By IANS,
New Delhi : India’s food inflation declined marginally to 9.18 percent for the week ended March 26 as the prices of vegetables and other food items like meat, eggs eased, official data showed Thursday.
Food inflation was recorded at 9.5 percent for the week ended March 19.
Limited data on the wholesale price index released by the commerce and industry ministry also showed a decline in the index for primary articles, was almost unchanged from 12.98 percent in the previous week to 12.97 percent for the week under review.
However, the fuel index continued to rein unchanged at 13.13 percent.
Food inflation has been largely range-bound, but higher than the comfort level of the government and the Reserve Bank of India. The annual rate of inflation was also recorded on the higher side in February at 8.31 percent.
According to a recently released report by global consulting firm Deloitte, consistently high inflation threatened the nine percent growth target set by the government.
The following are the yearly rise and fall in prices of some main commodities that form the sub-index for food articles:
Onions: 8.48 percent
Vegetables: 11.41 percent
Fruits: 25.4 percent
Potatoes: 5.3 percent
Milk: 3.87 percent
Eggs, meat, fish: 12.8 percent
Cereals: 3.62 percent
Rice: 2.08 percent
Wheat: 0.29 percent
Pulses: (-)5.39 percent