As per the data released on 24 November 2011, food inflation dropped to a four-month low of 9% for the week ended 12 November 2011. Food inflation, measured by the Wholesale Price Index (WPI), dropped sharply to 9% from 10.63% in the week ended 5 November. It was 11.38% at the same time in 2010. Week ended 12 November recorded lowest rate of food inflation since the week ended July 23 when it stood at 8.43%. Besides, the latest numbers also mark a climb-down of the food inflation to single-digit after a gap of five weeks.
The drop in food inflation was attributed to drop in prices of vegetables, milk, fruit and meat, eggs and fish. Onions became cheaper by 4.4% during the week while potatoes dropped 4.2%. Fuel inflation remained unchanged at 14.91%.
Inflation in both edible oils and sugar fell in October 2011 compared to September. In case of edible oils, it declined to 13.09 per cent from 13.45 per cent and in case of sugar, it fell to 6.69 per cent from 7.45 per cent in October.
Food price inflation was 9.01 per cent or down from 10.63 per cent for the week ended November 5. Cereal price inflation eased to 2.86 per cent from 3.53 per cent. Rice price growth retreated to 2.75 per cent from 4.03 per cent. Wheat price inflation was negative by 3.09 per cent.
The headline inflation remained at 9.7% largely because of high food and fuel inflation.
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