ID :
210245
Thu, 09/29/2011 - 13:01
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https://www.oananews.org//node/210245
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Food inflation inches up to 9.13% for week ended September 17
New Delhi, Sep 29 (PTI) Food inflation in India jumped
to 9.13 per cent for the week ended September 17 from 8.84 per
cent in the previous week, mainly due to a rise in prices of
potatoes, pulses and poultry.
Finance Minister Pranab Mukherjee termed the rise in
food inflation as an area of "grave concern".
While prices of onions eased marginally during the week,
gram, masoor, arhar, urad and poultry rates firmed up on an
annual basis, as per Wholesale Price Index (WPI) data released
by the government Thursday.
Potato prices, too, firmed up by about 15 per cent on an
annual basis.
However, as a whole, inflation in the fruit and
vegetable segments eased during the week under review
vis-a-vis the same period last year.
In the week ended September 10, food inflation had
declined to 8.84 per cent from 9.47 per cent in the previous
week.
"These fluctuations are taking place and it is one of
the areas of grave concern," Mukherjee told reporters, adding,
"(Food inflation)... is perilously close to double digits."
As per the WPI data, inflation in cereals, milk, eggs,
meat and fish also eased to 13.17 per cent during the week
under review.
Overall, inflation in primary articles stood at 11.43
per cent for the week ending September 17, compared to 12.17
per cent in the previous week. Primary articles constitute
over 20 per cent of the WPI basket.
Non-food articles, which include fibres, oil seeds and
minerals, recorded 12.89 per cent inflation during the week
ended September 17, down from 17.42 per cent in the previous
week.
Meanwhile, inflation in the fuel and power segment went
up to 14.69 per cent during the week ended September 17 from
13.96 per cent in the previous seven-day period.
Headline inflation, which factors in manufactured items,
fuels and non-food primary items, in addition to food
commodities, stood at a 13-month high of 9.78 per cent in
August.
The Reserve Bank has already hiked policy rates 12 times
since March, 2010, to tame demand and curb inflation.
to 9.13 per cent for the week ended September 17 from 8.84 per
cent in the previous week, mainly due to a rise in prices of
potatoes, pulses and poultry.
Finance Minister Pranab Mukherjee termed the rise in
food inflation as an area of "grave concern".
While prices of onions eased marginally during the week,
gram, masoor, arhar, urad and poultry rates firmed up on an
annual basis, as per Wholesale Price Index (WPI) data released
by the government Thursday.
Potato prices, too, firmed up by about 15 per cent on an
annual basis.
However, as a whole, inflation in the fruit and
vegetable segments eased during the week under review
vis-a-vis the same period last year.
In the week ended September 10, food inflation had
declined to 8.84 per cent from 9.47 per cent in the previous
week.
"These fluctuations are taking place and it is one of
the areas of grave concern," Mukherjee told reporters, adding,
"(Food inflation)... is perilously close to double digits."
As per the WPI data, inflation in cereals, milk, eggs,
meat and fish also eased to 13.17 per cent during the week
under review.
Overall, inflation in primary articles stood at 11.43
per cent for the week ending September 17, compared to 12.17
per cent in the previous week. Primary articles constitute
over 20 per cent of the WPI basket.
Non-food articles, which include fibres, oil seeds and
minerals, recorded 12.89 per cent inflation during the week
ended September 17, down from 17.42 per cent in the previous
week.
Meanwhile, inflation in the fuel and power segment went
up to 14.69 per cent during the week ended September 17 from
13.96 per cent in the previous seven-day period.
Headline inflation, which factors in manufactured items,
fuels and non-food primary items, in addition to food
commodities, stood at a 13-month high of 9.78 per cent in
August.
The Reserve Bank has already hiked policy rates 12 times
since March, 2010, to tame demand and curb inflation.
