Food items stable as oils prices decline

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Friday , May 09, 2008 at 1633 hrs Much to the relief of consumers, who are bearing the brunt of price-rise, retail prices of several food items remained stable in four metros since April while that of edible oils and vanaspati showed a downward trend following government's price control measures.

In the national capital, mustard oil prices declined to Rs 71 a kg on May 7 from Rs 80 on March 31, while vanaspati rates dipped by Rs 7 to Rs 71 a kg. Sugar and groundnut prices too eased by a rupee each and gram rates by Rs 3 during the period under review.

Soya oil prices too have registered a significant decline to Rs 66 from Rs 80 in March-end.

However, rice, wheat and atta prices remained constant at Rs 18, Rs 13 and Rs 14 respectively in Delhi.

The prices of these items remained stable in other three metros also. Mumbai, the financial capital of India, saw downward trend in the prices of mustard oil, vanaspati, tur and potato. While mustard oil prices fell by Rs 5 to Rs 70 a kg, vanaspati rates dipped by Rs 6 to Rs 62 a kg. Tur and potato rates declined by Re 1 and Rs 1.5 and is available at Rs 39 and Rs 8 respectively.

In Chennai, retail prices of tea increased by Rs 10 while that of tur and potato rose by Rs 2 each. As on May 7, tur was selling at Rs 44 per kg while potato at Rs 10 a kg. Groundnut price fell by Rs 8 while vanaspati by Rs 6 in the city.

Retail prices of 14 essential commodities wheat, rice, atta, gram, tur, groundnut oil, mustard oil, vanaspati, sugar, tea, milk, onion, potato and salt, monitored by Ministry of Consumer Affairs, remained unchanged in Kolkata.

The Centre has taken a slew of measures to put a lid on inflation that surged to 7.61 per cent for the week ended April 26.