India's food price inflation shoots up to 9.13 per cent
23 Jun 2011
Food price inflation in the country shot up to 9.13 per cent during the week ended 11 June 2011 on the back or high prices of fruits and vegetables. Food price inflation in the country had briefly slid to 8.96 per cent during the previous week amidst price volatility across commodity markets.
Fruits became dearer by 28.66 per cent while milk prices rose 15.30 per cent year-on-year, official data released today showed.
Food price inflation in the country stood at 22.93 per cent during the comparable week of the previous year.
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) was 6.81 per cent against 6.63 per cent in the similar period of the previous year.
The index for the 'food articles' group rose 1.5 per cent to 191.3 (provisional) during the week ended 11 June 2011 from 188.4 (provisional) in the previous week due to higher prices of fish-marine (up 5 per cent), milk (up 4 per cent), tea and poultry chicken (up 3 per cent each), jowar and egg (up 2 per cent each) and moong, fish-inland and fruits and vegetables (up 1 per cent each). However, the prices of bajra and urad (down 5 per cent each) and ragi, barley, condiments and spices and pork (down 1 per cent each) declined.
Inflation rate for the 'non-food articles' group declined to 18.43 per cent during the week ended 11 June 2011 from 20.20 per cent in the previous week.
It was 15.82 per cent during the comparable week of the previous year.
