Food inflation at 7.58% y/y as at July 9: govt

Food inflation declined to 7.58% for the week ending July 9, compared to 8.31% in the previous week as prices of onions, milk, eggs and meat eased, according to official data released on Thursday.

Food inflation had shot up for the week ending July 2.

The primary articles index also fell to 11.13% for the week under review, compared to 11.58% in the previous week, according to data released by the ministry of commerce and industry.

The index for fuels and power continued to hold steady at 11.89% for the week ended July 9. The index for non-food articles, however, rose 15.5% from 15.2% in the previous week.

Onion prices rose at a slower 19.68% year-on-year, compared to the rise of 30.72% seen in the previous week, while milk prices eased to 10.76%.

Eggs, meat and fish prices also grew at a slow 7.97%.

The following are the yearly rise and fall in prices of some main commodities that form the sub-index for food articles:

Vegetables: 4.31%

Fruits: 15.84%

Potatoes: 4.2%

Cereals: 4.77%

Rice: 1.32%

Wheat: 2.4%

Pulses: (-) 7.67%