Expressing happiness on the latest inflation figures released today for the week ending on 5th February, 2011, Union Finance Minister Shri Pranab Mukherjee has said that he is delighted that inflation in food articles has come down sharply in the said week .The inflation in food articles has come down to 11.05% in the week ending on 5th February, 2011 from 13.07% in the previous week (29th January, 2011). Shri Mukherjee said that even more importantly, not only has food article inflation fallen, but actual food prices have fallen very substantially with the index going down to 182.9 from 186.9 in the previous week. Even for non-food articles, the index in the week ending on 5th February, 2011 has declined to 181.3 from 183.5 in the previous week (29th January, 2011), he added.
The Finance Minister Shri Mukherjee said that this should result in overall inflation figures going down, even if not over the next 2 to 3 weeks, but over the next 1 or 2 months.
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(Release ID :69865) |
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Inflation decline in food articles signals easing price pressures and a likely fall in overall inflation over coming months. The fiscal authority reported a sharp reduction in
inflation in food articles for the week ending 5 February 2011, with both food and non-food price indices declining week-on-week, and projected that this fall should contribute to a reduction in overall inflation over the next one to two months.
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