India’s food inflation slips to 12.92%

India’s food inflation slipped to 12.92% in the week ended June 19 as compared to 16.90% in the previous week. Inflation in the Food Articles group stood at 12.57% in the corresponding period last year. The index for 'Food Articles' group rose by 0.3% to 296.3. Inflation in the Primary Articles group too declined in the week under review to 14.75% from 17.6% in the previous week. The annual rate of inflation, calculated on point to point basis, for this group stood at 7.57% during the week ended June 20, 2009. The index for this major group rose by 0.2% to 301.8 from 301.3 for the previous week. Inflation in the Non-Food Articles group inched lower to 18.80%, from 18.86% in the week ended June 12 while the same was at -0.12% in the week ended June 20, 2009. The index for this group declined by 0.1% to 286.3. Inflation in the Fuel & Power group fell to 12.90% in the week ended June 19 from 13.18% in the preceding week. Inflation in this group stood at (-) 12.42% during the corresponding week of the previous year. The index for this major group remained unchanged at its previous week’s level of 370.2.