Food inflation crosses 15% | business | Hindustan Times
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Food inflation crosses 15%

Costlier essentials pushed up food inflation to 15.10 per cent in the week ended September 4 as rains disrupted supplies and the new composition of wholesale price index took effect.

business Updated: Sep 16, 2010 23:40 IST

Costlier essentials pushed up food inflation to 15.10 per cent in the week ended September 4 as rains disrupted supplies and the new composition of wholesale price index took effect.

The figure is not strictly comparable with the previous week’s figure of 11.47 per cent, as it was calculated on a new series based on 2004-05 prices with different weightage assigned to food items in the updated index.

In the corresponding week last year, food inflation was 14.64 per cent, when calculated using the weightages and the basket of the new series.

Finance Minister Pranab Mukherjee meanwhile said that inflationary pressures are still there in the system.