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India’s retail inflation up 3.05% in May

India's retail inflation up 3.05% in May

New Delhi, June 12 (IANS) Higher food prices accelerated India's May retail inflation to 3.05 per cent from 2.99 per cent in April, official data showed on Wednesday.

However, on a year-on-year (YoY) basis, the Consumer Price Index (CPI) in May 2019 was lower than the corresponding period of last year when retail inflation stood at 4.87 per cent.

According to data furnished by the National Statistical Office (NSO), the Consumer Food Price Index (CFPI) inflated to 1.83 per cent during the month under review from an expansion of 1.10 per cent in April 2019.

 

Product-wise, prices of vegetables, eggs, meat and fish pushed the retail inflation higher on a YoY basis. In contrast, decline in prices of 'cereals and products' and 'milk and products' sugar capped the overall food inflation.

Accordingly, the prices of vegetables increased 5.46 per cent, meat and fish by 8.12 per cent, eggs by 1.80 per cent and pulses & its products by 2.13 per cent.

On the other hand, prices of milk-based products 0.35 per cent, cereals & its products 1.24 per cent and sugar and confectionery 0.27 per cent.

The sub-category of food and beverages recorded a 2.03 per cent rise in last month over April 2018. Among the non-food categories, the fuel and light segment's inflation increased to 2.48 per cent in April.

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India's retail inflation up 3.05% in May

About Gopi Adusumilli

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at gopi@socialnews.xyz

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