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Thursday, December 10, 2009

Annual rate of inflation for food articles up at 19.05 pc

Soaring prices of vegetables like potatoes and onions pushed the annual rate of inflation for food articles to 19.05 per cent for the week ended November 28.

Food inflation was 17.47 per cent for the previous week ended November 21.Data released today showed prices of essential commodities like cereals went up by 12.7 per cent, rice by 11.75 per cent, wheat 12.6 per cent and pulses rose by 42 per cent.

At the same time, fruits were expensive by 13 per cent while milk became costly by 11.36 per cent.For the month ended October, the wholesale price inflation stood at 1.34 per cent against 11.06 per cent in the corresponding month a year ago.

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