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Food inflation rises to 17.65 percent
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SME Times News Bureau | 22 Apr, 2010
Nation's annual food inflation rose to 17.65 percent for the week ended April 10 from 17.22 percent a week ago as prices of milk, fruits and lentils went up during the period under review, official data showed on Thursday.
Data on the wholesale price index (WPI) released by the commerce and industry ministry showed the index for food articles rose 0.7 percent during the week under review. The index for non-food articles rose 0.5 percent.
Taking into account the year as a whole, the prices of wheat, lentils, fruit, milk, cereals and non-food articles like fibre, oil seeds and fuel were ruling higher than the levels seen last year. However, potato, vegetables and onion became cheaper.
Following are the rise and fall in prices of some essential food items over the 52-week period:
- Pulses: 28.77 percent
- Potato: (-)30.30 percent
- Milk: 22.21 percent
- Wheat: 11.18 percent
- Cereals: 10.06 percent
- Onion: (-)6.63 percent
- Fruits: 18.81 percent
- Rice: 9.33 percent
India's central bank, the Reserve Bank of India (RBI), Tuesday raised key interest rates by 25 basis points in a move to contain inflation.
Driven by the higher food and fuel prices, the WPI rose to 9.9 percent in March, the fastest in the last 17 months.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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84.35
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82.60 |
UK Pound
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106.35
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102.90 |
Euro
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92.50
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89.35 |
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Yen |
55.05 |
53.40 |
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