India’s food inflation falls 11.81%

India’s food inflation falls 11.81%After rising for four weeks consecutively, the food inflation in India fell for the first time to 11.81 per cent in the end of October, according to the latest data released by the government.

The prices of vegetables grew by 26.05 per cent, pulses by 13.27 per cent, potatoes by 0.53 per cent, fruits by 11.70 per cent, milk by 11.79 per cent, rice by 4.27 per cent, cereals by 4.07 per cent and eggs, meat and fish by 12.74 per cent.

The food inflation, which his based on the Wholesale Price Index, was recorded at 11.81 per cent in the week ended October 29 compared to 12.21 per cent. The non-food inflation also fell slightly but the inflation for fuel has remained the same at 14.50 per cent.

The primary articles price index increased 11.43 per cent against the annual rise of 12.08 per cent recorded earlier. The country has seen high inflation in the while of last year and the central bank, the Reserve Bank of India has increased its key benchmark rates 13 times since March 2919 in order to control inflation.