E-Paper
Food inflation falls, prices next
After rising for three successive weeks, food inflation eased to 18.65 per cent, raising hopes that prices of essentials would start falling over the next few weeks amid indications of enhanced supplies.
After rising for three successive weeks, food inflation eased to 18.65 per cent, raising hopes that prices of essentials would start falling over the next few weeks amid indications of enhanced supplies.
Latest price data showed that food inflation for the week ended December 10 stood at 18.65 per cent, lower than the 10-year peak of 19.95 per cent recorded the previous week.
There has been a sharp rise in supplies of potato in recent weeks. In November, 2.74 million quintals of potato arrived in India’s wholesale markets, a sharp rise from October’s 2.11 million quintals.
“Arrival of the new potato crop has started, easing price pressure. If the current situation stays, we might see a decline in potato price,” S. Bhonde, additional director of Nasik-based National Horticultural Research and Development Foundation told HT.
Planning Commission deputy chaiperson Montek Singh Ahluwalia had on Wednesday said prices would start easing by January as supplies shore up.
