September 9, 2010 12:38 PM

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Food Inflation rises to 11.47%

Food inflation went up to 11.47 per cent for the week ended August 28. This follows increase in prices of cereals, fruits and milk.This is the second consecutive week when food inflation has shown an upward trend, after a brief period of moderation in July and first half of August. Food inflation was 10.86 per cent during the previous week ending on August 21.On a yearly basis, cereals prices rose by 5.07 per cent driven mainly by higher prices of pulses, rice and wheat compared to the same period last year.Among other food items, milk prices soared by 17.60 per cent during the week compared to the same period last year, while that of fruits went up by 10.34 per cent. Prices of vegetables, however, maintained a downslide in line with trends during the past few months.While vegetables overall saw a decline of 9.38 per cent on an annual basis, potato became cheaper by over 50. Onion prices also slid by 10.32 per cent.

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