June 16, 2011 12:38 PM

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Food inflation falls marginally to 8.96 pc

Food inflation went down marginally to 8.96 per cent for the week ended June 4. This follows cheaper pulses and vegetables. Food inflation, as measured by the Wholesale Price Index or WPI, stood at 9.01 per cent in the previous week, while it was over 21 per cent in the first week of June last year. During the week under review, prices of pulses went down by over 10 per cent year-on-year, while vegetables became cheaper by 1.39 per cent. However, prices of other food items continued to move upward. Fruits became almost 30 per cent more expensive, while milk was up 10.59 per cent. Eggs, meat and fish became dearer by 7.31 per cent on an annual basis. The prices of onions went up by 12.17 per cent and potatoes by 1.14 per cent. Cereals were also up by 5.25 per cent. Overall, inflation in primary articles stood at 12.86 per cent during the week under review, up from 11.52 per cent in the previous week. Primary articles have a share of 20 per cent in the overall WPI basket.

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