Food inflation rises to 16.55%

Food inflation rose to 16.55% for the week ended May 22 on account of high prices of pulses, fruits and vegetables.

Inflation increased by 0.32% point from 16.23 % in the previous week.

    
The uptick was mainly due to a 7% increase in fish marine prices, 5% rise in prices of poultry chicken, 2%  in prices of barley and masur each and 1% increase in prices for fruits and vegetables.

    
However, coffee turned cheaper by 5% while wheat prices eased by 1%.

    
Among non-food articles, raw rubber prices rose by 5% and raw silk and castor seed by 4% each.

    
On an annual basis, prices of pulses rose by 30.84%, milk by 21.12% and fruits by 13.74%.

    
The overall inflation for April stood at 9.59%, moderating slightly from 9.90% in March, according to the provisional data.