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Vegetable prices push retail inflation to 10.18%

Reuters/New Delhi 18 May 12 | 11:24 AM

Retail inflation shot up to the double digit mark at 10.32% in April on account of substantial increase in vegetable, edible oils and milk prices.

Based on the Consumer Price Index (CPI), the inflation for March was revised to 9.38% from the provisional estimate of 9.47%, as per the government data release here today.

Vegetable prices recorded the maximum spurt in prices, up 24.55%, followed by edible oils - 17.63% and milk products - 14.94% in April, year-on-year basis.

Prices of egg, fish and meat shot up 9.95%, while non-alcoholic beverages became costlier 9.52%.

Among other items, prices of cereal and its products saw a rise of 3.94% over the April 2011 level.

While sugar saw a marginal rise of 4.32% in April, 'pulses and products' were up by 6.03%, over the same month last year.

Prices of fuel and light, and clothing, bedding and footwear segments also remained in the double-digit.

Inflation rates for rural and urban areas were 9.86% and 11.10% respectively in April.

According to the revised data, the inflation rates for rural and urban areas were 8.70% and 10.30% respectively in March.

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 also rose to 7.32% in April on account of steep spurt in vegetables as they turned costlier by 60.97% during April as per the WPI data released earlier this week.

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    30 May 12 at 10:50 AM
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    19 May 12 at 11:14 AM
By: S D Ashtaputre

not only vegetables,but also prices of fruits,flowers has gone up which is crippling the common man.Govt.needs to check these rising prices while giving emphasis on growth.RBI should not have lowered d interest rates by 50 basis points in one stroke on 17th Apr.12 but instead by 25 basis points.In June12 RBI;instead of further lowering d interest rates,might go for rate hikes in the present context of falling rupee.



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