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Food inflation turns negative -1.03% on January 27, 2012
Food inflation turns negative -0.42% on January 19, 2012
Food inflation turns negative -2.9% on January 12, 2012
Food inflation turns negative; -3.36% on January 5, 2012
Food inflation turns negative -1.03% on January 27, 2012
New Delhi, January 27, 2012: India's food inflation declined slightly to -1.03 per cent for the week
ended January 14 as compared to -0.42 per cent for the previous week,
staying in negative territory for the fourth straight week, as prices of
essential items such as wheat, vegetables, potatoes and onions maintained
a downtrend.
The inflation rate for fuel, however, remained unchanged at the previous
two weeks' level of 14.45 per cent, an official statement said here
today, quoting provisional data.
According to the data, the prices of wheat were down 3.37 per cent from
a year ago, vegetables by 47.06 per cent, potatoes by 22.46 per cent and
onions by 79.10 %
The prices of pulses were up by 12.77 per cent from a year ago, cereals
by 2.71 per cent, rice by 1.58 per cent, fruits by 5.17 per cent, milk
by
12.25 per cent and eggs, meat and fish by 20.33 per cent.
Overall, the annual rate of inflation for Primary Articles, which have a
weight of 20.12 per cent in the wholesale price index (WPI), stood at
1.89 per cent as compared to 2.47 per cent for the previous week. The index for this major group remained unchanged at its previous week's
level of 199.1, the provisional data showed.
Food inflation turns negative -0.42% on January 19, 2012
New Delhi, January 19,
2012 (PTI): Food inflation remained in the negative zone for the
third straight week, at (-)0.42 per cent for the week ended January
7, mainly due to a fall in the prices of onions and vegetables. Food
inflation, as measured by the Wholesale Price Index (WPI), was at
(-) 2.9 per cent in the previous week. It was above 16 per cent in the corresponding week of 2011.
According to the official data released today, onion prices
plunged sharply by 75.42 per cent year-on-year during the week under review, while potato prices were down 23.84 per cent. Prices of
wheat also fell 3.57 per cent. Overall, vegetables were 45.81 per cent cheaper during the week under review against the same period
last year. Other food products, led by protein-based items, became more expensive on an annual basis.
Pulses prices were 14.27 per cent higher, while milk grew dearer by 11.48 per cent. Egg, meat and fish prices were up 19.64
per cent year-on-year. Fruits also became 10.03 per cent more expensive on an annual basis, while cereal prices were up 2.26 per
cent. Inflation in the overall primary articles category stood at 2.47 per cent during the week ended January 7, against 0.51 per cent
in the previous week. Primary articles have over 20 per cent weight in the wholesale price index. Experts feel that the decline in food
inflation, along with moderation in headline inflation during December 2011, will be a major incentive for the RBI to look at the
option of cuts in key interest rates in the near future. |
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Food inflation turns negative -2.9% on January 12, 2012
NEW DELHI, January 12,
2012: India's wholesale price index for food articles dropped 2.9%
in the week ended December. 31, declining for the second week.
In the previous week, annual food inflation stood at -3.36 percent.
On a week-on-week basis, however, the food articles index rose 0.4%
to 190.8 from 190.0 the previous week, government data showed Thursday.
The primary articles index, which includes food and non-food
articles, increased 0.5% from a year earlier, compared with a 0.1%
rise recorded in the week ended Dec. 24. On a week-on-week basis
too, the primary articles index rose 0.5% to 198.6. Analysts said
the fall in the food price index was mainly due to a high base of
comparison as the year-earlier food inflation was hovering near its
record high at over 20%. The fuel index was unchanged from the previous week at 172.7.
Food inflation turns negative; -3.36% on January 5, 2012
NEW DELHI, January 5, 2011: Food inflation turned negative in the
year to December 24, at -3.36 per cent, while fuel inflation accelerated to
14.6 per cent, government data on Thursday showed. In the previous week, annual food and fuel inflation stood at 0.42 per
cent and 14.37 per cent, respectively.
The primary articles price index was up 0.10 per cent, compared with an
annual rise of 2.70 per cent a week earlier. Headline inflation has stayed above 9 per
cent for a year, despite 13 rate increases by the central bank since March 2010.
"If this trend continues then you will have (fiscal) year-end (headline)
inflation around 6%," Mukherjee told reporters. Food articles have a 14% weight in the wholesale price index (WPI), the
most widely followed measure of inflation in the country.
The moderation in food and fuel inflation should help the stubbornly
high headline inflation-which has stayed above 9% for a year-decline in
December. The annual rate of inflation was 9.11% in November.
The RBI paused its interest rate increases in its December
16 policy review and indicated its willingness to ease monetary policy
if inflation moderates. "This is a very good sign and shows that the decline is consistent,"
said Bank of Baroda chief economist Rupa Rege Nitsure. "However, we'll have to wait and
watch how headline inflation will perform, given the pressures from imported inflation on manufactured goods," she added.
Food inflation started falling from mid November, driven primarily by a
sharp fall in inflation in vegetables. The rate of decline speeded up
early this month, triggered by a sharp seasonal drop in prices and a
strong statistical base effect of high inflation last year. Source: The Economic Times
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