Millennium Post

Food prices push up inflation to 9.75%

Driven by rising prices of food items such as sugar, pulses and vegetables as well as clothings, retail inflation moved closer to the double digit mark at 9.75 per cent in October. It was 9.73 per cent in the previous month, according to the Consumer Price Index (CPI) data released on Monday.

The highest rise in prices during the month was recorded by sugar, up 19.61 per cent, year-on-year basis. It was followed by edible oil which turned expensive by 17.92 per cent, while pulses were dearer by 14.89 per cent on the annual basis.

Vegetable rates during month increased by 10.74 per cent, while meat and fish and egg rates rose by 12.18 per cent. At the same time, clothing and footwear also witnessed an increase in prices at 10.47 per cent on an annual basis.

In urban areas, retail inflation moderated to 9.46 per cent in October, compared to 9.72 per cent in the previous month.

However, CPI rose for rural population to 9.98 per cent during the month from 9.79 per cent in the previous month.

‘All India provisional General (all groups) CPI numbers of October 2012 for rural, urban and combined are 126.7, 122.6 and 124.9 respectively,’ said Minister of State for Statistics and Programme Implementation (Independent charge) Srikant Kumar Jena.
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