Friday, March 18, 2011

Food inflation declines marginally to 9.42 per cent

Food inflation slipped to a three-and-a-half month low in the week to March 5 as onion and milk prices declined, but fuel inflation registered a sharp increase because of a spike in coking coal prices.

Food inflation eased to 9.42% from 9.52% in the previous week, data released on Thursday showed. Inflation in fuel and power rose 3.31 percentage points to 12.79%.
The headline wholesale price inflation for February accelerated to 8.31% from 8.23% in the month before.

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