Food inflation falls to 11.81%

As per data released by the government,vegetables became 26.05 per cent costlier on a year-on-year basis during the week ended October 29. Pulses grew costlier by 13.27 per cent,fruits by 11.70 per cent and milk by 11.79 per cent.

Eggs,meat and fish also became 12.74 per cent more expensive on an annual basis,while cereal prices were up 4.07 per cent.

However,onions became 19.31 per cent cheaper. Wheat prices were also down 1.77 per cent year-on-year during the week under review.

Inflation in the overall primary articles category stood at 11.43 per cent,compared to 12.08 per cent in the previous week. Primary articles have over 20 per cent weight in the wholesale price index.

Inflation in non-food articles,including fibres,oilseeds and minerals,was recorded at 6.41 per cent during the week under review.

Fuel and power inflation stood at 14.50 per cent during the week ended October 29,unchanged from the previous week.

Food inflation at 11.81% y/y on: govt

India’s food price index rose 11.81 percent and the fuel price index climbed 14.50 percent in the year to Oct. 29,government data on Friday showed.

In the previous week,annual food and fuel inflation stood at 12.21 percent and 14.50 percent,respectively.

The primary articles price index was up 11.43 percent,compared with an annual rise of 12.08 percent a week earlier.

India’s central bank,the D Subbarao-led Reserve Bank of India (RBI) raised interest rates last month for the 13th and possibly final time in a tightening cycle that began in early 2010,on expectations that persistently high inflation will finally begin to ease starting in December.