July 28, 2011 1:52 PM

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Food inflation declines

Food inflation declined to its lowest level in 20 months at 7.33 per cent for the week ended July 16. The fall in food inflation by 0.25 percent in comparison to the previous week is on the back of cheaper pulses. It stood at 7.58 per cent in the previous week.During the week under review, prices of pulses fell by 8 per cent year-on-year. However, prices of other items went up. Onions became more expensive by 22.66 per cent and fruits became 13.90 percent dearer on an annual basis.Potatoes became 10.55 per cent costlier, while milk was up 9.96 percent. Vegetable prices were up by 7.59 per cent year-on-year.Overall, primary articles recorded inflation of 10.49 per cent. However, inflation of non-food articles went up to 16.05 percent from 15.50 percent in the previous week.Furthermore, fibers became more expensive by over 28 per cent and oil seeds were up 13.72 per cent. Minerals became dearer by 23.12 per cent year-on-year.

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