Core CPI inflation declines to 4.5% in May 2016 from 4.7% in April 2016
The all-India general CPI inflation increased to 21-months high of 5.76% in May 2016 (new base 2012=100), while recording rise for second straight month. The CPI inflation had stood at 5.47% in April 2016. The corresponding provisional inflation rate for rural area was 6.45% and urban area 4.89% in May 2016 as against 6.17% and 4.68% in April 2016. However, the core CPI inflation declined to 4.49% in May 2016 from 4.71% in April 2016.The cumulative CPI inflation has increased to 5.61% in April-May 2016 compared with 4.94% in April-May 2015.
Among the CPI components, inflation of food and beverages surged to 7.20% in may 2016 from 6.29% in April 2016 contributing to the dip in CPI inflation. Within the food items, the inflation galloped for vegetables to 10.77%, sugar and confectionery 13.96%, fruits 2.64%, meat and fish 8.67%, egg 9.13% milk and products 3.53% and cereals and products 2.59% on the other hand, inflation declined for oils and fats to 4.83%, and pulses and products 31.57% in May 2016.
The inflation for housing was flat at 5.35%, while that for miscellaneous items declined to 3.96% in may 2016. Within the miscellaneous items, the inflation for transport and communication eased to 0.63%, and health 5.10%, while increased for education to 5.85% and personal care and effects 6.14% in May 2016.
The inflation for clothing and footwear declined to 5.37% in may 2016, while the CPI inflation of fuel and light also eased to 2.94% in May 2016.
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