Retail inflation rises to 5% in Oct on dearer food items


PTI

Write Comment     |     E-Mail To a Friend     |     Facebook     |     Twitter     |     Print


Retail inflation in pulses and products category rose to a staggering 42.20 per cent in October. reuters file photo Rising for the second straight month, retail inflation climbed to 5 per cent in October due to costlier pulses and other food items.

The Consumer Price Index (CPI) based inflation in September stood at 4.41 per cent. In October 2014, the retail inflation was 4.62 per cent.

Overall consumer food inflation during the month rose to 5.25 per cent in October, government data showed today.

Retail inflation in pulses and products category rose to a staggering 42.20 per cent in October.

While the price rise in the food and beverages category was at 5.34 per cent in October, inflation in cereals and products was also higher at 1.46 per cent.

Retail inflation in vegetables and fruits stood at 2.42 per cent and 1.98 per cent respectively in October.

However, among other protein rich items such as meat and fish, the rate of price rise has slowed to 5.01 per cent.

Likewise, rate of retail price rise in milk and its products was 4.79 per cent.

During the month, eggs also turned cheaper at 0.59 per cent.

As per the data from the Ministry of Statistics and Programme Implementation (MOSPI), inflation in sugar and confectionery category remained in negative zone at (-)10.47 per cent.

The price rise in spices category was higher at 9.82 per cent and for non-alcoholic beverages at 4.31 per cent.

In the rural areas, retail inflation rose to 5.54 per cent and for urban sector it was at 4.28 per cent.

The RBI takes into account retail inflation while formulating monetary policy. The central bank’s retail inflation target is 5.8 per cent by January 2016. 

Write your Comments on this Article
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment   You have characters left.
Security Validation
Enter the characters in the image above
    
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Kemmannu.com will not be responsible for any defamatory message posted under this article.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.




Nirmala Thonse organizes Awareness Campaign agains
View More

Save SwarnaSave Swarna
@ Rosario Grounds, Mangalore@ Rosario Grounds, Mangalore
Photo Album:

Ronald Andrade (67), laid to Rest.
Comments:

Obituary: Ronald Andrade (67), Kambla Thota, Kemmannu
Rozarich Gaanch September- 2018Rozarich Gaanch September- 2018
Flat For Sale in BrahmavarFlat For Sale in Brahmavar
Milarchi-Lara-September-2018Milarchi-Lara-September-2018
Welcome to Thonse Naturecure HospitalWelcome to Thonse Naturecure Hospital
Santhosh Villa short film by youth of Udupi Parish and ICYM.Santhosh Villa short film by youth of Udupi Parish and ICYM.
Crossland College, Year book 2017-18Crossland College, Year book 2017-18
Watch Eye to Eye by Avila D’souzaWatch Eye to Eye by Avila D’souza
Delite Caterers and Delite Event ManagementDelite Caterers and Delite Event Management
An appeal to Kemmannu Parishioners, Friends and Well Wishers:

[Comments]

An appeal to Kemmannu Parishioners, Friends and Well Wishers:<P> <Center>[Comments]</P> </Center>
Read online Uzvaad:<font color=red> Read online Uzvaad</font color=red>:
For all your travel needs contact Sequeira TouristFor all your travel needs contact Sequeira Tourist
Power Care Services, MoodubellePower Care Services, Moodubelle
Read Online RaknnoRead Online Raknno
Kemmannu Platinum Jubilee Souvenir – Amruth KaanikKemmannu Platinum Jubilee Souvenir – Amruth Kaanik
Udupi TodayUdupi Today
St. Alphonsa of India