Inflation In India Has Increased To 12.63%.

India food prices soared, such as fruits, vegetables and milk. In the week ending August 9th, inflation in India has jumped from 12.44 last week to 12.63%.

Prices of tea, soybeans, cotton yarn and cement raised inflation by 0.19%.

The inflation rate was 4.24% in the same week last year.

The Ministry of finance reports that the annual inflation rate of 30 basic commodities in the 19 week of the financial year is between 5.7-6.7%.

During the week, cotton prices rose 8% and polyester prices increased by 7%.

For food, tea increased by 2% and milk increased by 1%.

Legumes and mustard oil also rose by 1%.

The import price of edible oil dropped by 6%, while sunflower oil also dropped by 2%.

In addition, the prices of seafood, eggs and meat also declined significantly.

In the week ending June 14th, the annual inflation rate was revised from 11.42% to 11.80%, mainly affected by the increase in gasoline, diesel and air conditioning prices.