Food inflation fell sharply to 6.60 per cent for the week ended November 26,
reflecting a decline in prices of essential items like vegetables, onions, potatoes and wheat.
Pranab says euro crisis causing inflation in India Food inflation, as measured by the Wholesale Price Index (WPI), stood at 8 per cent in the previous week ended November 19. It was recorded at 8.93 per cent in the corresponding period last year.
According to data released by the government on Thursday, onions became cheaper by 39.20 per cent year-on-year during the week under review, while potato prices were down by 15.75 per cent. Prices of wheat also fell by 4.70 per cent.
Inflation to ease by March 2012: RBI Overall, vegetables became cheaper by 1.25 per cent, a big relief after double-digit inflation in vegetable prices during the months of September and October.
However, other food products grew more expensive on an annual basis, led by protein-based items.
Pulses became 13 per cent costlier during the week under review, while milk grew dearer by 11.02 per cent and eggs, meat and fish by 10.04 per cent.
Fruits also became 10.72 per cent more expensive on an annual basis, while cereal prices were up by 1.68 per cent.
FDI in retail will reduce inflation: D Subbarao Inflation in the overall primary articles category stood at 6.92 per cent during the week ended November 26, against 7.74 per cent in the previous week. Primary articles have over 20 per cent weight in the wholesale price index.
Inflation in the non-food segment, which includes fibres, oilseeds and minerals, was recorded at 1.37 per cent during the week under review, as against 2.14 per cent in the week ended November 19.
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