Retail inflation at 10.36% in April

India's inflation based on retail prices surged 10.36 per cent in April as compared to 9.38 per cent in the previous month due to a sharp increase in prices of vegetables, edible oil and milk products, government data showed Friday.

The price rise was sharper in urban areas. In urban area, inflation based on Consumer Price Index (CPI) surged by 11.10 per cent in April year-on-year, while in rural area it grew by 9.86 per cent, according to data released by the Central Statistics Office.

Vegetables price in retail market grew by 24.55 per cent. Price of edible oil surged by 17.63 per cent and milk and related products became costlier by 14.94 per cent during the month under review year-on-year.

Overall prices of food and beverages grew by 10.18 per cent in April.

Clothing, bedding and footwear became costlier by 11.95 per cent and prices of fuel and light grew by 11.40 per cent.

Food prices have started pinching the pockets of common people again after showing some moderation in second half of 2011-12.

Food inflation based on wholesale price have entered into double-digit for the first time in six months. Food inflation grew to 10.49 percent in April based on the wholesale price, according to data released by the ministry of commerce and industry early this week.

The overall inflation based on the Wholesale Price Index (WPI) has accelerated to 7.23 per cent in April as compared to 6.89 per cent in the previous month.

In the wholesale market, prices of vegetables surged by 60.97 per cent year-on-year. Potato price more than doubled. Milk became costlier by 15.51 per cent. Prices of egg, meat and fish rose by 17.54 per cent. Pulses became costlier by 11.29 per cent.

The recent data showed that India continued to face the problem of high inflationary pressure and low growth.

As per the data released by the Central Statistics Office last week, India's industrial output shrank by 3.5 per cent in March due to poor show of manufacturing and mining sectors. It was is the first contraction in the factory output since October 2011, when it shrank by 4.7 per cent.
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