Retail inflation inches up to 10.36% in May

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
retail inflation inches up to 10.36 in may -...
PTI June 18, 2012 18:43 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.
 
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