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  • Food inflation rises marginally to 16.37 pc

    Published on October 16, 2010

    Food inflation rose marginally to 16.37 percent for the week ended 2nd October, on the back of higher prices of cereals, fruits, select vegetables and milk.

    After falling in the previous week, food prices again took a northward trajectory and went up by 13 percentage points.

    Food inflation was 16.24 percent for the week ended 25th September.

    As per the latest figures, food inflation was driven mainly by higher prices of pulses, rice and wheat.

    Besides, vegetables became expensive by 19.84 percent on annual basis, the highest increase in many months.

    Official data released in New Delhi showed that on an annual basis, cereals prices have risen by 5.06 percent.

    Prices of pulses rose by 4.89 percent on a yearly basis.

    Also, wheat and rice became costlier by 6.88 percent and 2.82 percent, respectively.

    Among other food items, milk prices soared by 21.65 percent during the week compared to the same period last year, while fruits became dearer by 12.75 percent.

    Onion prices went up by 0.24 percent year-on-year. However, potato prices continued to fall and showed a decline of 49.36 percent.

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