Food inflation rises after three weeks of decline

By IANS,

New Delhi : India’s annual rate of food inflation rose to 10.05 percent for the week ended March 12 — after three straight weeks of decline, official data showed Thursday.


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Food inflation, which was on a downtrend since early March, was registered at 9.42 percent for the week ending March 5.

Limited data on the wholesale price index released by the commerce and industry ministry also showed a spike in the index for primary articles which rose from 12.31 to 13.53 percent for the week under review, while that for fuel remained unchanged at 12.79 percent.

India’s inflation rate continues to remain sharply higher than the comfort zone of both the Reserve Bank of India’s 4-5 percent and the government, which earlier said the prices will be reined in to no more than 5 percent.

Following are the yearly rise and fall in prices of some main commodities that form the sub-index for food articles:

Onions: 10.8 percent

Vegetables: 11.2 percent

Fruits: 23.6 percent

Potatoes: 2.82 percent

Milk: 6.63 percent

Eggs, meat, fish: 13.21 percent

Cereals: 4.45 percent

Rice: 2.75 percent

Wheat: 2.15 percent

Pulses: (-)3.78 percent

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