Arab Today, arab today food inflation in india in negative zone for third consecutive week
Last Updated : GMT 05:55:37
Arab Today, arab today
Arab Today, arab today

Food inflation in India in negative zone for third consecutive week

Arab Today, arab today

Arab Today, arab today Food inflation in India in negative zone for third consecutive week

New Delhi - Arabstoday

Food inflation in India stayed in the negative zone for the third straight week, at (-)0.42 percent for the week ended January 7, mainly due to fall in prices of onion and vegetables. Food inflation, as measured by the Wholesale Price Index (WPI), was at (-) 2.90 percent in the previous week. It was above 16 percent in the corresponding week of 2011. According to the official data released on Thursday, onion prices were lower steeply by 75.42 percent year-on-year during the week under review, while potato prices were down by 23.84 percent. Prices of wheat also fell by 3.57 percent. Overall, vegetables were 45.81 percent cheaper during the week under review than in the same period last year. Other food products, led by protein-based items, became more expensive on an annual basis. Pulses prices were 14.27 percent higher during the week under review, while milk grew dearer by 11.48 percent. Egg, meat and fish prices were up 19.64 percent year-on-year. Fruits also became 10.03 percent more expensive on an annual basis, while cereal prices were up 2.26 percent. Inflation in the overall primary articles category stood at 2.47 percent during the week ended January 7, against 0.51 percent in the previous week. Primary articles have over 20 percent weight in the wholesale price index. Inflation in the non-food segment, which includes fibres and oilseeds, was recorded at 1.84 percent for the week ended January 7 against 1.29 percent in the previous week. Fuel and power inflation stood at 14.45 percent, same as in the previous week. Headline inflation, which also factors in manufactured items, fell to a two-month low of 7.47 percent in December 2011. The RBI has hiked interest rates 13 times since March, 2010, to tame demand and curb inflation. Finance Minister Pranab Mukherjee said last week that the moderation in food prices will help to bring down headline inflation to 6-7 percent by March 2012.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today food inflation in india in negative zone for third consecutive week Arab Today, arab today food inflation in india in negative zone for third consecutive week

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday