Build up inflation rate in the financial year so far was 2 per cent compared to a build up rate of 4.56 per cent in the corresponding period of the previous year. Inflation in food articles as a group rose to 11.08 per cent during the month as against 9.80 per cent in the previous month, mainly driven by exorbitantly high onion prices, the rates of which spiked by over 172 per cent from a year-ago. The annual rate of inflation, based on monthly wholesale price index was at 0.16 per cent in October.
During the month, inflation in vegetables shot up to 35.99 per cent, as against 26.10 per cent in October. Likewise, the prices of cereals and eggs grew at a faster pace of 3.71 per cent.
In February last year, it was 9.54 per cent.
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Food inflation is back in double digits after a gap of a month-and-a-half and stood at 10.60 per cent for the week ending October 8 on the back of costlier vegetables, fruits, milk and protein-based items.
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Food inflation, as measured by the Wholesale Price Index, was on a declining trajectory for the previous three weeks.
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As per the official data released on Monday, inflation in food items was 9.94 per cent in March, as against 6.07 per cent in February.
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Food inflation, as measured by Wholesale Price Index, stood at 9.13 per cent in the previous week.
There was acceleration in prices of fuel and power (11.69 per cent) and manufactured products (2.55 per cent).
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Attributing the latest jump in food inflation mainly to rising prices of protein-based items, Finance Minister Pranab Mukherjee on Thursday said the high inflationary regime was not acceptable and efforts would be made to bring it down.
During the week ended August 13, fruits became dearer by 27.01 per cent and eggs, meat and fish by 13.37 per cent on an annual basis.
The inflation in vegetables remained stubborn, which jumped 16.91 per cent
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It was almost 23 per cent during the second week of June, 2010.
The latest numbers are the highest level of food inflation since the week ended March 26 when it had stood at 9.18 per cent.
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This is the second consecutive week when the rate of price rise of food items has gone up after a period of moderation in February and March.
The surge from the last week, which was incidentally the lowest in a-year-and-half, is likely to put more pressure on the government looking bewildered after the overall inflation for March overshot its forecast of 8 per cent.
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Inflation shot up to 8.43 per cent in December, from 7.48 per cent in the previous month, as prices of certain food and non-food items continued to show an upward trend.
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Food inflation stood at 20.18 per cent in the comparable period last year.
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