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Potato, onion prices push up food inflation

NEW DELHI: Food inflation rose to 14.55 per cent in the first week of November, fuelled by higher prices of staple items such as potatoes, onions and pulses. On a weekly basis, inflation rose 0.87 percentage points from 13.68 per cent. On a yearly basis, the potato prices shot up by 102.47 per cent, those of onion by 38.24 per cent and pulses by 27.03 per cent.

Analysts expect the prices to rule high, unless the rabi crops are abundant. “Food inflation is likely to remain high, unless the prospects of rabi are known,” Crisil principal economist D.K. Joshi said. — PTI

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