Food prices push up retail inflation to 9.75 per cent in Oct
Retail inflation moved closer to the double digit mark in October,
rising to 9.75 per cent, driven by rising prices of food items such as
sugar, pulses and vegetables.
BT Online Bureau- New Delhi,
- Updated Nov 14, 2012 3:02 PM IST
Retail inflation moved
closer to the double digit mark in October , rising to 9.75 per cent, driven by rising prices of food items such as sugar, pulses and vegetables.
It was
9.73 per cent in the previous month, according to the Consumer Price Index (CPI) data released on Monday.
In urban areas, retail inflation moderated to 9.46 per cent in October, compared to 9.72 per cent in the previous month. However, CPI rose for rural population to 9.98 per cent during the month from 9.79 per cent in the previous month.
FROM THE MAGAZINE: Together, the govt and RBI can bring inflation down: Subbarao"All India provisional General (all groups) CPI numbers of October 2012 for rural, urban and combined are 126.7, 122.6 and 124.9 respectively," said Minister of State for Statistics and Programme Implementation (Independent charge) Srikant Kumar Jena.
The highest rise in prices during the month was recorded by sugar, up 19.61 per cent, year-on-year basis. It was followed by edible oil which turned expensive by 17.92 per cent, while pulses were dearer by 14.89 per cent on the annual basis.
Vegetable rates during month increased 10.74 per cent, while meat and fish and egg rates rose 12.18 per cent. At the same time, clothing and footwear also witnessed an increase in prices at 10.47 per cent on an annual basis.
MUST READ: Fiscal consolidation needed to rein in inflation: Subbarao Concerned over the persistent inflation , the Reserve Bank of India kept its benchmark interest rate unchanged in its recent monetary policy review.
With inputs from PTI Published on: Nov 12, 2012 12:44 PM IST
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