Food inflation eases to 12.63 pc; fuel prices up 18 pc

INFLATION

New Delhi, July 8 (PTI) Annual food inflation eased to
12.63 per cent for the week ended June 26, but fuel inflation
shot up to 18.02 per cent after the hike in rates of petroleum
products.
The rate of price rise of food items was 12.92 per cent
in the previous week ended June 19.
Vegetable prices fell by over 4 per cent year-on-year,
led by a massive decline in rates of potato and onion. Potato
became cheaper by over 42 per cent, while onion by 8.75 per
cent on an annual basis.
Fuel inflation for the week under review, however, rose
sharply to 18.02 per cent after the impact of fuel price hike
by the government on June 25. Prices of petrol and diesel
raised by up to Rs 3.50 a litre, while that of LPG and
kerosene were hiked by 35 per cylinder and Rs 3 a litre
respectively.
Fuel inflation for the week ending June 19 stood at 12.90
per cent.
Overall inflation for May was 10.16 per cent, led by high
food prices.
Food inflation had remained above the 16 per cent level
for most part of the year. However, it had fallen sharply for
the week ended June 19 to 12.92 per cent, from 16.90 per cent
in the week ago. PTI PPB
MRD


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