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| Food inflation at 7-week low of 7.6% |
| Press Trust of India / New Delhi Jul 07, 2011, 12:32 IST |
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 Food inflation in the country fell to a seven-week low of 7.61% for the week ended June 25 on the back of cheaper vegetables, pulses and potatoes.
Food inflation, as measured by the Wholesale Price Index (WPI), stood at 7.78% during the previous week. It was almost 20% during the comparable period of June, 2010.
As per data released by the government today, pulses became over 9% cheaper year-on-year during the period under review.
Prices of vegetables also came down by 8.74%, while potatoes became 2.13% cheaper on an annual basis.
However, prices of other food items remained high during the week.
Fruits became 22.75% more expensive, while onions became dearer by 21.24% year-on-year.
Eggs, meat and fish prices were up by 10.12% and cereals by 4.26%. Milk was 12.10% costlier on an annual basis.
The latest numbers on the rate of price rise of food items are the lowest since the week ended May 7, when food inflation stood at 7.47%.
Headline inflation in the country stood at 9.06% in May. Finance Minister Pranab Mukherjee had yesterday cautioned against the "suppressed component" of inflation.
"There is a significant suppressed component of inflation as the increase in international crude oil prices has not been passed on completely despite increase in domestic administered oil prices effected in June, 2010, and June, 2011," he said.
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