Food inflation has increased despite several measures by the Reserve bank of India. The food inflation jumped to 12.21 per cent for week ended October 22 from 11.43 per cent in previous week. This was revealed by Finance Minister Pranab Mukherjee while talking to reporters in New Delhi on Thursday. Mr Mukherjee said that inflation continues to remain above the double digit mark and it is a matter of grave concern. He said that the food prices are still going high dangerously. According to the data released by the Finance Ministry, the high food inflation was driven by increase in prices of pulses, vegetables, egg, meat and fish. The rate of inflation in pulses jumped to 11.65 percent during the week ended October 22 from 9.06 percent in the previous week, prices of vegetables during the period increased to over 28 percent. However, fuel prices dropped marginally to 14.5 percent from 14.7 percent last week while cereals prices also declined marginally to 4.13 percent from 4.62 percent in the previous week.
News On AIR | November 4, 2011 9:14 AM
Food inflation rises to 12.21%