Food Price Inflation comes down to 16.61 Percent

Posted Star Web Media Thursday, April 29, 2010

Star News Agency
New Delhi. The inflation in food commodity prices in the week ending April 17, 2010 has come down to 16.61% (year on year) so far from 17.65 % in the previous week. The 52 week average inflation in food articles stands at 15.01 % as on April 17, 2010.

As per data released by Commerce and Industry Ministry today, the Wholesale Price Index (WPI) for food articles on April 17, 2010 stood at 292.7 as compared to 293.3 on April 10, 2010. Food articles have 15.4% weightage in the WPI.

Calculated on week-to-week basis, the inflation in food articles in the week ending April 17, 2010 has come down by 0.20% as compared to the previous week. Among the major food commodity groups, the largest decline has been reported in the wholesale prices of onions (-5.4%), fruits (-4.27%) and wheat (-1.44%).

Food price inflation had peaked in December 2009 (20.46% in the week ending December 12) and has shown a declining trend thereafter.

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