Food inflation rises to 9.13% for week ended June 11
Food inflation in the country touched a two-and-half-month high of 9.13% in the week ended June 11 on the back of costlier fruits, milk, onions and protein-based items.business Updated: Jun 23, 2011 12:44 IST
Food inflation in the country touched a two-and-half-month high of 9.13% in the week ended June 11 on the back of costlier fruits, milk, onions and protein-based items.
Food inflation, as measured by the Wholesale Price Index (WPI), stood at 8.96% during the previous week. It was almost 23% during the second week of June, 2010.
Food inflation has crossed the 9% mark after a gap of one week.
The latest food inflation numbers are the highest since the week ended March 26, 2011, when the rate of price rise of food items touched 9.18%.
As per data released by the government on Thursday, fruits became dearer by 28.66% year-on-year, while milk grew 15.30% more expensive.
During the week under review, prices of onions went up by 11.89% and eggs, meat and fish by 10.56% on an annual basis.
Cereals were also up 4.32% and potatoes became dearer by 0.71%.
However, prices of pulses, wheat and vegetables went down during the week. While pulses became 10.34% cheaper, wheat was down 1% and vegetables 9.27%.
Overall, primary articles reported inflation of 12.62% during the period under review, down from 12.86% in the previous week. Primary articles have a share of 20% in the WPI.
The latest surge in food inflation comes close on the heels of the India Meteorological Department's (IMD) forecast that monsoon rains are expected to be below normal at 95% of the Long Period Average (LPA), with margin for error of plus or minus 4%.