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Food inflation rises to 16.90%

High food inflation is primarily driving up the overall inflation, which entered double digits (10.16%) in May, according to provisional figures

Annual food inflation rose to 16.90% for the week ended 12th June, as compared to 16.12% in the previous week. Inflation edged higher on the back of an increase in prices of pulses, vegetables and milk, reports PTI.

Prices of pulses for the week were higher by 34.14% over the corresponding week last year, while that of milk rose by 21.12% on an annual basis.

However, prices of potato and onion were down by 36.99% and 22.42% respectively.

On a weekly basis, prices of vegetables rose by 8.06% and that of condiments and spices by 3%. Urad, moong and tea became expensive by 1% each over the previous week.

However, mutton price was down 2%, and sea fish and arhar was cheaper 1% each over the week.

High food inflation is primarily driving up the overall inflation, which entered double digits (10.16%) in May, according to provisional figures.

Also, final figures for March showed that inflation was 11.04% against 9.9% projected earlier.

Prices of edibles had started rising last year and peaked to over 20% in December 2009 after food production was hit by poor monsoon that accounts for 80% of the annual rains the country receives.

Nearly 60% of area under cultivation is rain fed.

The weather office has predicted near normal monsoon this year, although it has been slow to advance since hitting the Indian coast in late May.

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