India-First-Global-Insights-Analysis -Sharing-PlatformIndia-First-Global-Insights-Analysis -Sharing-Platform

Food inflation turns negative

, January 5, 2012, 0 Comments

New Delhi, January 5, 2011 : Food inflation turned negative for the first time in nearly six years, raising hopes that the RBI might ease back on lending rates soon. The wholesale price index for food articles plunged to -3.36 per cent as on December 24, on the back of a sharp fall in the price of mass consumption vegetables such as onions and potatoes, as well as moderate easing in wheat and some other non-pulses food articles. Looking ahead, further falls in inflation are likely to continue.






About author
Market Bureau comprises of team of highly skilled Professionals who have expertise in Financial & Business Reporting. It also includes freelancers ,consultants and authors from our content partners who brings in valued and critical insights to this section with their rich experience. ...more