Annual food inflation fell marginally by 0.14 percent to 9.53 per cent for the week ended July 24. It was 9.67 per cent for the week ended July 17. The fall in food inflation is due to decline in prices of vegetables, especially potato and onion.On an yearly basis, potato became cheaper by 41.14 per cent, while vegetables overall saw a decline of 17.32 per cent. Onion price also slid by 4.06 per cent. Cereals, however, registered a rise of 6.87 per cent due to higher prices of pulses, rice and wheat over the same period last year. While pulses became dearer by 20.49 per cent, prices of rice rose by 7.28 per cent and that of wheat by 6.79 per cent. Among other food items, milk prices went up by 19.03 per cent during the week compared to same period of last year.
News On AIR | August 5, 2010 6:32 PM
Annual food inflation falls marginally