NEW DELHI (Commodity Online) : India’s annual food inflation based on wholesale price index rose slightly to 10.86 percent for the week ended Aug 21, compared with previous week’s 10.05 percent.
According to official figures from the Commerce ministry, the overall inflation, which also factors in the rate of change in prices of manufactured goods, fell to 9.97 per cent in July after a gap of five months.
On an yearly basis, potato became cheaper by over 51 per cent, while vegetables overall saw a decline of 9.90 per cent. Onion prices also fell by 8.97 per cent.
Will edible oil prices continue to weaken? For latest trends and insightful analysis on India’s oilseeds market, subscribe to Commodity Online Info Service
Cereal prices, however, rose by 6.76 per cent, driven mainly by higher prices of pulses, rice and wheat compared to the same period last year.
While pulses became dearer by over 14 per cent, prices of rice and wheat rose by 8.05 per cent and 7 per cent, respectively, during the week under review on yearly basis.
Among other food items, milk prices soared by 18.22 per cent, and fruits became dearer by 9.27 per cent during the week over the same period last year.
Food inflation has been in double digit for most of the year, except for a brief period in July when it fell to single digit.
