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Friday 23 September 2011

Food inflation fell to 8.84% in the week ended September 10 from 9.47%

Food inflation fell to 8.84% in the week ended September 10 from 9.47% in the previous week.As per Wholesale Price Index data released by the government today.Prices of most commodities, barring wheat, continued to remain firm on an annual basis.
Wheat prices during the week were down 2.72% YoY
Onions became more expensive by 29% and potatoes 13.78%. Overall Vegetables became 12.13% dearer.
Milk prices were up by 10.38%, while fruits grew dearer by 17.67% and eggs, meat and fish prices rose by 9.28% YoY
Prices of cereals also went up, by 4.13%. Even the prices of pulses, which had exhibited a declining trend during recent months, rose by 1.49% during the week ended September 10.
Non-food articles, which include fibres, oil seeds and minerals, recorded 17.42% inflation during the week ended September 10, up from 18.49% in the previous week, ended September 3.
Meanwhile, inflation in the fuel and power segment went up to 13.96% during the week ended September 10 from 13.01% in the previous seven-day period.

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