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LATEST NEWS UPDATES | Food inflation rises to 16.55%

Food inflation rises to 16.55%

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published Published on Jun 3, 2010   modified Modified on Jun 3, 2010


Food inflation rose to 16.55% for the week ended May 22 on account of high prices of pulses, fruits and vegetables.

Inflation increased by 0.32 percentage point from 16.23% in the previous week.

The uptick was mainly due to a 7% increase in fish marine prices, 5% rise in prices of poultry chicken, 2% in prices of barley and masur each and one% increase in prices for fruits and vegetables.

However, coffee turned cheaper by 5% while wheat prices eased by one%.

Among non-food articles, raw rubber prices rose by 5% and raw silk and castor seed by 4% each.

On an annual basis, prices of pulses rose by 30.84%, milk by 21.12% and fruits by 13.74%.

The overall inflation for April stood at 9.59%, moderating slightly from 9.90% in March, according to the provisional data.


The Times of India, 3 June, 2010, http://timesofindia.indiatimes.com/Biz/India-Business/Food-inflation-rises-to-1655/articleshow/6006634.cms


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