New Delhi: Food inflation dipped for the sixth straight week and dropped to 10.15% for the week ended 13th November from 10.3% in the previous week. The fall has been attributed to cheaper vegetables and pulses, reports PTI.
Price of food items like pulses and vegetables declined during the week on improved availability after the end of the monsoon season.
While the price of pulses fell by 7.58%, vegetables became cheaper by 3.76% on account of a sharp dip in potato prices that reduced by as much as 48.70% during the week.
However, food items like eggs, meat and fish rose by about 23%. In vegetables, onion was expensive by 17.03% on annual basis.
Also, fruits and milk became costlier by 21.85% and 16.90%, respectively, on a year-on-year basis.
The decline in food inflation has raised hopes that overall inflation may decline to around 6% by the end of the year, as predicted by the government.