• Food prices fell for the second consecutive week as food inflation remained in the negative zone at (-)2.90 percent for the week ended December 31, 2011.
  • Food inflation, as measured by the Wholesale Price Index (WPI), stood at (-)3.36 percent in the first week of January. It was above 19 percent in the corresponding week of 2010. 
  • According to data released, onions became cheaper by 74.77 percent year-on-year during the week under review, while potato prices were down by 31.97 percent. Prices of wheat also fell by 3.35 
  • percent.Overall, vegetables became 49.03 percent cheaper during the week ended December 31.
  • Headline inflation, which also factors in manufactured items, has been above the 9 percent-mark since December, 2010. It stood at 9.11 percent in November, 2011.
  • In its second quarterly review of the monetary policy last month, the central bank had said it expects inflation to remain elevated till December on account of the demand-supply mismatch before moderating to 7 percent by March, 2012.