Food inflation falls to four-month low of 9.18 pc

New Delhi: Food inflation fell to a four-month low of 9.18 per cent for the week ended March 26, prompting experts to suggest that record foodgrain production will keep the numbers stable in the coming months.
Food inflation fell from 9.50 per cent in the previous week and 21.15 per cent a year ago. The rate of price rise during the week ended March 26 was the lowest since the week ending November 27, 2010, when it was recorded at 8.69 per cent.
Although good crop production will keep food inflation low, experts fear that spiralling prices of crude oil in the international market could cast a shadow on the overall price situation.
The prices of pulses declined by 5.39 per cent during the reporting week, while other food items like rice, wheat and milk recorded modest increases.