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Consumers receive some respite as food prices stop rising

The consumers in four metros receive some respite with retail food prices generally remaining steady in the early part of May.

business Updated: May 16, 2008 13:15 IST

Reeling under high inflation for quite some time, the consumers in four metros received some respite with retail food prices generally remaining steady in early part of May.

Barring groundnut oil, prices of 13 essential commodities in Delhi, Mumbai, Kolkata and Chennai retail markets remained steady during the week ended May 9, according the government statement.

Prices of pulses and edible oils that have risen in the last few weeks due to short supply of the commodity in the country have remained unchanged in all four metros.

In Delhi, prices of gram dal and tur remained steady at Rs 36 per kg and Rs 42 per kg respectively over a week in the retail market. Wheat and atta stood at Rs 13 per kg and Rs 14 per kg respectively. Meanwhile, groundnut oil rose by Rs 1 to Rs 121 per kg over one week, the data showed.

According to economists, prices of some commodities have calmed down to some extent after the government has taken a slew of measures to ease the inflation which has shot up to 7.61 per cent for the week ended April 26 and has further risen to 7.83 per cent for the week ended May 3.

"Retail prices of pulses, wheat and dal have come down in the last few weeks. It has eased our food expenses a bit," a housewife in Delhi, Suchitra Singh, told PTI.

Cost of living in metros is normally high and a steady price movement in food items is a breather to consumers. It also helps to keep inflation under control, experts said.

In order to arrest rising food prices, the government on March 31 had cut the import duty on all edible oils. It extended the ban on export of pulses for one more year. Last week, it also suspended chana, potato, soya oil and rubber from futures trading.