India's food price index rose 17.40 percent in the 12 months to January 16, rising for the first time after falling for three consecutive weeks, while the fuel index was up 5.70 percent, the government said on Thursday.
The rise in food price index was higher than an annual rise of 16.81 percent in the previous week.
India's annual wholesale inflation rose to 7.31 percent in December 2009, compared with 4.78 percent rise in November and 6.15 percent a year ago.
The last couple of years witnessed prices of several commodities, including sugar, pulses and edible oils, shooting up. In cases such as edible oil, the government
succeeded in bringing prices down or arresting hikes, but for commodities such as pulses, prices just refused to be tamed.
Source EconomicTimes
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