India inflation declines

Food inflation in India declined further in the middle of this month even as prices of fuels remained steady, data released by the Government showed. Inflation in the Food Articles group stood at 10.05% in the week ended August 14 versus 10.35% in the previous week, the Commerce & Industry Ministry said. It was at 13.45% in the comparable week last year. The index for Food Articles group declined by 0.2% to 297.9 in the week ended August 14. Inflation in the Primary Articles group stood at 14.75% in the week under review as against 14.85% in the week ended August 7. It stood at 7.74% during the week ended Aug. 15, 2009. The index for the Primary Articles group rose by 0.1% to 308.1 in the week under review. Inflation in the Fuel & Power group was unchanged at 12.57%. It was at (-)8.90% during the corresponding week of the previous year. The index for the Fuel & Power group remained unchanged at their previous week’s level of 385.9. But, inflation in the Non-food Articles group rose to 22.20% from 21.70% in the preceding week. It was at (-)2.7% in the year-ago period. The index for Non-Food Articles group rose by 1% to 290.6.