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Food inflation rises to 11.49%

New Delhi: Food price index rose 11.49 percent and the fuel price index climbed 12.14 percent in the year to Feb. 12, government data on Thursday showed.

In the previous week, annual food and fuel inflation stood at 11.05 percent and 11.92 percent.

The primary articles price index was up 15.77 percent in the latest week, compared with an annual rise of 14.59 percent a week earlier.

The wholesale price index , the most widely watched gauge of prices in India, rose 8.23 percent in January from a year earlier, compared with 8.43 percent in December.

“Major contributors include fruits, milk, eggs-meat-fish, condiments-spices, raw cotton, fuel and power, textiles and basic metals, alloys and metal products,” the CMIE said.

The think-tank foresees inflation coming down to 8.1 percent in the fourth quarter of the current fiscal from 10.6 percent in the first quarter and 9.3 percent in the second quarter.

In the third quarter ending December, 2010, it was 8.3 percent.

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