Food inflation at 10.63%

Food inflation at 10.63%

Food inflation, as measured by the Wholesale Price Index (WPI), declined by 1.18 percentage points in the week under review from 11.81 per cent in the previous week ended October 29.

It stood at 11.41 per cent in the corresponding week of the previous year. “If this trend of food inflation continues, then it is a good sign. At least on the food front, we may expect some relief if this trend continues for some more time,” Mukherjee said.

Onions became cheaper by 22.89 per cent year-on-year, while wheat prices were down 3.63 per cent. Vegetables, grew dearer by 27.26 per cent, pulses by 14.44 per cent, milk by 10.74 per cent and eggs, meat and fish by 11.73 per cent.

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