Food inflation stays negative for 4th week

Jan 28 2012, 01:11 IST
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SummaryOnions clocked an annual inflation of -79.01 per cent, down 3.68 percentage points from a week earlier.

Food-price inflation was -1.03 per cent in the week to January 14, down from the previous week’s reading of -0.42 per cent, with vegetables continuing the downward slide even as pulses, milk, eggs, fish and meat turned more expensive.

The Wholesale Price Index-based weekly food inflation data, released by the government on Friday, also showed fruits growing cheaper on a week-on-week basis. Inflation for vegetables was down 1.25 percentage points from the previous week to -47.06 per cent. Onions clocked an annual inflation of -79.01 per cent, down 3.68 percentage points from a week earlier.

Potatoes were 22.46 per cent cheaper in the present week, having been 23.84 per cent cheaper than a year earlier in the previous week. Inflation for pulses remained above double digits at 12.77 per cent despite dropping 1.50 percentage points from the previous week. The figure for milk rose by 0.77 percentage points to 12.25 per cent.

Inflation for eggs, meat and fish increased by 0.69 percentage points to 20.33 per cent.

However, inflation for fruits fell to 5.17 per cent. On a week-on-week basis, average weighted prices fell 1.42 per cent.

Cereals were 2.71 per cent dearer than a year earlier, their inflation having been 2.26 per cent in the previous week.

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