Food price inflation drops sharply to 13.75 per cent
28 Oct 2010
Inflation rate based on the wholesale price index of food articles in the country declined sharply to 13.75 per cent (provisional) during the week ended 16 October 2010 from 15.53 per cent (provisional) in the previous week.
The decline was due mainly to lower prices of fruits and vegetables (-4 per cent), bajra, jowar, fish, masur and urad (-1 per cent each).
Food price inflation stood at 12.15 per cent in the comparable week of the previous year (week ended 17 October 2010).
Build-up of food price inflation so far during the financial year (beginning 1 April 2010) was 9.18 per cent (provisional) against 16.29 per cent in the corresponding week of the previous year.
The index for the 'food articles' group declined 0.7 per cent to 179.5 (provisional) during the week, from 180.8 (provisional) in the previous week, due to lower prices of fruits and vegetables (-4 per cent) and bajra, jowar, fish-inland, masur and urad (-1 per cent each).
However, the prices of poultry chicken, arhar and fish-marine (4 per cent each) and barley (3 per cent) moved up.