Indian Economy: Growth -3

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Food inflation up at 17.4 per cent



New Delhi: The annual food inflation based on wholesale prices rose to 17.4 per cent for the week ended January 16 from 16.81 per cent the week before, according to official statistics released on Thursday. Essential items continued to rule firm, with potatoes dearer by 57.56 per cent over the past 52 weeks, pulses up 46.87 per cent, and vegetables costlier by 10.5 per cent. The limited data on the wholesale index released by the Commerce and Industry Ministry further showed that while the index for primary articles rose 14.66 per cent, that for fuels fell 5.28 per cent.

This is too much.