Food inflation turns negative to -3.36%

New Delhi: India's food inflation turned negative in the year to December 24, at -3.36 per cent, while fuel inflation accelerated to 14.6 per cent, government data on Thursday showed. In the previous week, annual food and fuel inflation stood at 0.42 per cent and 14.37 per cent, respectively.
The primary articles price index was up 0.10 per cent, compared with an annual rise of 2.70 per cent a week earlier.
India's headline inflation has stayed above 9 per cent for a year, despite 13 rate increases by the central bank since March 2010.
(Financial Express, 5 January, 2011)