India's food inflation rises to 17.47 per cent

New Delhi, Dec 3: The Indian government on Thursday, Dec 2, said that food inflation rose to 17.47 per cent in the third week of Nov 2009 from 15.58 per cent a week ago.

On a weekly basis, onions turned expensive by over 12 per cent, while it surged by 30.89 per cent on a yearly basis. The fuel index was unchanged.

Rice and wheat prices also rose over 10 per cent on an year-on-year basis. However, the rise in prices of potatoes that have been surging, declined to 94.17 per cent on yearly basis, against over 100 per cent increase a week ago.

C Rangarajan, Chairman of Prime Minister's Economic Advisory Council, said food prices must be controlled as they could lead to manufacturing inflation, which would necessitate monetary action.

OneIndia News