. The meeting was earlier scheduled for Jan 27.

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