Food inflation declines
PRESS TRUST OF INDIA
New Delhi Dec 8: Food inflation fell sharply to 6.60 per cent for the week ended November 26, reflecting a decline in prices of essential items like vegetables, onions, potatoes and wheat.
Food inflation, as measured by the Wholesale Price Index (WPI), stood at 8 per cent in the previous week ended November 19. It was recorded at 8.93 per cent in the corresponding period last year.
According to data released by the government today, onions became cheaper by 39.20 per cent year-on-year during the week under review, while potato prices were down by 15.75 per cent. Prices of wheat also fell by 4.70 per cent.
Overall, vegetables became cheaper by 1.25 per cent, a big relief after double-digit inflation in vegetable prices during the months of September and October.
However, other food products grew more expensive on an annual basis, led by protein-based items.
Lastupdate on : Thu, 8 Dec 2011 21:30:00 Makkah time
Lastupdate on : Thu, 8 Dec 2011 18:30:00 GMT
Lastupdate on : Fri, 9 Dec 2011 00:00:00 IST
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