Food inflation rate reached 9.24 percent due to jump in vegetable prices

15-Oct-2024 08:20 PM

New Delhi. Retail food inflation rate jumped from 5.66 percent in August to a high of 9.24 percent in September as vegetable prices rose sharply and the price of edible oils also started rising.

During this period, the Consumer Food Price Index also rose by 1.17 percent. Food inflation rate was recorded at 6.62 percent in September 2025.

Vegetable prices rose by 10.7 percent in August, but in September it jumped 36 percent to reach the highest level in the last 14 months.

During the month of September, a huge increase was recorded in the prices of potatoes, onions and tomatoes, while the price of green vegetables also remained very high. This trend is still continuing.

The interesting fact is that till August, the inflation rate of edible oils was negative, but in September, with the government increasing the import duty by a huge 20 percent,

its price started rising and its inflation rate came out of the negative zone and came into the positive zone of 2.47 percent. The price of mustard also increased by 6.3 percent.

A slight softening was seen in pulses. Its inflation rate was 11.3 percent in August, which fell to 9.8 percent in September. Better sowing of Kharif crops and increase in the supply of foreign goods affected the market.

It is noteworthy that the inflation rate in pulses was running in double digits since June 2023 and there was a huge increase in the prices of gram, tuvar and urad. Due to the softening of the prices of rice and wheat, the inflation rate in cereals came down overall.