New Delhi, July 08: Food inflation fell to 12.63 per cent for the week ended June 26 on cheaper potatoes and onions, but it brought little relief to consumers as fuel inflation shot up to 18.02 per cent, keeping the pressure on overall prices.
Food inflation was at 12.92 per cent and fuel inflation at 12.09 per cent in the previous week.
Describing the rise in fuel inflation as expected, D K Joshi, Chief Economist of Crisil, said, “This will be reflected in the overall inflation figures for July, if not June.”
The overall inflation, which includes food and fuel inflation, was was 10.16 per cent in May.
The government on June 25 raised the prices of petrol and diesel by up to Rs 3.50 a litre, while that of LPG and kerosene were hiked by 35 per cylinder and Rs 3 a litre respectively.
–Agencies