Food price inflation rises to 17.87 percent

New Delhi, March 4 (IANS) India’s annual food price inflation based on wholesale prices rose slightly to 17.87 percent for the week ended Feb 20 from 17.58 the week before, as per official data released Thursday.

The government’s decision to hike auto fuel prices has resulted in fears that food prices could rise further in the coming months.

Both houses of parliament had Wednesday witnessed stormy scenes as opposition members demanded a rollback of the fuel price hikes, saying they would have a cascading effect on the already high prices of essential commodities.

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