Food price inflation declines further to 8.28 per cent
15 Apr 2011
Food price inflation in the country, which remained unsteady in a volatile market, declined further to 8.28 per cent during the week ended 2 April 2011 from 9.18 per cent in the previous week.
Food price inflation in the country stood at 20.80 per cent during the comparable week of the previous year.
The index for the 'food articles' group, however, rose slightly during the week due to higher prices of fruits and vegetables, coarse grains, moong and egg.
Food articles have a weight of 14.34 in the wholesale price index (WPI) of commodities while primary articles have a weight of 20.12, non-food articles a weight of 4.26 and fuel and power group a weight of 14.91.
Build-up of inflation for the `food articles' group so far during the current financial year (beginning 1 April 2011) stood at 1.95 per cent against 2.80 per cent in the similar period of the previous year.
The index for the 'food articles' group rose 1.9 per cent to 183.0 (provisional) during the week ended 2 April 2011 from 179.5 (provisional) in the previous week, due to higher prices of fruits and vegetables (up 8 per cent), bajra (up 3 per cent), maize (up 2 per cent) and moong, egg and gram (up 1 per cent each). However, the prices of barley (down 8 per cent), tea (down 3 per cent) and masur, wheat, fish-inland and urad (down 1 per cent each) declined.