Don’t miss the latest developments in business and finance.

Food inflation up; new index next week

Image
BS Reporter New Delhi
Last Updated : Jan 21 2013 | 12:29 AM IST

Food inflation inched up to 13.3 per cent for the week ended October 24, primarily due to rising prices of potatoes and onions, against 12.85 per cent in the previous week ended October 17.

Meanwhile, the government today introduced a new system for presenting inflation data of only primary articles and fuel products on a weekly basis. The overall inflation figures would now be known in the middle of every month.

The inflation rate for primary articles inched up to 8.94 per cent, mainly due to high food prices. The inflation rate for this category was 8.67 per cent for the previous week, and stood at 11.73 per cent during the corresponding period in 2008.

The new series of cumulative inflation for all commodities, with a revised base of 2004-05, will be out on November 12 and will, henceforth, be released on a monthly basis.

This announcement was made in accordance with an approval by the Cabinet Committee on Economic Affairs two weeks ago to release inflation data on a monthly basis.

Also Read

First Published: Nov 06 2009 | 1:06 AM IST

Next Story