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Jul 222011
 

Food inflation declined to 7.58 per cent for the week ending July 9, compared to 8.31 per cent in the previous week as prices of onions, milk, eggs and meat eased, according to official data released on Thursday.

Food inflation had shot up for the week ending July 2.

The primary articles index also fell to 11.13 per cent for the week under review, compared to 11.58 per cent in the previous week, according to data released by the ministry of commerce and industry.

The index for fuels and power continued to hold steady at 11.89 per cent for the week ended July 9. The index for non-food articles, however, rose 15.5 per cent from 15.2 per cent in the previous week.

Onion prices rose at a slower 19.68 per cent year-on-year, compared to the rise of 30.72 per cent seen in the previous week, while milk prices eased to 10.76 per cent.

Eggs, meat and fish prices also grew at a slow 7.97 per cent.

The following are the yearly rise and fall in prices of some main commodities that form the sub-index for food articles:

Vegetables: 4.31 per cent

Fruits: 15.84 per cent

Potatoes: 4.2 per cent

Cereals: 4.77 per cent

Rice: 1.32 per cent

Wheat: 2.4 per cent

Pulses: (-) 7.67 per cent.

http://articles.timesofindia.indiatimes.com

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