Pulse Cheaper To Reduce Food Inflation To 8.53 Pc

Food inflation fell to 8.53 percent the week ended April 23 down behind the pulse, which in turn increases seen the previous week. Food inflation in the previous week was 8.76 percent.

The latest figures will no doubt be a relief for the government and the RBI, especially at a time when the monetary policy of the central bank for the year, released earlier this week it has been almost exclusively focused on the fight against rising prices. Food inflation stood at 20.91 per cent in the corresponding week last year, reports PTI.

During the week under review, the wholesale price of vegetables decreased by 7.39 percent in a year to year. However, all other products rose in price. The grain became more expensive 4.42 percent during the year, with rice and wheat more expensive to 2.08 percent and 0.06 percent respectively.

vegetable prices were generally at 3.44 percent. Potatoes became more expensive by 0.27 percent on an annual basis and onions increased by 16.09 percent. Fruits and articles based on proteins have followed increasingly expensive.

Fruit became more expensive is 32.69 percent per annum year, while milk has increased to 5.16 percent, and eggs, meat and fish is 5.13 percent. Represented the increase in prices for food have been allocated to 27.84 percent.

Fibre has become more expensive to 85.58 percent year on year, while fuel and energy industries increased by 13.53 percent and 21.81 percent of gasoline. High-rise in the price of food products has been one of the reasons for the inflationary pressures in recent taxation. However, the government had exuded confidence that the food inflation moderating in coming months due to record high harvest of wheat and pulses during the 2010-11 harvest (July to June).

Inflation was 8.98 percent in March and has stayed above 8 percent mark since January, 2010. In its monetary policy report released earlier this week, said inflationary pressures remain a problem RBI in the first year, core inflation (which does not account for rising food prices) because of heat spiral oil and commodity prices on international markets.