Food price inflation declines to 9.03 per cent
18 Aug 2011
India's food price inflation has declined to 9.03 per cent during the week ended 6 August, from the four-and-a-half-month high of 9.9 per cent reached during the previous week.
Inflation rate based on the wholesale price index of food articles declined to 9.03 per cent during the week ended 6 August 2011, from 9.90 per cent during the previous week.
It was 14.51 per cent during the comparable week of the previous year.
The decline in food price inflation from the near-two digit level was aided by
Build-up of inflation during the financial year (beginning 1 April 2011) was 7.15 per cent against 7.06 per cent during the comparable week of the previous year.
The index for the 'food articles' group declined 1.7 per cent to 191.9 (provisional) from 195.3 (provisional) during the previous week due to lower prices of fruits and vegetables and fish-marine (down 5 per cent each), fish-fresh water (down 4 per cent), urad, bajra and arhar (down 2 per cent each) and wheat and moong (down 1 per cent each). However, the prices of ragi (up 5 per cent), gram and maize (up 2 per cent each) and jowar (up 1 per cent) moved up.
