Retail inflation rises to 10.32% in April
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Retail inflation rises to 10.32% in April

Last Updated: Friday, May 18, 2012, 12:17
 
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Retail inflation rises to 10.32% in April
New Delhi: Retail inflation shot up to the double digit mark at 10.32 percent in April on account of substantial increase in vegetable, edible oils and milk prices.

Based on the Consumer Price Index (CPI), the inflation for March was revised to 9.38 percent from the provisional estimate of 9.47 percent, as per the government data release here on Friday.

Vegetable prices recorded the maximum spurt in prices, up 24.55 percent, followed by edible oils - 17.63 percent and milk products - 14.94 percent in April, year-on-year basis.

Prices of egg, fish and meat shot up 9.95 percent, while non-alcoholic beverages became costlier 9.52 percent.

Among other items, prices of cereal and its products saw a rise of 3.94 percent over the April 2011 level.

While sugar saw a marginal rise of 4.32 per cent in April, 'pulses and products' were up by 6.03 percent, over the same month last year.

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

Inflation rates for rural and urban areas were 9.86 percent and 11.10 percent respectively in April.

According to the revised data, the inflation rates for rural and urban areas were 8.70 percent and 10.30 percent respectively in March.

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 also rose to 7.32 percent in April on account of steep spurt in vegetables as they turned costlier by 60.97 percent during April as per the WPI data released earlier this week.

PTI



First Published: Friday, May 18, 2012, 12:11


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