Inflation in Retail has slightly abated to 9.86 per cent in July as the prices of spices, cereals, and its products have fell down, even though the prices of vegetables remained up during this month.
Based on the Consumer Price Index (CPI), the inflation for June was revised downwards to 9.93 per cent from the provisional estimate of 10.02 per cent, as per the government data released here today.
Vegetable prices record the maximum spurt, up 27.33 per cent, followed by edible oils — 17.37 per cent and pulses and its products — 12.49 per cent in July, year-on-year basis.
Prices of egg, fish and meat boosted up to 11.11 per cent, while non-alcoholic beverages became expensive by 9.26 per cent.
Among other items, the prices of cereals and its products saw a rise of 6.45 per cent over the July 2011 level.
While sugar saw a rise of 9.06 per cent, prices of food and beverages, clothing, bedding and footwear segments remained in the double-digit.
Inflation rates for rural and urban areas were 9.76 per cent and 10.10 per cent respectively in July.
According to the updated data, the inflation rates for rural and urban areas were 9.65 per cent and 10.44 per respectively cent in June.
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.
The headline Inflation as measured by the Wholesale Price Index (WPI) had also declined to 6.87 per cent in July as the rate of price rise of food articles