Food Inflation rises to 15.5%

praveen (Chartered Accountant) (6971 Points)

26 November 2009  

 

FoodFood inflation rose to 15.58 per cent for the second week of November from 14.55 per cent in the previous week as potatoes and pulses turned costlier.

On an annual basis, potato prices more than doubled, pulses became expensive by over 35 per cent, while onions rose by 27 per cent.

Price rise was significant on weekly basis with urad and poultry chicken rising by 15 per cent each, eggs by 8 per cent, moong by 6 per cent, arhar by 5 per cent and fruits & vegetables by 3 per cent.

Among the non-food articles, raw silk turned expensive by 3 per cent, while fodder and groundnut seed by 2 per cent each. Fuel index though remained unchanged at the previous week's level