Monday, June 18, 2018

google plus

Posted at: Sep 12, 2017, 6:52 PM; last updated: Sep 12, 2017, 9:45 PM (IST)

Retail inflation hits 5-month high of 3.36% on costlier veggies

Retail inflation hits 5-month high of 3.36% on costlier veggies
A woman buys vegetable at a market in Ahmedabad on September 12, 2017. Reuters
New Delhi, September 12 
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 today.
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. — PTI 


All readers are invited to post comments responsibly. Any messages with foul language or inciting hatred will be deleted. Comments with all capital letters will also be deleted. Readers are encouraged to flag the comments they feel are inappropriate.
The views expressed in the Comments section are of the individuals writing the post. The Tribune does not endorse or support the views in these posts in any manner.
Share On