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Retail inflation inches up to 10.36% in May

PTI 18 Jun 2012, 18:43:59 IST
New Delhi, Jun 18: Retail inflation moved up marginally to 10.36% in May on account of increase in prices of vegetables, edible oils and milk.

Based on the Consumer Price Index (CPI), the inflation for April was revised to 10.26% from the provisional estimate of 10.32%, as per the government data release here today.

Vegetable prices recorded the maximum spurt in prices, up 26.59%, followed by edible oils - 18.21% and milk products - 13.74% in May, year-on-year basis.

Prices of egg, fish and meat shot up 10.50%, while non-alcoholic beverages became costlier 9.44%.

Among other items, prices of cereal and its products saw a rise of 4.79% over the May 2011 level.

While sugar saw a marginal rise of 5.38% in May, 'pulses and products' were up by 7.89%, over the same month last year.

Prices of fuel and light, and clothing, bedding and footwear segments remained in the double-digit.

Inflation rates for rural and urban areas were 9.57% and 11.52% respectively in May.

According to the revised data, the inflation rates for rural and urban areas were 9.67% and 11.10% respectively in April.

The All-India CPI is in addition to the three retail price indices -- for agricultural labourers, rural labourers and industrial workers -- prepared by the Ministry of Labour.

Meanwhile, inflation based on Wholesale Price Index data released last week, also rose to 7.55% in May due to spurt in prices of potato, pulses and wheat.

Potatoes had turned costlier by 68.10% during May on annual basis. Besides, pulses and wheat turned expensive by 16.61% and 6.81% respectively.