Food inflation at 9-week low of 11.05% | business | Hindustan Times
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Food inflation at 9-week low of 11.05%

Food inflation fell for the second straight week to a nine-week low of 11.05% for the week ended February 5 as pulses, wheat and potato prices declined.

business Updated: Feb 17, 2011 12:21 IST

Food inflation fell for the second straight week to a nine-week low of 11.05% for the week ended February 5 as pulses, wheat and potato prices declined.

Food inflation fell by 2.02 percentage points during the week ended February 5 from 13.07% in the week ended January 29.

On an annual basis, prices of potatoes declined by 13.63%, while pulses became 5.88% cheaper and wheat 2.54% less expensive, data released by the government showed.

However, on the whole, vegetables became nearly 24% costlier during the week ended February 5, pushed up mainly by a 31.33% increase in onion prices.

Furthermore, fruit and milk prices rose by 12.21% and 11.66%, respectively, while egg, meat and fish became 15.14% dearer on an annual basis.

At 11.05% during the week ended February 5, food inflation was at its lowest level since December 4, 2010, when it stood at 9.46%.