May 8, 2009

Food prices push inflation in India

Wholesale prices rose by 0.13 percent in India with inflation pushed by rising food prices, the Press Trust of India said.

Prices for milk, wheat and spices rose 1 percent in a weekly survey ending April 25. Rising prices for sugar, vegetables and cereal may provide fodder for opposition politicians in the country's elections, the Press Trust said.

In the past 12 months, cereal prices have gone up 11 percent. The prices for pulse "“ a leguminous grain "“ rose 14 percent. Fruit and vegetable prices rose 9.1 percent.

Manufactured food prices climbed even higher. Processed fish prices are up 42 percent from a year ago, Press Trust reported.