Food inflation rose to 9.41 per cent for the week ended September 24 on the back of costlier vegetables, fruits, milk and protein-based items. Food inflation, as measured by Wholesale Price Index, had stood at 9.13 per cent in the previous week. According to the Ministry of Commerce data released today, vegetables became dearer by 14.88 per cent year-on-year during the week under review, while potatoes and onions grew more expensive by 9.34 per cent and 10.58 per cent, respectively.Overall, inflation in primary articles stood at 10.84 per cent during the week under review, compared to 11.43 per cent in the previous week. Primary articles have a share of over 20 per cent in the Wholesale Price Index.Inflation in non-food articles, which comprise fibers, oil seeds and minerals, stood at 10.77 per cent, as against 12.89 per cent in the previous week.Expressing serious concern over the rise in inflation, Finance Minister Mr. Pranab Mukherjee said, it has to be looked into on how to bring it down to a moderate level soon. Mr. Mukherjee said that he was constantly in touch with the RBI on the matter.
News On AIR | October 7, 2011 1:23 PM
Food inflation rises to 9.41%