Food Price Index Surges 12.47%

Food Price Index Surges 12.47%For the week ended July 10, the food price index grew by 12.47% as against 12.81% registered in same period of last year.

The index for fuel, power, light and lubricants group remained at their previous week's level of 14.27%, whilst it was minus 10.05% in the same week of 2009.

The twelve-monthly rate of inflation with regard to primary articles stood at 16.48% during the period under review as compared to 16.25% during the previous week and 6.45% during the same week of 2009.

The index for food articles group rose 0.6% on account of higher prices of poultry chicken (6%), condiments and spices (3%) and milk, gram, fish-inland and fruit and vegetables (1% each).

But, the rates of moong (3%) and fish-marine, maize and arhar (1% each) fell down.

The index for non-food articles group dropped marginally due to lower prices of raw cotton (1%).

But, the prices of raw silk and raw rubber (1% each) moved up. (With Inputs from Agencies)