Food inflation up to 11.47 percent

Fruits and milk drive food inflation

PTI | September 9, 2010



Food inflation went up to 11.47 per cent for the week ended August 28, on the back of increase in prices of cereals, fruits and milk.

This is the second consecutive week when food inflation has shown an upward trend, after a brief period of moderation in July and first half of August.

Food inflation was 10.86 per cent during the previous week ending on August 21.

On a yearly basis, cereals prices rose by 5.07 per cent driven mainly by higher prices of pulses, rice and wheat compared to the same period last year.

While pulses became dearer by 13.44 per cent, prices of rice and wheat rose by 4.74 per cent and 7.04 per cent, respectively, during the week under review on yearly basis.

Among other food items, milk prices soared by 17.60 per cent during the week compared to the same period last year, while that of fruits went up by 10.34 per cent.

Prices of vegetables, however, maintained a downslide in line with trends during the past few months.

While vegetables overall saw a decline of 9.38 per cent on an annual basis, potato became cheaper by over 50. Onion prices also slid by 10.32 per cent.

Food inflation has been in double-digit for most of the year, except a fortnight in mid-July when it had plummeted to single digit level.

The overall inflation, which also includes rate of change in prices of manufactured goods, fell to single digit at 9.97 per cent in July after a gap of five months. The figures for August will be released later this week.

Comments

 

Other News

How social media is reshaping elections

Since Brazil’s return to direct presidential elections in 1985, no candidate who finished second in the first round of polling had ever won the presidency. Luiz Inácio Lula da Silva, now 81, has just done it. What explains the comeback, and what changed in Brazilian politics to make it possi

Cabinet approves Dearness Allowance, Dearness Relief

The union cabinet chaired by prime minister Narendra Modi on Wednesday approved the release of an additional instalment of Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners with effect from 01.07.2026 representing an increase of 3% over the existing rates of 6

Cyclone Arnab strikes Andhra as warming oceans amplify storm risks

Cyclone Arnab made landfall along the Andhra Pradesh and Yanam coasts in the early hours of Wednesday as a very severe cyclonic storm, with maximum sustained wind speeds of 125–135 kmph and gusts reaching 150 kmph. Its rapid intensification has raised concerns about how warmer oceans, global warmin

Counting matters but which ones?

The first instinct of public policy is to count. Its harder task is to count what counts. We have become remarkably good at measuring the reach of the welfare state vis-à-vis beneficiaries covered, rupees transferred, houses built, connections installed and services delivered. But some of the most

Inching closer to a trade deal with America

The cooperation between India and the United States goes back quite a time. We need to relegate that era to the backburner when Pandit Jawaharlal Nehru visited US in the times of president Dwight Eisenhower and called the American let-off of 10 million dollars in defence aid to Pakistan as a “gun w

Manch vs Musk: Forty people and a foreign billionaire

About forty people walked the roundabout on Teen Murti Marg to the gate of Chanakyapuri police station, a distance you could cover in under a minute, on Friday to protest against Elon Musk’s Starlink. The walk was called by the Swadeshi Jagaran Manch. Nobody joined them on the way, and nobody seeme

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter