Soaring onion prices leave people teary-eyed
Onions literally left consumers teary-eyed as their prices surged. Currently, the onions sell for about Rs 70 to 80 per kg depending on the locality.
Retail inflation declined to 5.07 per cent in January due to easing prices of vegetables, fruits and fuel components, an official data showed on Monday.
Based on Consumer price index (CPI), the inflation was at 5.21 per cent in December — a 17-month high, and 3.17 per cent in January last year.
The data released by the Central Statistics Office (CSO) showed that the rate of price rise for consumer foods eased to 4.7 per cent in January, from 4.96 per cent in December.
Advertisement
Inflation in the vegetable basket slowed to 26.97 per cent as against 29.13 in December. Prices of fruits too rose at a lower pace of 6.24 per cent last month, as against 6.63 per cent recorded in the preceding month.
For the fuel and light segment, inflation was 7.73 per cent last month compared to 7.90 per cent in December.
Price data are collected from selected towns by the Field Operations Division of NSSO and from selected villages by the Department of Posts.
Advertisement
