NEW DELHI (Commodity Online): High vegetable and pulse price in India has raised the food inflation in the country to 9.13% in the week ended Sept 17 as compared to 8.84% in the previous week, as per the official data released by the commerce and industry ministry.
With the food inflation rising over 9%, after a fall last week, the government will have to ease the supply side holdup to curb the inflation.
According to data, the wholesale price index rose by 11.43 in the week under review as compared to 12.17% in the previous week. Whereas the fuel and power index accelerated to 14.69% during the week under assess as compared to 13.96 percent in the previous week.
Meanwhile, the index for non-food articles rose at a slower rate of 12.89% compared to 17.42% in the previous week.
The RBI in the 12th such exercise since January 2010 to tame stubborn inflation had hiked key rates by 25 basis points. Even though the aggressive monetary tightening by the central bank, inflation has remained persistently high.
The annual inflation rate for August was seen close to the double digit at 9.78% based on the wholesale price index.
Following are the some commodities from the sub index of food articles yearly rise and fall in prices: Onions: 17.04 %, Vegetables: 11.98%, Cereals: 3.83 %, Rice: 3.48 %, Pulses: 4.86%, Wheat: (-) 2.67 percent.
