Posted 12/16/2023, 2:26:29 AM
Inflation Soars to 43% as Food Prices Rise, But Some Relief Seen in Falling Onion Costs
- Annual short-term inflation surged to 43.16% in the week ending Dec 14th, driven by rising food prices
- Prices of gas, electricity, wheat, rice, pulses, sugar up significantly compared to a year ago
- Onion prices dropped 25% while some oils and bananas fell slightly
- Weekly Sensitive Price Index rose marginally to 311.58
- Sugar, pulses, eggs, rice and some fabrics saw the highest week-on-week price increases