Food inflation declined to a 20 months low of 7.33 per cent for the week ended 16 July 2011. The fall in food inflation by 0.25 percent in comparison to the week ended 9 July 2011. The dip in food inflation was a result of cheaper pulses. For the week ended 9 July 2011 food inflation stood at 7.58 per cent.
During the week ended 16 July 2011, prices of pulses fell by 8 per cent year-on-year. However, prices of other items went up. Onions became more expensive by 22.66 per cent and fruits became 13.90 per cent dearer on an annual basis. Potatoes became 10.55 per cent costlier, while milk was up 9.96 per cent. Vegetable prices were up 7.59 per cent year-on-year.
Overall, primary articles recorded inflation of 10.49 per cent while inflation of non-food articles went up to 16.05 per cent from 15.50 per cent in the previous week.
Fibres also became more expensive by over 28 per cent and oil seeds were up 13.72 per cent. Minerals became dearer by 23.12 per cent year-on-year.
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