Source: News Bharati English16 Mar 2017 09:12:43
New Delhi, March 16: Retail inflation of India rose to 3.65 percent in February, marginally up from January’s 3.17 percent. Notably, this is the first time in six months when retail inflation is soared up. However, the retail inflation grew up due to the surge in the price of food items like fruits, sugar and confectionery.
Retail inflation, measured in terms of Consumer Price Index (CPI), was at 3.17 percent in January. It was 5.26 percent in February last year. According to the CPI data released today by the Central Statistics Office (CSO), the consumer food prices index (CFPI) rose by 2.01 percent in February from 0.61 percent in January. The CFPI was 5.3 percent in February 2016.
Prices of sugar and confectionery items rose by 18.83 percent in February while inflation in milk and milk product increased by 4.22 percent. Inflation in fruits was higher at 8.33 percent, fuel and light at 3.9 percent in February. The rate of price rise in meat and fish was 3.5 percent in February.
Inflation in vegetables continued in the negative zone at (-)8.29 percent as against (-)15.62 percent a month earlier, as per the data from the Ministry of Statistics and Programme Implementation. In pulses and products category also, the rate of price rise was negative at (-)9.02 percent.
The personal care and effects segment rose by 5.15 percent while the education became more expensive by 5.37 percent in February this year. The inflation rate was 4.38 percent in clothing and footwear segment while it was 4.9 percent in housing segment.
Notably, rural retail inflation was at 3.67 percent in February compared with 3.36 percent in the preceding month. The CPI was also up in the urban sector at 3.55 percent in February, from 2.9 percent in January this year.