ADVERTISEMENT
India's food inflation declines to -1.03%, in negative zone for 4th week
New Delhi, January 27, 2012
ADVERTISEMENT
India's food inflation declined slightly to -1.03 per cent for the week ended January 14 as compared to -0.42 per cent for the previous week, staying in negative territory for the fourth straight week, as prices of essential items such as wheat, vegetables, potatoes and onions maintaned a downtrend.
The inflation rate for fuel, however, remained unchanged at the previous two weeks' level of 14.45 per cent, an official statement said here today, quoting provisional data.
According to the data, the prices of wheat were down 3.37 per cent from a year ago, vegetables by 47.06 per cent, potatoes by 22.46 per cent and onions by 79.10 per cent.
The prices of pulses were up by 12.77 per cent from a year ago, cereals by 2.71 per cent, rice by 1.58 per cent, fruits by 5.17 per cent, mlk by 12.25 per cent and eggs, meat and fish by 20.33 per cent.
Overall, the annual rate of inflation for Primary Articles, which have a weight of 20.12 per cent in the wholesale price index (WPI), stood at 1.89 per cent as compared to 2.47 per cent for the previous week.
The index for this major group remained unchanged at its previous week's level of 199.1, the provisonal data showed.
Within the group, the index for Food Articles rose by 0.3 per cent to 191.4 from 190.9 for the previous week due to higher prices of bajra (4%), fish-marine and jowar (3% each), ragi and barley (2% each) and wheat, maize and milk (1% each). However, the prices of fruits & vegetables, egg, gram, moong and condiments & spices (1% each) declined.
The index for Non-Food Articles declined by 1.5 per cent to 179.9 from 182.6 for the previous week due to lower prices of flowers (18%), raw cotton (7%), sunflower (3%) and raw rubber, castor seed and copra (1% each). However, the prices of gaur seed (17 %), groundnut seed (3%) and raw jute, coir fibre, linseed, soyabean, rape & mustard seed and mesta (1 % each) moved up.
The index for Minerals group rose by 0.7 per cent to 325.1 from 322.8 for the previous week due to higher prices of zinc concentrate (6%), copper ore (4%), magnesite (2%) and iron ore (1%). However, the prices of dolomite (5%) and barytes (1%) declined.
The index and annual rate of inflation calculated on point to point basis remained unchanged at their previous week’s level of 172.7 and 14.45 per cent, he statement added.
NNN
ADVERTISEMENT
