Potato, a daily consumable vegetable, witnessed maximum inflationary pressure at 60.58 per cent
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Inflation in food articles during June stood at 2.04 per cent, as against 1.13 per cent in May.
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According to data released by the government, prices of potatoes declined by 12.66 per cent year-on-year, while pulses fell by 5.02 per cent, onions by 3.64 per cent and wheat by 2.06 per cent.
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Price of potato, a daily consumable vegetable, rose 58.78 per cent during the month
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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.
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The region witnessed a bumper potato crop of 9.5 million tonnes -- 73 per cent higher than last year's production. Wholesale prices in Kolkata crashed to Rs 300 a quintal. Retail prices, too, dropped to Rs 6-8 a kg. Farmers were forced to sell their produce at Rs 3-3.50 a kg, almost half of last year's price.
Inflation in food articles during May stood at 1.13 per cent, as against 2.55 per cent in April.
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Vegetable inflation softened to 24.76 per cent in June, down from 33.15 per cent in the previous month. Inflation in potato was (-) 24.27 per cent, against (-) 23.36 per cent in May.
"There are 12,000 farmers doing contract farming of potato for us involving 16,000 acres of land," executive vice president of PepsiCo Holdings (agro-business) Nischint Bhatia told PTI.
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The wholesale price-based food inflation rose for the fourth consecutive week. In the previous week it stood at 17.94 per cent.
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The rate of price rise of food items was 12.92 per cent in the previous week ended June 19.
This is the second week in a row that food inflation has increased, after easing for three successive weeks.
For the week ending January 2, food inflation (prices of non-processed food articles) stood at 17.28 per cent.
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Food inflation softened to 18.22 per cent as of the week ended December 26, although potato and pulses continued to cost high. The wholesale price based inflation was 19.83 per cent in the previous week.
Potato prices remained high recording an increase of 115 per cent on a year-on-year basis, followed by pulses whose prices jumped by 41.61 per cent. Vegetables as a whole turned expensive by 37.97 per cent.
