New Delhi, July 9 (ANI): Union Agriculture Minister Sharad Pawar on Friday said the decline in prices of agricultural commodities will bring down food inflation, which is pegged at 12.63 percent at present.
"Prices of most agricultural commodities are coming down. It is great relief to consumers. The trend of food inflation will continue to come down in the coming weeks," said Pawar.
"Food inflation is coming down day by day," he added on the sidelines of a Sugar Conference here today.
Food inflation declined for the second consecutive week for the week ending on June 26.
The economists, however, believe that food inflation would continue to remain in double digits for sometime now, as the impact of fuel price increase would be seen going ahead.
Earlier on June 25, a ministerial panel headed by Finance Minister Pranab Mukherjee, had lifted the pricing controls on petroleum following which the price of petrol went up by Rs 3.50 a litre.
The Government hiked the prices of diesel by Rs.2 a litre, kerosene by Rs.3 a litre and cooking gas by Rs.35 per cylinder. (ANI)