NEW DELHI (Commodity Online): On the back of low price of fruits & vegetables, egg, gram, moong and condiments & spices, India’s food inflation for the week ended January 14, 2012 has fallen to -1.03 % while the annual rate of inflation was down to 1.89% for the week ended 14th January as against 2.47% the previous week .
The index for ‘Food Articles’ group rose by 0.3% to 191.4 from 190.9 for the previous week due to higher prices of bajra, fish-marine and jowar, ragi and barley and wheat, maize and milk.
While, the prices of fruits & vegetables, egg, gram, moong and condiments & spices declined.
The index for ‘Non-Food Articles’ group declined by 1.5% to 179.9 from 182.6 for the previous week due to lower prices of flowers, raw cotton, sunflower and raw rubber, castor seed and copra.
While, the prices of gaur seed, groundnut seed, and raw jute, coir fibre, linseed, soyabean, rape & mustard seed and mesta moved up.
Meanwhile, the index for ‘Minerals’ group rose by 0.7% to 325.1 from 322.8 for the previous week due to higher prices of zinc concentrate, copper ore, magnesite and iron ore.
However, the prices of dolomite and barytes declined.
