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Food inflation down to 9.18 per cent
7 April 2011: Food inflation slid to 9.18 per cent for the week ended on 26 March 2011, the lowest level in almost four months, on the back of a decline in the prices of pulses.
Food inflation stood at 9.50 per cent in the preceding week. The last time food inflation was lower than this level was during the week ended on 27 November 2010, when it was registered at 8.69 per cent.
The latest numbers also mean that food inflation is in single digits for the second consecutive week. During the week under review, prices of pulses fell by 5.39 per cent on an annual basis.
However, other food items continued to exhibit an upward trend in terms of the rate of price rise. Fruits became dearer by 25.40 per cent Y-o-Y, while eggs, meat and fish became 12.80 per cent more expensive during the week under review. Milk was also up by 3.87 per cent.
On an annual basis, cereals became dearer by 3.62 per cent, while rice and wheat were up by 2.08 per cent and 0.29 per cent, respectively. Vegetables were up by 11.41 per cent. Potatoes became 5.30 per cent costlier and onion prices went up by 8.48 per cent.
During the week under review, inflation in non-food articles was 27.56 per cent. Fibres became dearer by 86.90 per cent, while fuel and power was up by 13.13 per cent. Petrol became dearer by 23.14 per cent on an annual basis.
Source: DNA