New Delhi: India's annual food inflation based on the official wholesale price index jumped to 15.58 percent for the week ended November 14, as prices of potatoes more than doubled, while onion became dearer by 27 percent over the past 52 weeks.
The food inflation had stood at 14.55 percent for the week before.
Weekly data released by the Commerce and Industry Ministry further showed that pulses became costlier by 35.6 percent, wheat by 12.53 percent, rice by 11.89 percent, milk by 11.36 percent and fruits by 10.97 percent over the past year.
At a broader level, the 52-week rise in the index for primary articles amounted to 11.04 percent, while that for fuels was lower by 1.51 percent. This was because petrol became cheaper by 11.86 percent, diesel by 5.88 percent and cooking gas by 7.42 percent.
A closer look at the statistics reveals that the prices of potatoes have actually risen a whopping 131.64 percent since April this year, while the overall prices of vegetables are up 62.42 percent.
The Reserve Bank of India and the government have warned India's annual inflation rate based on wholesale price index for all commodities may rise to 6-6.5 percent by next March, while the Prime Minister's Economic Advisory Council has pegged the rate at 6 percent..
Comments
0 comment