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Food inflation falls to 11.81 per cent

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Food inflation eased marginally to 11.81 per cent for the week ended October 29 from 12.21 per cent in the previous week but the fall brought no relief to the common man as prices of almost all edibles such as fruits, vegetables, milk and pulses continued to rule at high levels.

The only solace that the WPI numbers appeared to offer to the consumer is that food inflation during the like week of 2010 was way higher at 12.68 per cent. As per official data, vegetables continued to rule dearer by 26.05 per cent on a yearly basis while prices of pulses were higher by 13.27 per cent, fruits by 11.70 per cent, milk by 11.79 per cent and cereals by 4.07 per cent. The protein-rich items also remained costlier by 12.74 per cent

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Eggs, meat and fish also became 12.74 per cent more expensive on an annual basis, while cereal prices were up 4.07 per cent.

However, onions became 19.31 per cent cheaper. Wheat prices were also down 1.77 per cent year-on-year during the week under review.

Inflation in the overall primary articles category stood at 11.43 per cent, compared to 12.08 per cent in the previous week. Primary articles have over 20 per cent weight in the wholesale price index.

Inflation in non-food articles, including fibres, oilseeds and minerals, was recorded at 6.41 per cent during the week under review.

Fuel and power inflation stood at 14.50 per cent during the week ended October 29, unchanged from the previous week.

The Hindu

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