Lower food prices ease India s July retail inflation to 4.17% (Lead)
Monday - August 13, 2018 6:18 pm ,
Category : BUSINESS
New Delhi Aug 13 (IANS) Lower food prices eased India s July retail inflation to 4.17 per cent from a rise of 4.92 per cent in June official data showed on Monday.
However on a year-on-year (YoY) basis the Consumer Price Index (CPI) in July 2018 was higher than the corresponding period of last year when retail inflation stood at 2.36 per cent.
According to the data furnished by the Central Statistics Office (CSO) the Consumer Food Price Index (CFPI) rose 1.37 per cent in July from 2.91 per cent in June 2018.
Product-wise prices of milk-based products eggs meat and fish pushed the retail inflation higher on a YoY basis.
In contrast deflation in the cost of vegetables pulses and sugar capped the overall food prices.
Accordingly the prices of milk-based products rose by 2.96 per cent while cereals became dearer by 2.92 per cent and meat and fish prices recorded a rise of 2.26 per cent.
On the other hand the category of pulses and products became cheaper by (-) 8.91 per cent and that of sugar and confectionery by (-) 5.81 per cent.
The sub-category of food and beverages during the month under consideration recorded a rise of 1.73 per cent over the same period last year.
Among non-food categories the "fuel and light" segment s inflation rate accelerated to 7.96 per cent in July.
--IANS rv-bc/sed
However on a year-on-year (YoY) basis the Consumer Price Index (CPI) in July 2018 was higher than the corresponding period of last year when retail inflation stood at 2.36 per cent.
According to the data furnished by the Central Statistics Office (CSO) the Consumer Food Price Index (CFPI) rose 1.37 per cent in July from 2.91 per cent in June 2018.
Product-wise prices of milk-based products eggs meat and fish pushed the retail inflation higher on a YoY basis.
In contrast deflation in the cost of vegetables pulses and sugar capped the overall food prices.
Accordingly the prices of milk-based products rose by 2.96 per cent while cereals became dearer by 2.92 per cent and meat and fish prices recorded a rise of 2.26 per cent.
On the other hand the category of pulses and products became cheaper by (-) 8.91 per cent and that of sugar and confectionery by (-) 5.81 per cent.
The sub-category of food and beverages during the month under consideration recorded a rise of 1.73 per cent over the same period last year.
Among non-food categories the "fuel and light" segment s inflation rate accelerated to 7.96 per cent in July.
--IANS rv-bc/sed
