Based on the Consumer Price Index (CPI), the inflation for April was revised to 10.26 percent from the provisional estimate of 10.32 percent, as per the government data release at New Delhi on Monday. Vegetable prices recorded the maximum spurt in prices, up 26.59 percent, followed by edible oils – 18.21 percent and milk products – 13.74 percent in May, year-on-year basis.
Prices of egg, fish and meat shot up 10.50 percent, while non-alcoholic beverages became costlier 9.44 percent. Among other items, prices of cereal and its products saw a rise of 4.79 percent over the May 2011 level.
While sugar saw a marginal rise of 5.38 percent in May, ‘pulses and products’ were up by 7.89 percent, over the same month last year. Prices of fuel and light, and clothing, bedding and footwear segments remained in the double-digit.
Inflation rates for rural and urban areas were 9.57 percent and 11.52 percent respectively in May. According to the revised data, the inflation rates for rural and urban areas were 9.67 percent and 11.10 percent respectively in April.
The All-India CPI is in addition to the three retail price indices — for agricultural labourers, rural labourers and industrial workers — prepared by the Ministry of Labour.
Meanwhile, inflation based on Wholesale Price Index data released last week, also rose to 7.55 percent in May due to spurt in prices of potato, pulses and wheat. Potatoes had turned costlier by 68.10 percent during May on annual basis. Besides, pulses and wheat turned expensive by 16.61 percent and 6.81 percent respectively.