higher inflation in food grains

Inflation might have fallen in the negative zone at -1.21 per cent in the first week of July, but the rate of price rise in essential commodities is still as high as 10.85 per cent, Parliament was informed on Tuesday.
Retail prices of loose tea skyrocketed by 147.74 per cent in July, while its wholesale prices zoomed up by 141.3 per cent, according to data provided by the minister of state for finance, Mr Namo Narain Meena, to the the Rajya Sabha on Tuesday.
Prices of certain edible oils have also climbed significantly during the week. Groundnut oil prices rose by 81.5 per cent on retail counters, while wholesale prices were up by 75.34 per cent, according to the data.
Similarly, retail prices of mustard oil moved up by 72.52 per cent, while its wholesale prices rose by 68.03 per cent.
Rice, wheat, gram, sugar, milk, onion, salt etc have turned dearer over the months, the data showed.
“In the first week of July 2009, inflation in all commodities was -1.21 per cent as against inflation in essential commodities at 10.85 per cent,” Mr Meena said in a written reply.
The minister said that the prices of essential commodities continue to remain high due to lower agriculture production in some crops and increase in the minimum support prices and growth in demand.
The prices of essential commodities have risen steadily from 6.1 per cent in April 2008 to 11.3 per cent in June this year, the minister said.

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