Food inflation moderates to 8% for week ended 19 Nov

Food inflation moderates to 8% for week ended 19 Nov
PTI
Comment E-mail Print Share
First Published: Thu, Dec 01 2011. 11 28 PM IST

Updated: Thu, Dec 01 2011. 11 28 PM IST
New Delhi: Food inflation witnessed a sharp moderation to 8% for the week ended 19 November though prices of most agricultural items, barring potatoes, onions and wheat, continued to rise on an annual basis.
Food inflation, as measured by the Wholesale Price Index, was 9.01% in the previous week ended 12 November. It was 9.03% in the corresponding week of the previous year.
According to data released by the government on Thursday, onions became cheaper by 40.65% year-on-year during the week under review, while potato prices were down by 10.98%. The price of wheat also fell 4.71%. However, all other food items were more expensive on an annual basis.
Pulses became 13.8% costlier during the week ended 19 November, while milk grew dearer by 11.41% and eggs, meat and fish by 13.55%.
Vegetable prices were up by 5.13% year-on-year. However, this marked a substantial slowdown in the inflation rate in comparison to the past few months, when prices of vegetables had witnessed double-digit growth.
feedback@livemint.com
Comment E-mail Print Share
First Published: Thu, Dec 01 2011. 11 28 PM IST
More Topics: India | Economy | Inflation | Food Price Index | Fuel |