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Gainers: Siemens’...

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On tax—don't be lax

This is with reference to “Disappointment Looms Large” (Moneylife, 10 February 2011). What you...

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Food inflation up marginally to 11.49% for week ended 12th Feb

The marginal rise in food inflation for the seven-day period ended 12th February snaps a fortnight of consecutive decline during the weeks ended 29th January and 5th February

New Delhi: Food inflation rose marginally to 11.49% for the week ended 12th February from 11.05% in the previous week, driven by rising prices of milk, eggs, meat and vegetables, reports PTI.

The marginal rise in food inflation for the seven-day period ended 12th February snaps a fortnight of consecutive decline during the weeks ended 29th January and 5th February. Food inflation stood at 21.82% in the corresponding year-ago period.

As per wholesale price index (WPI) data released today, prices of eggs, meat and fish rose by 14.79% in the week ended 12th February. Similarly, milk prices rose by about 17%.

Vegetable prices rose by 15.89% in the week under review, despite a 9.72% decline in potato prices.

Wheat and pulses prices also dipped by 1.01% and 5.62%, respectively, during the week under review.

Cereal and rice prices rose by 2.07% and 1.65%, respectively, during the week ended 12th February.

As per the WPI data, inflation in primary articles was 15.77% for the week ended 12th February, down from 21.82% in the year-ago period.

Inflation in the non-food articles segment stood at 31.58% in the week ended 12th February, as against 13.94% in the same period last year.

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