Wholesale Price Index (WPI) Released Data on Food Inflation
The index of food articles group declined by 0.3 per cent as per the data released by Wholesale Price Index (WPI).
According to the Wholesale Price Index (WPI) data released on 24 February 2011 the index of food articles group declined by 0.3 per cent due to lower prices of fruits and vegetables which fell by 5 per cent. Fish-marine and condiments and spices price fell by 2 per cent each whereas the prices of bajra, moong and maize dropped by 1 per cent. The food inflation had dropped to 11.05 per cent in the first week of February 2011 from 13.07 in the previous week which has also seen a decline from the numbers for week ended 22 January 2011.
However the food inflation moved up to 11.49 per cent for the week ended 12 February 2011 as compared with 11.05 per cent for the previous week. The index for non-food articles’ group rose by 3.2 per cent due to higher prices of raw cotton, castor seed, copra, gaur seed among others. Also the index for fuel and power group rose by 0.2 per cent due to higher prices of furnace oil and naphtha.