Milk, pulses push food inflation up to 16.55 pc

Inflation increases by 0.32 percent over last week's 16.23 pc.

PTI | June 3, 2010



Driven by higher prices of pulses, milk and fruits, food inflation rose to 16.55 per cent for the week ended May 22.

Inflation increased by 0.32 percentage point from 16.23 per cent in the previous week, food inflation data released here today showed.

Potatoes and onions became cheaper by 34.09 per cent and 11.55 per cent respectively.

Prices of pulses, on the other hand, shot up by 30.84 per cent, that of milk by 21.12 per cent, fruits 13.7 per cent and vegetables 1.34 per cent.

Among other food items, rice and wheat turned costlier by 7.30 per cent and 3.07 per cent respectively.

Although food prices have been firming up, experts feel prices will come down in the next 2-3 months.

"Seasonal pressure on certain food products is expected to ease in early July... from August and September we will see a continuous downtrend in food inflation," said HDFC chief economist Abheek Barua.

As regards spiralling prices of pulses, Barua said, "Globally there has been a shortage of pulses and the impact is also evident in India."

The overall inflation for April, that includes food and manufactured goods, stood at 9.59 per cent, moderating slightly from 9.90 per cent in March.

Comments

 

Other News

UPI completes 10 years of digital payments revolution

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digi

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future.   At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter