Tag Archives: inflation worries

Food Inflation at 17.05 Percent

Inflation data came out yesterday and the India’s wholesale price index (WPI)-based inflation climbed to 17.05% for the week-ended January 22 — up from the previous week’s 15.57% —This is due to price increase in essential commodities. Finance minister Pranab Mukherjee termed the rise in food prices as a matter of “grave concern.”

Crude oil prices have inched up to a 28-week high amid mounting political tension in Egypt is impacting global crude oil prices. Oil firms see this as “a worrying trend” that could lead to another petrol price hike.Vegetables as a whole became dearer by 77.05% on an annual basis followed by fruits (15.47%), egg, meat and fish (15.05%) and milk (11.41%).