In your interest.
Online Personal Finance Magazine
No beating about the bush.
Rise mainly driven by pulses, which became dearer by 31.55%
Food inflation rose marginally to 16.35% for the week ended 20th March mainly on account of high prices of pulses and milk. Inflation stood at a four-month low of 16.22% for the week ended 13th March, reports PTI.
The rise in food prices was mainly driven by pulses, which became dearer by 31.55%. Milk prices rose by 18.74% on a yearly basis.
On a weekly basis, the index for food articles rose by 0.6% due to higher prices of barley and milk (3% each), moong and condiments and spices (2% each), along with urad and arhar (1% each).
The overall inflation has been relentlessly rising and was at 9.89% in February, up from 8.56% in January. The rise in inflation has been mainly attributed to high food inflation and the recent hike in fuel inflation after the increase in excise and customs duty on petrol and diesel.