Food inflation declines to 12.63%

Food inflation declines to 12.63%Food inflation has come down to 12.63% for the week ended on 26th of June, but simultaneously, the fuel inflation has risen up to 18.02%. The main reason of such hike is the recent increase in the price of the petroleum product in international level.

The price of food items, especially vegetables, came down by 4% and there was a huge decrease in the price of especially potato and onion.

The rate of potato decreased by over 42% during the period under review and onion rates became cheaper by 8.75% on a yearly basis.

On the contrary, fuel inflation in the country saw a sharp rise to 18.02% as a result of the recent hike in fuel price by the government last month.

Petrol and diesel rates shot up to Rs 3.50 a litre, whereas of LPG and kerosene rates increased by 35 per cylinder and Rs 3 per litre respectively.

The fuel inflation ultimately ended at 12.90% on 19th June. On the other hand, food inflation fell sharply to 12.92% on 19th June, compared to the 16.90% in the previous week.