India's food price inflation declines to single digit at 9.52 per cent news
Food price inflation in the country, which resumed its declining trend during the latter half of February 2011, declined further and stood at 9.52 per cent during the week ended 26 February 2011 from 10.39 per cent in the previous week.
Food price inflation in the country stood at 22.02 per cent during the comparable week of the previous year.
The decline in food price inflation during the week has been due to lower prices of condiments and spices, fruits and vegetables, some pulses and cereals.
Food articles have a weight of 14.34 in the wholesale price index (WPI) of commodities while primary articles have a weight of 20.12, non-food articles a weight of 4.26 and fuel and power group a weight of 14.91.
Build-up of inflation for the `food articles' group so far during the current financial year (beginning 1 April 2010) was also lower at 8.52 per cent against 20.04 per cent in the similar period of the previous year.
The index for the 'food articles' group declined 0.6 per cent to 178.4 (provisional) during the week ended 26 February 2011 from 179.5 (provisional) in the previous week, due to lower prices of condiments and spices (down 7 per cent), fruits and vegetables and masur (down 2 per cent each) and rice, barley, moong, gram and arhar (down 1 per cent each). However, the prices of egg, fish-marine, bajra, fish-inland, poultry chicken and jowar (up 2 per cent each) and maize, milk and tea (up 1 per cent each) moved up.
Inflation rate for the 'non-food articles' group also edged lower to 29.85 per cent during the week ended 26 February 2011 from 30.81 per cent in the previous week. It was 14.71 per cent during the comparable week of the previous year.
Build-up of inflation for the `non-food articles' group so far during the current financial year was 23.04 per cent against 13.34 per cent in the similar period of the previous year.
The index for the 'non-food articles' group declined 0.8 per cent to 185.3 (provisional) from 186.8 (provisional) in the previous week, due to lower prices of flowers (down 19 per cent), raw rubber (down 3 per cent), raw silk (down 2 per cent) and sunflower and raw jute (down 1 per cent each). However, the prices of castor seed (up 6 per cent), niger seed (up 4 per cent), copra and soyabean (up 2 per cent each) and gaur seed, groundnut seed and fodder (up 1 per cent each) moved up.
Inflation rate for the 'fuel and power' group stood lower at 9.48 per cent during the week ended 26 February 2011 against 12.56 per cent during the previous week. It was 12.35 per cent in the comparable week of the previous year.
Build-up of inflation for the `fuel and power' group so far during the current financial year was 8.78 per cent against 13.08 per cent in the similar week of the previous year.
Inflation rate for the `primary articles' group stood at 13.96 per cent during the week ended 26 February 2011 against 14.85 per cent during the previous week. It was 21.68 per cent during the similar week in the previous year.
Build-up of inflation for the primary articles group so far during the financial year (beginning 1 April 2011) was 11.70 per cent against 19.99 per cent during the comparable period of the [previous year.
The index for the primary articles group declined 0.6 per cent to 186.1 (provisional) during the week ended 26 February 2011 from 187.2 (provisional) during the previous week.
domain-b.com : India's food price inflation declines to single digit at 9.52 per cent