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Food inflation dips marginally to 10.15%

Food inflation dips marginally to 10.15%

Price of food items like pulses and vegetables declined during the week ended November 13 on improved availability after the end of the monsoon season.

Food inflation dipped for the sixth-straight week and dropped to 10.15 per cent for the week ended November 13, on cheaper vegetables and pulses.

Figures for the previous week were 10.3 per cent.

Price of food items like pulses and vegetables declined during the week on improved availability after the end of the monsoon season.

While pulses' prices fell 7.58 per cent, vegetables became cheaper by 3.76 per cent on account of a sharp dip in potato prices that reduced as much as 48.70 per cent during the week.

However, food items like egg, meat and fish rose about 23 per cent. In vegetables, onion was expensive by 17.03 per cent on annual basis.

Also, fruits and milk became costlier by 21.85 per cent and 16.90 per cent, respectively, on year-on-year basis.

Decline in food inflation has raised hopes that overall inflation may decline to around 6 per cent by the end of the year, as predicted by the government.

Published on: Nov 25, 2010, 12:46 PM IST
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