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Food inflation slips to 7.58% for week ended 9th July

The data comes a day after the government said that pressure from headline inflation would remain till December on account of high international commodity prices

New Delhi: Food inflation fell to a three-week low of 7.58% for the week ended 9th July on the back of cheaper pulse prices and a high base last year, reports PTI.

Food inflation, as measured by the Wholesale Price Index (WPI) stood at 8.31% in the previous week and was as high as 19.52% in the corresponding week of July 2010, suggesting a high base.

As per data released by the government today, prices of pulses went down by 7.67% on a year-on-year basis. However, prices of other food items continued to rise.

The data comes a day after the government said that pressure from headline inflation would remain till December on account of high international commodity prices.

Headline inflation stood at 9.44% in June. It has remained consistently above the 9% mark since December 2010.

During the week ended 9th July, onions became 19.68% more expensive on an annual basis while fruits grew dearer by 15.84%.

The price of milk was up 10.76% and eggs, meat and fish grew almost 8% more expensive.

Cereals and vegetables became dearer by 4.77% and 4.31%, respectively, year-on-year.

Inflation of overall primary articles stood at 11.13% during the week under review, down from 11.58% in the previous week. Primary articles have a share of over 20% in the WPI.

Meanwhile, inflation of non-food articles was at 15.50% for the week ended July 9, compared to 15.20% in the previous week.

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