Food inflation falls to 9.55% for the week ended August 27th
Food inflation was back to single digit at 9.55 per cent for the week ended August 27 after rising to double digits in the previous week, but the rate of price hike in food items has been above nine per cent for the fifth week in a row. Non-food items like minerals saw a rise in inflation, prompting finance minister Pranab Mukherjee to call it a discouraging trend.
He also said food prices will remain volatile in festival season and would moderate after the period comes to an end, but non-food inflation is a worry. Food inflation basically fell because the rate of price rise in onions fell from 57.01 per cent in the previous week to 42.03 per cent for the week under review.
src-BS
Food inflation was back to single digit at 9.55 per cent for the week ended August 27 after rising to double digits in the previous week, but the rate of price hike in food items has been above nine per cent for the fifth week in a row. Non-food items like minerals saw a rise in inflation, prompting finance minister Pranab Mukherjee to call it a discouraging trend.
He also said food prices will remain volatile in festival season and would moderate after the period comes to an end, but non-food inflation is a worry. Food inflation basically fell because the rate of price rise in onions fell from 57.01 per cent in the previous week to 42.03 per cent for the week under review.
src-BS
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