India food inflation dips to 10.05 percent
NEW DELHI (Commodity Online) : India's food inflation eased further but remained in double digit for the third week in a row.
According to official figures from country's commerce ministry, the food inflation based on wholesale price index eased to 10.05 percent for the week ended August 14, compared with previous week's 10.35 percent.
The annual rate of inflation, calculated on point to point basis, stood at 14.75 percent (Provisional) for the previous week, as compared to 14.85 percent (Provisional) for the previous week and 7.74 percent during the corresponding week of the previous year.
The primary articles index rose at a slower rate at 14.75 per cent, compared to the previous week's increase of 14.85 percent.
The overall inflation, which also factors in the rate of change in prices of manufactured goods, fell to single digit after a gap of five months to 9.97 per cent.