New Delhi: Food inflation declined sharply to 13.75 per cent for the week ended October 16, on improved kharif supplies and fall in prices of certain vegetables, especially potatoes and onions.
Food inflation fell by 1.78 percentage points to 13.75 per cent during the week, from 15.53 per cent for the week ended October 9, government data showed.
This is the second consecutive week when food inflation has declined.
On annual basis, potato prices eased by 49.69 per cent and onions became cheaper by 6.93 per cent.
Overall, prices of vegetables went down marginally by 0.77 per cent during the week on a year-on-year basis.
However, other essential items like cereals, milk and fruits continued to remain costly.
Experts said the impact of a good monsoon was slowly becoming visible on prices of essential items, as supply side pressure was easing after a good kharif harvest.