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India's food inflation, as measured by the wholesale price index, or WPI, for the week ended February 13 dropped due to the lower prices of tea, pulses, fruits and vegetables.
Primary articles
The WPI for the week ended February 13 for this group, with a weightage of 22.02%, fell by 0.45% from the preceding week. The rate of inflation was 0.21% in the preceding week and minus 0.12% in the corresponding week in the preceding year.
Annual rate of inflation for the week ended February 13 for this category rose by 15.84% due the higher prices of pulses, potatoes, vegetables, wheat, as also milk. The rate of inflation was 16.23% in the preceding week and 6.23% in the corresponding week in the preceding year. The 52-week average inflation for the week under review was 9.38%, data show.
Among the sub-groups, index for the 'Food Articles' category declined by 0.45% due to the lower prices of tea, masur, gram, fruits and vegetables, arhar, moong, barley. However, the prices of bajra and urad moved up.
On annual basis, the Food Articles inflation stood at 17.58%, compared to 9.49% for the same week in the preceding year and 17.97% in the previous week. The 52-week average inflation for the week under review was 13.30%
The index for the 'Non-Food Articles' group dropped by 0.51% due to the lower prices of logs and timber, soyabean, rapeseed, mustard seed, as also fodder, whereas those of coil fibre, mesta, raw silk, gingelly seed, castor seed and copra moved up.
On annual basis, the Non-Food Articles inflation stood at 12.78%, compared to 2.30% for the same week in the preceding year and 13.15% in the previous week. The 52-week average inflation for the week under review was 2.12%
Fuel, Power, Light & Lubricants
The index for this major group, with a weightage of 14.23%, for the week under review was unchanged at its previous week's level of 355.5.
The annual rate of inflation for this category was also unchanged at its previous week's level of 9.89%. It was minus 3.98% for the corresponding week in the preceding year, The 52-week average inflation for the week ended February 13 was minus 4.34%.
Opposition parties disrupted proceedings in the Indian Parliament on Tuesday accusing the United Progressive Alliance government of failing to control a surge in prices.
The Economic Survey 2009-10 calls for increase in food production and productivity to the forefront of national strategy.
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