NEW DELHI (Commodity Online) : India’s food inflation rose marginally to 15.57 percent for the week ended January 15 from previous week’s 15.52 percent.
According to official figures from country’s Commerce ministry, The primary articles price index was up 17.26 per cent in the latest week, compared with an annual rise of 17.03 per cent a week earlier.
The uptick in latest food inflation figure is likely to put further pressure on the government grappling with expensive food commodities and a slowing industrial growth that dipped to the 18-month low of 2.7 per cent for November.
During the week under review, vegetable prices soared by 67.07 per cent on an annual basis.
Onions went up by a huge 111.58 per cent year-on-year, thus, showing that government initiatives like export ban were not proving sufficiently effective.
On an annual basis, prices of fruits went up by 16.40 per cent while milk became expensive by 12.44 per cent. Prices of egg, meat and fish went up by 13.58 per cent year-on-year.
Cereal prices, too, went up marginally by 0.53 per cent, with rice going up by 2.79 per cent. However, wheat and pulses became cheaper on annual basis by 5.75 per cent and 14.07 per cent, respectively.
In indication that spike in food commodities was becoming ingrained into the wider economy, in the non-food category, the prices of fibres and minerals were up by 47.23 per cent and 19.52 per cent, respectively.
According to official figures from country’s Commerce ministry, The primary articles price index was up 17.26 per cent in the latest week, compared with an annual rise of 17.03 per cent a week earlier.
The uptick in latest food inflation figure is likely to put further pressure on the government grappling with expensive food commodities and a slowing industrial growth that dipped to the 18-month low of 2.7 per cent for November.
During the week under review, vegetable prices soared by 67.07 per cent on an annual basis.
Onions went up by a huge 111.58 per cent year-on-year, thus, showing that government initiatives like export ban were not proving sufficiently effective.
On an annual basis, prices of fruits went up by 16.40 per cent while milk became expensive by 12.44 per cent. Prices of egg, meat and fish went up by 13.58 per cent year-on-year.
Cereal prices, too, went up marginally by 0.53 per cent, with rice going up by 2.79 per cent. However, wheat and pulses became cheaper on annual basis by 5.75 per cent and 14.07 per cent, respectively.
In indication that spike in food commodities was becoming ingrained into the wider economy, in the non-food category, the prices of fibres and minerals were up by 47.23 per cent and 19.52 per cent, respectively.
No comments:
Post a Comment