Food inflation falls to 12.47 pc

On a yearly basis, potato became cheaper by over 45 per cent and onion by nearly 8 per cent. Overall vegetable prices fell by 9.92 per cent. Prices of pulses, however, were higher by 23.79 per cent during the week under review over the same period last year. On a weekly basis, pulses rates softened by 0.84 per cent.

Wheat prices were higher by 5.81 per cent during the week on yearly basis. Overall inflation for June was 10.55 per cent, led by high food prices. Food inflation has remained above the 16 per cent level for most part of the year, before falling sharply to below 13 per cent since mid-June.