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CPI rises by 1.47% in July; food, fuel more expensive

CPI rises by 1.47% in July; food, fuel more expensive
PTI
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First Published: Thu, Aug 18 2011. 01 48 PM IST
Updated: Thu, Aug 18 2011. 01 48 PM IST
New Delhi: Select food items, fuel and clothing grew more expensive in July, leading to a 1.47% rise in the consumer price index (CPI) vis-a-vis the month of June to 110.4 points.
The CPI, based on retail prices, stood at 108.8 points in June, as per data released by the government on Thursday.
At the all-India level, the CPI for food, beverages and tobacco went up by 1.57% to 110.3 points in July from 108.6 points in the previous month.
The index for vegetables rose by 8.62% month-on-month to 108.4 points, while the index for milk and milk products was up by 1.15% to 114.6 points in July vis-a-vis June. Similarly, the index for eggs, meat and fish rose by 1.07% to 113.5 points and in case of oils and fats, it went up by 1.20% to 118 points.
The index for pan, tobacco and intoxicants went by 1.37% in July vis-a-vis June to 118.4 points, while the CPI for prepared meals went up 1.09% to 111.6 points. However, fruit prices fell by 0.62% in the index during the month under review to 128.1 points. The fuel and light segment was up by 3.86% in the index, at 115.6 points in July, as against 111.3 points in June.
The government had hiked prices of diesel, cooking gas and kerosene in late May and the price rise seems to have spilled over into the latest CPI for July.
In July, the CPI for clothing, bedding and footwear stood at 116.4 points on an all-India basis, as against 115.1 in June, an increase of 1.13%.
The index for housing’ was up 0.66% month-on- month at 106.9 points in July, up from 106.2 points in June. This is the second month that housing prices have been factored in the CPI. However, the data was compiled only for urban areas. The government had earlier said that “house rent is negligible for the rural areas” and as such, only the urban areas have been taken into account for the index on housing.
The CPI for miscellaneous items was pegged at 109 points on a countrywide basis in July, up 0.83% from 108.1 points in the previous month.
The combined general index for rural and urban consumers stood at 111.6 and 108.9 points, respectively, in July. In June, it was 109.9 and 107.3 points, respectively, for rural and urban consumers.
Meanwhile, the overall May numbers have been maintained at the provisional estimate of 107.1 points.
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First Published: Thu, Aug 18 2011. 01 48 PM IST