Food inflation at an alarming 11.49%

PTI | By, New Delhi
Feb 24, 2011 12:35 PM IST

India's food price index rose 11.49% and the fuel price index climbed 12.14% during the year, as on February 12, government data showed today.

Food inflation rose to 11.49% for the week ended February 12 from 11.05% in the previous week, driven by rising prices of milk, egg, meat and vegetables.

HT Image
HT Image

The marginal rise in food inflation for the seven day period ended February 12 snaps a fortnight of consecutive decline during the weeks ended January 29 and February 5.

Food inflation stood at 21.82% in the corresponding year ago period.

As per the wholesale price index (WPI) data released on Thursday, prices of eggs, meat and fish rose by 14.79% in the week ended February 12.

Similarly, milk prices rose by about 17%. Vegetable prices rose by 15.89% in the week under review, despite a 9.72% decline in potato prices.

Wheat and pulses prices also dipped by 1.01% and 5.62%, respectively, during the week under review. Cereal and rice prices rose by 2.07% and 1.65%, respectively, during the week ended February 12.

As per the WPI data, inflation in primary articles was 15.77% for the week ended February 12, down from 21.82 % in the year ago period. Inflation in the non-food articles segment stood at 31.58% in the week ended February 12, as against 13.94 % in the same period last year.

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