Food inflation at 9-week low of 11.05 pc

Written by: Pti
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New Delhi, Feb 17 (PTI) Food inflation fell for thesecond straight week to a nine-week low of 11.05 per cent forthe week ended February 5 as pulses, wheat and potato pricesdeclined.

Food inflation fell by 2.02 percentage points during theweek ended February 5 from 13.07 per cent in the week endedJanuary 29.

On an annual basis, prices of potatoes declined by 13.63per cent, while pulses became 5.88 per cent cheaper and wheat2.54 per cent less expensive, data released by the governmentshowed.

However, on the whole, vegetables became nearly 24 percent costlier during the week ended February 5, pushed upmainly by a 31.33 per cent increase in onion prices.

Furthermore, fruit and milk prices rose by 12.21 per centand 11.66 per cent, respectively, while egg, meat and fishbecame 15.14 per cent dearer on an annual basis.

At 11.05 per cent during the week ended February 5, foodinflation was at its lowest level since December 4, 2010, whenit stood at 9.46 per cent.

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