India

Food Inflation in India Decreases to 10.39 Percent

BeyondHeadlines News Desk

New Delhi: Food inflation in India declined by more than one percentage point to 10.39 percent for the week ended February 19, led by a decline in prices of onions, potatoes and pulses. However, prices of fruit, milk and vegetables as a group continued to remain high.

Food inflation stood at 11.49 percent in the previous reporting week and 21.62 percent in the corresponding period a year ago.
According to data released by the government, prices of potatoes declined by 12.66 percent year-on-year, while pulses fell by 5.02 percent, onions by 3.64 percent and wheat by 2.06 percent.

The items that became dearer during the week ended February 19 vis-a-vis the corresponding year-ago period were fruits (up 16.34 per cent), egg, meat and fish (14.5 percent), vegetables (14.29 percent) and milk (11.07 percent).

The declining prices of certain food items will have a favourable impact on headline inflation in February. General inflation stood at 8.23 percent in January, much above the comfort level of 5-6 percent.

Loading...

Most Popular

To Top

Enable BeyondHeadlines to raise the voice of marginalized

 

Donate now to support more ground reports and real journalism.

Donate Now

Subscribe to email alerts from BeyondHeadlines to recieve regular updates

[jetpack_subscription_form]