Food inflation down at 10.35 pc in first week of Aug

Aug 19, 2010 |

New Delhi

Annual food inflation fell to 10.35 per cent for the week ended August 7 as prices of vegetables, specially potato and onion, declined.

Food inflation, which was 11.40 per cent for the week ended July 31, is in double digits for the second consecutive week, after it remained in single digit for a fortnight in mid-July.

On an yearly basis, potato became cheaper by almost 50 per cent, while vegetables overall saw a decline of 22.12 per cent. Onion prices also slid by 6.91 per cent.
Cereals prices, however, rose by 7.40 per cent driven mainly by higher prices of pulses, rice and wheat compared to the same period in 2009.

While pulses became dearer by 18.32 per cent, prices of rice and wheat rose by 8.27 per cent and 7.63 per cent, respectively, during the week under review on a yearly basis.

Among other food items, milk prices soared by 19.03 per cent during the week compared to the same period in 2009, while that of fruits went up by 16.74 per cent.
The overall inflation, which also include rate of change in prices of manufactured goods, fell to single digit at 9.97 per cent after a gap of five months.

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