In one of the sharpest declines in the recent weeks, food inflation declined to a seven-week low of 13.07 per cent in end-January, as prices of potatoes and pulses eased, even as consumers continued to feel the pinch of high rates of vegetables.
Food inflation, which ended the three-week rising trend, fell by nearly four percentage points from 17.05 per cent in the week ended January 22. It was 22.08 per cent a year-ago.
The inflation is likely to maintain the declining trend in the next few weeks in view of reports of bumper crop.
