India Tribune

Monday, Jul 28th

Last update:09:50:43 AM GMT

Headlines:
Serving the Asian Indian community in the US for over 36 years. ***** Established in 1977 ***** Published in three editions - Chicago, New York and Atlanta. ***** Reaches over sixty thousand people every week.
You are here: Home India Business India’s consumer price inflation rises to 9.75%

India’s consumer price inflation rises to 9.75%

E-mail Print PDF

New Delhi: Inflation based on the consumer price index rose marginally to 9.75 percent in October as compared to 9.73 percent in the previous month, on account of a sharp increase in prices of sugar, pulses and vegetables, government data showed on November 12. Sugar became costlier by 19.61 percent year-on-year. Prices of pulses jumped by 14.89 percent and vegetables became costlier by 10.74 percent.

Prices of oil and fats surged by 17.92 percent and cereals became costlier by 11.82 percent.

The price rise was sharper in rural areas. The CPI-based inflation for rural areas increased 9.98 percent in October as compared to 9.79 percent in the previous month.

However, for urban areas consumer price inflation moderated to 9.46 percent in October as compared to 9.72 percent in the previous month.

Vegetables became costlier  by 13.71 percent year-on-year in rural areas while in urban areas the increase was 4.16 percent.

Prices of oils and fats increased by 18.69 percent in rural areas while it increased by 16.27 percent in urban areas.

Inflation has remained at an elevated level despite a tight monetary policy adopted by the Reserve Bank of India.