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Online Personal Finance Magazine
No beating about the bush.
Even though prices of certain items like pulses and vegetables continue to rise, food inflation has eased a bit
Food inflation eased marginally to 16.22% for the week ended 13th March from 16.30% in the preceding week even though prices of certain items such as pulses and vegetables continued to rise, reports PTI.
While moong and pork became dearer by 5% each, urad prices shot up by 4%, vegetables by 2.63% and coffee by 2% during the week.
However, masoor prices slipped 4% and there was a fall of 1% each in the prices for eggs, bajra, maize, condiments and spices.
While food inflation is at a four-month low, overall inflation has been relentlessly rising and was at 9.89% in February, up from 8.56% in January.
The rise in overall 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.