ID :
90650
Fri, 11/20/2009 - 08:58
Auther :
Shortlink :
https://www.oananews.org//node/90650
The shortlink copeid
Potatoes and onion prices push food inflation to 14.55 pc
New Delhi, Nov 19 (PTI) Food inflation rose to 14.55 per
cent in the first week of November fuelled by higher prices of
staple items like potatoes, onions and pulses.
On a weekly basis, inflation rose 0.87 percentage
points from 13.68 per cent.
On yearly basis, prices of potatoes shot up by 102.47 per
cent, onions by 38.24 per cent and that of pulses by 27.03 per
cent.
Analysts expect prices to remain at elevated level,
unless rabi crops are abundant.
"Food inflation is likely to remain high, unless
prospects of rabi are known. It is a matter of concern,"
Crisil principal economist D K Joshi said.
However, he said high onion and potato prices may be
seasonal.
There is no item on the list mentioned in the data that
has shown a declining trend on yearly basis.
On weekly basis, though, prices of fruits fell by 1.3 per
cent, while that of jowar and poultry chicken by one per
cent each.
Urad, mutton, moong, condiments and spices, barley,
wheat and bajra rose three per cent each and milk, gram, river
fish and eggs by one per cent each.
Non-food articles inflation also rose to 0.59 per cent
from (-) 0.17 per cent a week ago and rate of price rise in
fuel, power, light and lubricants was higher at (-) 1.51 per
cent compared to (-)1.71 per cent.
On yearly basis, cereal prices rose by 13.16 per cent.
Rice became dearer by 11.65 per cent, wheat by 12.60 per cent
and milk by 11.29 per cent.
Wednesday, Finance Minister Pranab Mukherjee had said the
country has to import rice during the 2009-10 marketing season
(October-September) to meet any shortfall.
"We started rice season that is from October 2009 with
almost six million tonnes of surplus... Still there is a
projection that there is some shortfall of Kharif crops. So to
make it up, we have to make some imports," he had said.
Among non-food articles, raw jute turned costlier by 7
per cent, fodder by 5 per cent and raw cotton by 3 per cent.
However, prices of soyabean and raw rubber declined by
one per cent each.
In the fuel category, aviation turbine rose by 11 per
cent while furnace oil was up one per cent. PTI BSP
MYR
cent in the first week of November fuelled by higher prices of
staple items like potatoes, onions and pulses.
On a weekly basis, inflation rose 0.87 percentage
points from 13.68 per cent.
On yearly basis, prices of potatoes shot up by 102.47 per
cent, onions by 38.24 per cent and that of pulses by 27.03 per
cent.
Analysts expect prices to remain at elevated level,
unless rabi crops are abundant.
"Food inflation is likely to remain high, unless
prospects of rabi are known. It is a matter of concern,"
Crisil principal economist D K Joshi said.
However, he said high onion and potato prices may be
seasonal.
There is no item on the list mentioned in the data that
has shown a declining trend on yearly basis.
On weekly basis, though, prices of fruits fell by 1.3 per
cent, while that of jowar and poultry chicken by one per
cent each.
Urad, mutton, moong, condiments and spices, barley,
wheat and bajra rose three per cent each and milk, gram, river
fish and eggs by one per cent each.
Non-food articles inflation also rose to 0.59 per cent
from (-) 0.17 per cent a week ago and rate of price rise in
fuel, power, light and lubricants was higher at (-) 1.51 per
cent compared to (-)1.71 per cent.
On yearly basis, cereal prices rose by 13.16 per cent.
Rice became dearer by 11.65 per cent, wheat by 12.60 per cent
and milk by 11.29 per cent.
Wednesday, Finance Minister Pranab Mukherjee had said the
country has to import rice during the 2009-10 marketing season
(October-September) to meet any shortfall.
"We started rice season that is from October 2009 with
almost six million tonnes of surplus... Still there is a
projection that there is some shortfall of Kharif crops. So to
make it up, we have to make some imports," he had said.
Among non-food articles, raw jute turned costlier by 7
per cent, fodder by 5 per cent and raw cotton by 3 per cent.
However, prices of soyabean and raw rubber declined by
one per cent each.
In the fuel category, aviation turbine rose by 11 per
cent while furnace oil was up one per cent. PTI BSP
MYR
