Food inflation up 9.9%

The latest data released by the commerce and industry ministry has shown that the wholesale price index for food articles rose an annual 9.90% in the week to July 30, rising from 8.04% in the previous week. Food prices had displayed tentative signs of easing in the previous months but have remained volatile. The data showed onion prices rose an annual 36.62% while the weekly trend showed prices of vegetables, potatoes, fruits, eggs, meat and fish have remained firm. Its worth note that sharp increase in the prices of onion last year had pushed food inflation into double-digits and had emerged as a policy headache for the UPA government.

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