Food inflation dips marginally to 16.24 pc

New Delhi, Oct 7 (PTI) Food inflation in India fell
marginally to 16.24 per cent for the week ended September 25,
on slight easing of supply side pressures, even as prices of
cereals, fruits, select vegetables and milk remained high.
After rising for the fifth straight week, food inflation
declined by 20 percentage points during the week.
The inflation figures were at 16.44 per cent for the week
ended September 18.
The food inflation, which had moderated in July, has
remained high since mid August due to supply disruptions,
caused by heavy monsoon.
As per the latest figures, the inflation was driven
mainly by higher prices of pulses, rice and wheat. Official
data released here showed that on an annual basis, cereals
prices have risen by 5.26 per cent.
While prices of pulses rose by 4.44 per cent on a yearly
basis, wheat and rice became costlier by 6.49 per cent and
3.86 per cent, respectively.
Among other food items, milk prices soared by 24.88 per
cent during the week compared to the same period last year,
while fruit rates rose by 15.65 per cent.
Vegetables also became dearer by 7.65 per cent on annual
basis. Onion prices went up by 9.85 per cent year-on- year,
but potato prices declined by 50.81 per cent. PTI JD
PRI


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