DON'T SHARE NUISANCE.
Food inflation falls to nine-week low
PM has assured overall inflation would come down to 7 per cent by March-end.
New Delhi: India's annual food inflation dropped to 11.05 percent for the week ended February 5 -- a nine-week low -- as prices of essential items like pulses, and potatoes dropped, according to official data released on Thursday.
The food inflation had dropped nearly four percentage points to 13.07 per cent in the previous week.
The data should give some respite to the government which has been trying out various measures from monetary policy tightening to a slew of initiatives like selling essential food items by state-run agencies and a crackdown on hoarders.
The annual inflation based on wholesale prices was 8.23 per cent in January.
In an interaction with editors of TV news channels Wednesday, Prime Minister Manmohan Singh had assured the country that food inflation would come down and overall inflation be no more than 7 per cent by March-end.
The annual inflation for primary articles declined to 14.59 per cent during the week ended February 5, compared to 16.24 per cent in the previous week.
The fuel index, however, rose to 11.92 per cent as against 11.61 per cent in the week before.
The following are the yearly rise and fall in prices of some main commodities that form the sub-index for food articles:
Onions: 31.33 per cent
Vegetables: 23.99 per cent
Fruits: 12.21 per cent
Potatoes: (-)13.63 per cent
Milk: 11.66 per cent
Eggs, meat, fish: 15.14 per cent
Cereals: 1.53 per cent
Rice: 1.89 per cent
Wheat: (-)2.54 per cent
Pulses: (-)5.88 per cent
Recommended For You
- Virat Kohli Says Champions Trophy Most Competitive 'Big' Tournament
- Prabhas-Anushka's Real Life Photos Are As Magical As Their Onscreen Chemistry
- Krunal Pandya: Kept Cool Head, Knew MI's Chances Rested On My Shoulders
- Snapchat 'Custom Stories' Feature Looks Promising For Group Outings
- Read Exclusive Excerpts From Sita: Warrior of Mithila by Author Amish