Core inflation eases to 4.4% in October
The all-India general CPI inflation increased to 3.58% in October 2017 (new base 2012=100), compared with 3.28% in September 2017. The corresponding provisional inflation rate for rural area was 3.36% and urban area 3.81% in October 2017 as against 3.15% and 3.44% in September 2017. The core CPI inflation eased marginally to 4.41% in October 2017 compared with 4.47% in September 2017. The cumulative CPI inflation was lower at 2.73% in April-October FY2018 compared with 5.24% in April-October FY2017.Among the CPI components, inflation of food and beverages accelerated to 2.26% in October 2017 from 1.76% in September 2017 mainly contributing to the increase in CPI inflation.
The inflation for clothing and footwear increased to 4.76%, while the CPI inflation of fuel and light also rose to 6.36% in October 2017.
The inflation for housing increased to 6.68%, while that for miscellaneous items declined to 3.48% in October 2017.
Within the food items, the inflation increased for vegetables to 7.47%, milk and products 4.30%, spices (-) 2.15% and egg 0.69%. The inflation was flat for oils and fats 1.02%, sugar and confectionery to 6.75% and cereals and products 3.68%. However, the inflation eased for non-alcoholic beverages 2.06%, fruits to 5.05%, meat and fish 3.12% and prepared meals, snacks, sweets etc. 4.96% in October 2017.
Within the miscellaneous items, the inflation for transport and communication dipped to 2.26% and household goods and services 4.05%, while it eased for education to 4.15% and recreation and amusement 3.89%. On the other hand, the inflation for personal care and effects increased to 3.36% in October 2017.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
