Food inflation coming down says
Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features
2010 Commonwealth Games ~ 2010 Nobel Prizes ~ Sachin Tendulkar ~ Rajasthan Royals ~ Kings XI Punjab ~ Sushil Kumar ~ Deepika Kumari ~ Somdev Devvarman ~ HR Bhardwaj
Home / India News / 2010 / March 2010 / March 30, 2010
Food inflation coming down, says Cabinet Secretary
RSS / Print / Comments

Reserve Bank of India

Manmohan Singh reviews financial inclusion efforts

RBI raises key rates to tame inflation

Reserve Bank of India raises repo rate by 25 bps, reverse repo by 50 bps

More on Reserve Bank of India

South Asian Association for Regional Cooperation

Bihar CM meets Bhutanese PM in Bodh Gaya

India wants to create peaceful environment with neighbours, says Nirupama Rao

SAARC yet to attain its full potential, says S.M Krishna

More on South Asian Association for Regional Cooperation

Top News

144 Section in Hyderabad ahead of Ayodhya verdict

Security beefed for Durga Puja festival in West Bengal

Palin warns of 'Armageddon', WW III if Iran obtains nuke weapons

Milla Jovovich on her career and family life

Google Inc. working with less known handset makers to target middle clas Indians

Arrest warrant issued against Rio Ferdinand's brother for skipping court date

Mercedes-Benz to come up with safer child seat soon

Blame your mom for your muffin top or thunder thighs

Food inflation coming down, says Cabinet Secretary

Cabinet Secretary KM Chandrasekhar said on Tuesday that food inflation is coming down as prices of sugar, vegetables and pulses are witnessing a steady decline.


New Delhi, Mar 30 : Cabinet Secretary KM Chandrasekhar said on Tuesday that food inflation is coming down as prices of sugar, vegetables and pulses are witnessing a steady decline.

Speaking to reporters on the sidelines of the inauguration ceremony of a two-day SAARC workshop here, Chandrasekhar said:

"Food inflation if you see, sugar prices have come down, pulses prices have come down, wheat and rice prices are stable, vegetable prices have come down. So, food inflation, even if you take the inflation figures, they have been coming down."

"The percentage of inflation means, what is the current inflation as compared to what it was last year. Last year at this point of time, the inflation rates were particularly low. So, when you compare to last year it even came down to -1.5. So, if you compare the current rate with last year, you are comparing it with a very low base. Now once the base changes, you will see that the inflation rates also come down. I think predominantly, it is not the high inflation...price inflation that you are seeing, that is more base inflation is coming down," he added.

India's food inflation rates fell to its lowest level in four months at 16.22 per cent for the week, which ended on March 13, from 16.3 percent the week before.

The annual wholesale price inflation, however, accelerated to 9.89 percent in February, the highest since October 2008 and well above the Reserve Bank of India's end-March projection of 8.5 percent and the 8.56 percent January reading.

ANI

Link to this page

Suggested pages for your additional reading
AndhraNews.net on Facebook






© 2000-2018 AndhraNews.net. All Rights Reserved and are of their respective owners.
Disclaimer, Terms of Service & Privacy Policy | Contact Us