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Snapping the two week rising trend, food inflation fell nearly four percentage points to a seven-week low at 13.07% for the week ended 29th January
New Delhi: Snapping the two week rising trend, food inflation fell nearly four percentage points to a seven-week low at 13.07% for the week ended 29th January as pulses turned cheaper, even as vegetables remain costly, reports PTI.
Food inflation stood at 17.05% in the week ended 22nd January.
On an annual basis, prices of potatoes declined 8.87%, while pulses fell 8.63% and wheat by 3.58% data released by the government showed.
Prices on onion, which had more than doubled in the week ended 22nd January, eased in the subsequent week. However, onions continued to remain dearer by 78.64% for the week ended 29th January.
Vegetables, as a whole, turned costlier by 44.34% on an annual basis. Fruits and milk became costlier by 10.46% and 11.66% on a year on year basis respectively.
The overall inflation for December rose to 8.43%, from 7.48% in the previous month. Figures for January will be released next week.
Meanwhile, the Reserve Bank of India has projected the headline inflation to be at 7% by March end.