Business Economy 12 Sep 2017 Retail inflation hit ...

Retail inflation hits 5-mth high of 3.36 per cent on costlier veggies

PTI
Published Sep 12, 2017, 6:36 pm IST
Updated Sep 12, 2017, 6:43 pm IST
August inflation number is highest since March 2017, when it was recorded at 3.89 per cent.
Prices ofd food, vegetable had risen thus driving up the retail inflation.
 Prices ofd food, vegetable had risen thus driving up the retail inflation.

New Delhi: Retail inflation rose to a five-month high of 3.36 per cent in August due to costlier vegetables and fruits. The consumer price index (CPI) based inflation stood at 2.36 per cent in the previous month.

The August inflation number is the highest since March 2017, when it was recorded at 3.89 per cent. Overall food inflation in August also moved up, reversing the deflationary trend, to 1.52 per cent, government data showed on Tuesday.

 

Daily consumables like fruits and vegetables turned costlier during the month with inflation print coming at 5.29 per cent and 6.16 per cent, respectively as against 2.83 per cent and (-)3.57 per cent in July, according to the data released by the Central Statistics Office (CSO).

Likewise, prepared meals, snacks and sweets as a category turned dearer with the rate of price rise at 1.96 per cent from 0.43 per cent in July. Also, transport and communication means were costlier during the month with inflation rising to 3.71 per cent from 1.76 per cent in July.

 

However, items such as cereals and products, meat and fish, oils and fats became cheaper at inflation prints at 3.87 per cent, 2.94 per cent and 1.03 per cent, respectively.

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Location: India, Delhi, New Delhi




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