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India's food inflation rate rises further to 11.75%

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India's food inflation rate rose further to 11.75 per cent for the week ended October 15 from 10.60 per cent for the previous week, an official statement said here today, quoting provisional data.

The inflation rate for fuel and power, however, dipped to 14.70 per cent from 15.17 per cent for the previous week, it said.

According to the data, the prices of vegetables were up by 25 per cent from a year ago, pulses by 9.06 per cent, fruits by 11.96 per cent, milk by 10.85 per cent, eggs, meat and fish by 12.82 per cent, cereals by 4.62 per cent and rice by 4.26 per cent.

However, the prices of wheat were down by 0.95 per cent from a year ago, potatoes by 0.45 per cent and onions by 18.93 per cent.

Overall, the annual rate of inflation for Primary Articles stood at 11.75 per cent for the week ended October 15 as compared to 11.18 per cent for the previous week.

The index for this major group, which has a weight of 20.12 per cent in the Wholesale Price Index (WPI), rose by 0.3 per cent to 204.5 from 203.8 for the previous week, the provisional data showed.

Within this group, the index for Food Articles rose by 0.2 per cent to 200.8 from 200.3 for the previous week due to higher prices of condiments & spices (3%), gram, fish-marine and maize (2% each) and pork (1%). However, the prices of poultry chicken (5%), bajra (2%) and egg, ragi and urad (1% each) declined.

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The index for Non-Food Articles declined by 0.1 per cent to 179.7 from 179.8 for the previous week due to lower prices of flowers (7%), gaur seed (6%), raw jute (3%), castor seed, groundnut seed and niger seed (2% each). However, the prices of gingelly seed (3%), raw silk, fodder, and soyabean (2%each) and raw cotton, raw rubber and copra (1%each) moved up.

The index for Minerals rose by 1.8 per cent to 309.2 from 303.6 for the previous week due to higher prices of steatite (19%), barites (13%) and crude petroleum (6%). However, the prices of zinc concentrate (13%), sillimanite and copper ore (7%each) and manganese ore and iron ore (3% each) declined.

In the case of Fuel & Power, which have a weight of 14.91 per cent in the WPI, the index remained unchanged at its previous week's level of 170.1.

The annual rate of inflation for this major group stood at 14.70 per cent for the week ended October 15 as compared to 15.17 per cent for the previous week.

NNN

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