Food inflation at 18-week high of 9.9%
New Delhi: Food inflation, as measured by Wholesale Price Index (WPI), stood at 8.04% in the previous week. The rate of price rise in food items was recorded at 16.45% in the last week of July, 2010.
As per data released by the government today, prices of onions went up by 36.62% year-on-year, while fruits became 16.49% more expensive.
During the week under review, vegetables overall became dearer by 14.61% and prices of eggs, meat and fish were up by 13.44% on an annual basis.
In addition, cereal prices went up by 6.22%, potatoes by 10.85% and milk by 10.38%.
However, pulses became cheaper by almost 6% on an annual basis.
The latest numbers are likely to put further pressure on the government and the Reserve Bank, who have been battling the high rate of price rise over a period of one-and-a-half years.
This is the highest rate of price rise in food items since the week ended March 12, when food inflation stood at 10.05%.
Overall, primary articles recorded inflation of 12.22% for the week ended July 30, up from 10.99% in the previous week. Primary articles have a share of over 20% in the WPI.
However, inflation in non-food articles, which include fibres, oil seeds and minerals, fell to 15.05% from 15.60% in the previous week.
Source: Business Standard