Food inflation at 10.63% for week ended Nov 5

Food inflation eased to 10.63 % for the week ended November 5 even as prices of agricultural items, barring onions and wheat, continued to rise on an annual basis.

Food inflation eased to 10.63 % for the week ended November 5 even as prices of agricultural items, barring onions and wheat, continued to rise on an annual basis.

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Food inflation, as measured by the Wholesale Price Index (WPI), stood at 11.81 % in the previous week ended October 29. The rate of price rise of food items stood at 11.41 % in the corresponding week of the previous year.

As per data released by the government on Thursday, onions became cheaper by 22.89 % year-on-year, while wheat price were down 3.63%.

However, all other items became more expensive on an annual basis during the week under review.

While vegetables became 27.26 % costlier, pulses grew dearer by 14.44 %, milk by 10.74 % and eggs, meat and fish by 11.73%.

Fruits also became 5.99% more expensive on an annual basis, while cereal prices were up 3.53%.

Inflation in the overall primary articles category stood at 10.39 % during the week ended November 5, as against 11.43% in the previous week. Primary articles have over 20% weight in the wholesale price index.

Inflation in non-food articles, including fibres, oilseeds and minerals, was recorded at 5.33% during the week under review, as against 6.41% in the week ended October 29.

Fuel and power inflation stood at 15.49% during the week ended November 5, as compared to 14.50 % in the previous week.