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15
November 2016
India's annual retail inflation eased
last month to 4.20 per cent from 4.39 per cent in September and 5 per cent
reported during the corresponding period last year, official data showed on
Tuesday.
According to CPI (Consumer Price Index)
data released by the Central Statistics Office (CSO), the fall in retail
inflation was mainly due to a drop in the annual food inflation -- from 3.96
per cent in September to 3.32 per cent in October. The Total Investment & Insurance Solutions
The CPI data revealed that the annual
retail inflation for rural India was 4.78 per cent while that for the urban
centres was 3.54 per cent. The Total Investment
& Insurance Solutions
The annual food inflation was 3.86 per
cent in rural areas and 2.33 per cent in the urban conclaves.
The official data further showed that
prices of vegetable plunged by (-)5.74 per cent on a year-on-year (YoY) basis,
whereas cost of pulses was up by 4.11 per cent.
The prices of milk and milk-based
products' surged by 4.42 per cent. Other protein-based food items such as meat
and fish became dearer by 6.16 per cent.
The Total Investment & Insurance Solutions
Besides, eggs became expensive by 9.42
per cent and the cost of spices rose by 7.40 per cent.
Edible oils and fats prices increased by
3.80 per cent while those for sugar and confectionery edged up by 23.62 per
cent on a YoY basis.The Total Investment
& Insurance Solutions
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