NEW DELHI (Commodity Online): India's food inflation slips to 7.74 percent based on Wholesale Price Index (WPI) for the week ended 19th November compared to 9.08 percent for the previous week.
The index for `Food Articles` group declined by 1.4 percent to 195.7 (Provisional) from 198.5 (Provisional) for the previous week due to lower prices of fruits & vegetables (5%), ragi (3%), fish-marine(2%) and jowar, gram, masur, poultry chicken and condiments & spices(1% each). However, the prices of maize, milk, mutton, pork and tea(1% each) moved up.
Whereas the index for `Non-Food Articles` group rose by 1.1 percent to176.7(Provisional) from 174.7 (Provisional) for the previous week due to higher prices of flowers (12%), coir fibre and gingelly seed(4% each), groundnut seed and raw rubber (3% each), raw silk and copra(2% each) and rape & mustard seed, cotton seed and soyabean(1% each). However, the prices of niger seed(3%), linseed(2%) and raw cotton, and raw jute(1% each) declined.
The index for `Minerals` group rose by 0.2 percent to 311.1 (Provisional) from 310.5 (Provisional) for the previous week due to higher prices of bauxite (9%), barytes (7%) and chromite (1%). But the higher prices of steatite (13%) and magnesite(1%) declined.
The index for fuel and power rose by 0.2 percent to 171.8(Provisional) from 171.5(Provisional) for the previous week due to higher prices of naphtha and furnace oil (3% each) and aviation turbine fuel (2%). However, the prices of petrol (3%) and light diesel oil (2%) declined.
The annual rate of inflation, calculated on point to point basis, stood at 15.53 percent (Provisional) for the week ended 19th November as compared to 15.49 percent (Provisional) for the previous week .
