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Higher food prices push inflation to 9.73 percent
Monday November 14, 2011 03:03:50 PM,
IANS
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New Delhi: A rise in
prices of food articles, notably lentils, rice, milk, condiments,
fruits and vegetables marginally pushed India's annual rate of
inflation to 9.73 percent for October from 9.72 percent in the
previous month.
According to latest data on the wholesale price index released by
the commerce ministry, the rise was spread across commodity
groups. Primary articles registered an inflation rate of 11.4
percent, fuels were up 14.79 percent and factory goods 7.66
percent.
The high inflation rate has been a cause for concern both for the
Reserve Bank of India and the government, with Prime Minister
Manmohan Singh terming it a "worrisome" problem. "I do not deny it
particularly with regard to food prices," he said last week.
"Foodgrain prices are stable. But the prices of vegetables and
that of tertiary goods are going up. The demand is growing on a
much faster rate on the supply curve. "One reason why inflation
has become a problem is due to the prices of fuel products," the
prime minister said.
Following is the inflation rate for key commodities for October,
as per latest data:
* Food Articles 11.06
* Cereals 4.56
* Rice 4.56
* Wheat (-)0.95
* Pulses 9.63
* Vegetables 21.76
* Potato 1.30
* Onion (-)16.16
* Fruits 11.96
* Milk 11.12
* Eggs, Meat and Fish 12.59
* Non-Food Articles 17.71
* Fuel and Power 14.79
* Liquefied petroleum gas 14.27
* Petrol 27.90
* High speed diesel 9.32
* Manufactyured Products 7.66
* Food Products 7.80
* Sugar 6.69
* Edible Oils 13.09
* Beverages, Tobacco and Tobacco Products 12.53
* Cotton Textiles 10.80
* Man-made Textiles 7.17
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