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India consumer price index climbs 1.18% in August

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NEW DELHI (Commodity Online) : After inflation climbed near 10 percent last month, India’s consumer price index or CPI jumped to 111.7 points, up by 1.18 percent from 110.4 points in July.


According to official figures by India’s Ministry of Statistics and Programme Implementation, the main increase was seen in the prices of vegetables, with the index rising by 4.61 per cent month-on-month to 113.4 points, while the indices for milk and milk products and fruits went up by over 1 per cent each.


Similarly, the index for oils and fats by 1.27 per cent to 119.5 points and in the case of 'fruits', it went up by 1.48 per cent to 130 points.


The index for 'prepared meals' went up 1.08 per cent to 112.8 points, while the CPI for 'pulses and products' went up 0.72 per cent to 116.2 points.


The general index for rural and urban consumers stood at 113.1 points and 109.8 points, respectively, in August.


In July, they were recorded at 111.6 points and 108.9 points, respectively, for rural and urban consumers.


In August, the 'fuel and light' segment was up by 0.69 percent to 116.4 points from the 115.6 points in July.


In August, the CPI for 'clothing, bedding and footwear' stood at 117.7 points on an all-India basis, compared to 116.4 in July, reflecting an increase of 1.12 percent.


The index for 'Housing' was up 0.65 percent month-on-month at 107.60 points in August, up from 106.9 points in July. This is the third month that housing prices have been factored into the CPI data. However, the data was compiled only for urban areas.


The house rent for urban areas were alone considered for the index on housing, as the government earlier said it was negligible for the rural areas.


The CPI for 'miscellaneous items' was pegged at 110.3 points on a countrywide basis in August, up 1.19 percent from 109 points in the previous month.


In August, the combined general index for rural and urban consumers stood at 113.1 and 109.8 points, respectively, compared to 111.6 and 108.9 points, respectively, in July.


Meanwhile, the overall June numbers have been maintained at the provisional estimate of 108.8 points.

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