Thursday, September 8, 2011

Food Inflation in India back to single digit

Food inflation is down to 9.55% for the week ended August 27 after breaching 10% in the previous week.

Prices of pulses fell by 1.56% year-on-year, while wheat became cheaper by 1.04% during the week ended August 27.

Onions grew dearer by 42.03% on an annual basis, while potato prices were up by 13.38% during the week under review.

Fruits became 16.57% more expensive and overall, prices of vegetables shot up by 22.42% on an annual basis in the week ended August 27.

The prices of eggs, meat and fish were up 7.26%, while milk and cereals became dearer by 9.12% and 5.45%, respectively.

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