Food Inflation Remains At 7-Week Low

Food inflationFor the week ended January 29, food inflation declined to a seven week low of 13.07% as the rates of pulses came down, even as veggies remain pricey.

Snatching up the two week growing tendency, food inflation dropped around 4 percentage points during the week as compared to 17.05% during the week ended January 22.

On a yearly basis, rates of potatoes fell 8.87%, whereas pulses declined 8.63% and wheat become cheaper by 3.58%, govt data showed.

Prices on onion, which had more than doubled in the week ended January 22, eased in the subsequent week. However, onions continued to remain dearer by 78.64% for the week ended January 29.

Vegetables as a whole have turned costlier by 44.34% on an annual basis.

Fruits and milk became costlier by 10.46% and 11.66% on a year on year basis respectively.