Food inflation falls to 15.53 pc for the week ended

STAFF WRITER 12:2 HRS IST

New Delhi, Oct 21 (PTI) Food inflation declined to 15.53 per cent for the week ended October 9, on improved supplies and declining prices of certain vegetables, especially, potato.

Food inflation fell by 0.84 percentage points to 15.53 per cent during the week, from 16.37 per cent in the previous week, government data showed.

On an annual basis, potato prices eased by 50 per cent and onions became cheaper by 8.62 per cent. However, other essential items like cereals, milk and fruits continued to remain dearer.

Experts said the impact of adequate monsoon was slowly becoming visible on prices of essential items, as supply side pressure was easing after good harvest.

On an annual basis, cereals prices have risen by 5.88 per cent. While pulses became costlier by 4.44 per cent on a yearly basis, wheat and rice prices increased by 7.01 per cent and 4.72 per cent, respectively.