Published on Thu, Dec 03, 2009 at 14:19 | Source : Moneycontrol.com
Updated at Thu, Dec 03, 2009 at 16:18
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Food price inflation surges to 17.47%
Food price inflation rose to 17.47% from 15.58% a week ago. As a result of the weak monsoon, a steep price rise was seen in commodities such as potatoes and onions that were up 94.17% and 30.89% respectively as compared to the previous year.
Food price inflation rose to 17.47% from 15.58% a week ago. As a result of the weak monsoon, a steep price rise was seen in commodities such as potatoes and onions that were up 94.17% and 30.89% respectively as compared to the previous year. Pulses to were up 37.83%, while the cost of vegetables were up 20.4% from last year.
The annual rate of inflation for the week-ended November 21, 2009 rose 12.53% as compared to 11.04% for the previous week (ended 14/11/2009) and 11.98% during the corresponding week of the previous year.
India's annual wholesale inflation rose 1.34 percent in October from a year earlier, compared with 0.5 percent in September and 11.06 percent a year ago.
