Food inflation slips to 7.58% for week ended 9th July
21 Jul 2011
Food inflation declined to a three-week low of 7.58 per cent for the week ended 9th July from 8.31 per cent in the week ended 2nd July.
The decline in food inflation, as measured by the wholesale price index is attributed to cheaper prices of pulses and a high base last year.
The data comes a day after the government said that pressure from headline inflation would remain till December on account of high international commodity prices.
Headline inflation stood at 9.44 per cent in June. It has remained consistently above the 9 per cent mark since December, 2010.
During the week ended 9th July, onions became 19.68 per cent more expensive on an annual basis while fruits grew dearer by 15.84 per cent.
The price of milk was up 10.76 per cent and eggs, meat and fish grew almost 8 per cent more expensive.
.webp)
