Food Inflation during the week ended December 24, 2011 entered into negative terrain on the back of drastic fall in prices of overall vegetables and wheat.
According to the data available from 2004-05, this is the first time that the food inflation slipped into negative zone. During the same period of the last year, the index was stood at 21% and 0.42% in the previous week.
In December 24, the prices of onion were became cheaper by 733.74%, potato prices decreased by 34.01%, wheat prices declined by 3.41%. The overall vegetables prices fallen down by 50.22%.
The prices of pulses were increased by 13.85%, while milk became expensive by 9.49%, eggs, meat and fish prices were increased by 13.82%.
The primary articles index was at 0.1% during the week ended December 24 against 2.7% in the prior week. The non-food articles inflation was stood at 0.85% in December 24, 2011 against 0.28% in the earlier week and fuel and power inflation was at 14.60% versus 14.37%.
The present data is a great incentive for RBI, who had raised Interest rates for 13 since March 2010. The ease in articles price has given clue for the traders that the Central bank may consider to reduce the Interest rates in the upcoming monetary policy review.
Email this page
| ursulaN says, Personal finance is the (10 weeks 4 days ago) |
| cbhattarai says, Budgeting Tips (16 weeks 2 days ago) |
| cbhattarai says, Budgeting Tips (16 weeks 2 days ago) |
| cbhattarai says, reply (16 weeks 2 days ago) |
| veronicaD says, Loans recently provides us (20 weeks 20 hours ago) |
| Ramalingam K says, With proper tax planning you (21 weeks 20 hours ago) |
| Ramalingam K says, With proper tax planning you (21 weeks 20 hours ago) |
| cbhattarai says, Paying tax in advance is (21 weeks 23 hours ago) |