India’s food inflation declines

July 21st, 2011 - 2:04 pm ICT by IANS  

New Delhi, July 21 (IANS) Food inflation declined to 7.58 percent for the week ending July 9, compared to 8.31 percent in the previous week as prices of onions, milk, eggs and meat eased, according to official data released Thursday.

Food inflation had shot up for the week ending July 2.

The primary articles index also fell to 11.13 percent for the week under review, compared to 11.58 percent in the previous week, according to data released by the ministry of commerce and industry.

The index for fuels and power continued to hold steady at 11.89 percent for the week ended July 9. The index for non-food articles, however, rose 15.5 percent from 15.2 percent in the previous week.

Onion prices rose at a slower 19.68 percent year-on-year, compared to the rise of 30.72 percent seen in the previous week, while milk prices eased to 10.76 percent.

Eggs, meat and fish prices also grew at a slow 7.97 percent.

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

Vegetables: 4.31 percent

Fruits: 15.84 percent

Potatoes: 4.2 percent

Cereals: 4.77 percent

Rice: 1.32 percent

Wheat: 2.4 percent

Pulses: (-) 7.67 percent

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |

Subscribe