Food inflation dips to 10.15 pc

Nov 25, 2010 |

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New Delhi: Food inflation dipped for the sixth straight week and dropped to 10.15 per cent for the week ended November 13, on cheaper vegetables and pulses.

Food inflation in the previous week was 10.3 per cent. Price of food items like pulses and vegetables declined during the week on improved availability after the end of the monsoon season. While pulses' prices fell by 7.58 per cent, vegetables became cheaper by 3.76 per cent on account of a sharp dip in potato prices that reduced by as much as 48.70 per cent during the week.

However, food items like egg, meat and fish rose by about 23 per cent. In vegetables, onion was expensive by 17.03 per cent on annual basis.

Also, fruits and milk became costlier by 21.85 per cent and 16.90 per cent, respectively, on year-on-year basis.

Decline in food inflation has raised hopes that overall inflation may decline to around 6 per cent by the end of the year, as predicted by the government.

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