Food inflation drops 16.91 pc on Lohri festival

New Delhi, Jan 13: The harvest festival, Lohri brought good news for Indians on Thursday, Jan 13 as food inflation reportedly softened to 16.91 percent for the week ended Jan 1, 2011.

Food inflation fell by 1.41 percent from 18.32 percent as per the records of the previous reporting week.

However, vegetables, onions and protein-based items continued to remained costly.

Following high vegetable prices, and the fuel price index, ndia's food price index rose 16.91 percent. Even as the index of food inflation showed a meager decline, vegetable prices soared by 70.73 percent on an annual basis in the wholesale market.

Onions price touches Rs 80/kg

Prices of pulses declined by 14.84 percent, wheat by 4.87 percent, potatoes by 1.67 percent and cereals by 0.12 percent on an annual basis.

Food inflation has remained high for the entire month of Dec 2010. The rising food prices will get reflected in the monthly inflation data for Dec 2010, scheduled to be announced on Friday, Jan 14.

OneIndia News
(With inputs from PTI)