December 8, 2011 8:30 PM

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Food inflation falls sharply to 6.60%

Food inflation fell sharply by 1.4 per cent to 6.60 per cent for the week ended November 26. It was 8 per cent in the previous week ended November 19. The fall in food inflation rate is on the back of declining prices of essential items like vegetables, onions, potatoes and wheat.Data released by the government today indicate that onions became cheaper by 39.20 per cent year-on-year during the week under review, while potato prices were down by 15.75 per cent.Prices of wheat also fell by 4.70 per cent. Overall, vegetables became cheaper by 1.25 per cent. However, other food products grew more expensive on an annual basis.Pulses became 13 per cent costlier during the week under review, while milk grew dearer by 11.02 per cent and eggs, meat and fish by 10.04 per cent. Fruits also became 10.72 per cent more expensive on an annual basis, while cereal prices were up by 1.68 per cent.Inflation in the non-food segment, which includes fibers, oilseeds and minerals, was recorded at 1.37 per cent during the week under review.

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