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Food inflation rises to 12.81% for the week ended 3rd July

While prices of vegetables witnessed a decline, pulses, cereals milk and fruits crept higher in the week under review

The annual food inflation inched up to 12.81% cent for the week ended 3rd July, while fuel inflation shot up to 14.27%, reflecting the hike in oil prices, reports PTI.

In the previous week food inflation was at 12.63% and fuel inflation at 18.02%.

While vegetable prices fell by 5.70% year-on year, costlier pulses and cereals kept food inflation higher.

Potato became cheaper by nearly 43%, while onion prices were down 5% on an annual basis. Cereals turned dearer by 6.04% and rice by 6.10%.

Prices of pulses shot up 28.98% and that of milk by 15.91%. Year-on-year fruit prices went up by 15.91%.

The impact of the hike in fuel prices hike by the government on 25th June was seen in the prices of petroleum products, which rose 14.27% annually.

The increase spurred the overall inflation to 10.55% in June.

Prices of petrol and diesel were raised by up to Rs3.50 a litre, while that of liquefied petroleum gas (LPG) and kerosene were hiked by Rs35 per cylinder and Rs3 a litre respectively.

Food inflation had remained above the 16% level for most part of the year. However, it had fallen sharply since mid June to below 13% mainly on lower base a year ago.

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