India's food price inflation eases further to 9.47 per cent

Food price inflation in the country eased further to 9.47 per cent year-on-year during the week ended 3 September 2011, from 9.55 per cent in the previous week, with some easing in the prices of essential commodities.

Food price inflation based on the wholesale price index stood at 15.16 per cent in the corresponding week of the previous year.

Build-up of inflation during the financial year (beginning 1 April 2011) was 9.10 per cent against 8.58 per cent during the comparable week of the previous year.

The index for the 'food articles' group rose 0.2 per cent to 195.4 (provisional) during the week ended 3 September 2011, from 195.1 (provisional) in the previous week, due to higher prices of milk, gram, arhar and fruits and vegetables (up 1 per cent each). However, the prices of moong, urad, fish (fresh water) and tea (down 2 per cent each) and jowar, wheat, poultry chicken and egg (down 1 per cent each) declined.

Inflation rate for the `non-food articles' group, however, declined to 18.49 per cent during the week ended 3 September 2011, from 19.88 per cent cent during the previous week. It was 16.64 per cent during the similar week of the previous year.

Build-up of inflation for the group during the financial year (beginning 1 April 2011) was -3.39 per cent against 3.78 per cent during the comparable week of the previous year.