CPI inflation flat at 5.77% in June 2016

Core CPI inflation declines to 4.39% in June 2016

The all-India general CPI inflation was flat at 5.77% in June 2016 (new base 2012=100), compared with similar reading of 5.76% in May 2016. The corresponding provisional inflation rate for rural area was 6.20% and urban area 5.26% in June 2016 as against 6.45% and 4.89% in May 2016. The core CPI inflation fell to 4.39% in June 2016 from 4.49% in May 2016. The cumulative CPI inflation rose to 5.67% in April-June 2016 compared with 5.09% in April-June 2015.

Among the CPI components, inflation of food and beverages surged to 7.38% in June 2016 from 7.20% in May 2016 restricting the decline in CPI inflation. Within the food items, the inflation galloped for vegetables to 14.74%, cereals and products 3.07%, sugar and confectionery 16.79% and fruits 2.64%. On the other hand, inflation declined for milk and products 3.43%, non-alcoholic beverages 3.76%, egg 5.51%, meat and fish 6.60%, and pulses and products 26.86% in June 2016.

The inflation for housing rose to 5.46%, while that for miscellaneous items declined to 3.85% in June 2016. Within the miscellaneous items, the inflation for health eased to 4.73%, education 5.36%, household goods and services 4.38%, personal care and effects 5.85%, and recreation and amusement 4.19%, while increased for transport and communication to 1.15% in June 2016.

The inflation for clothing and footwear declined to 5.01% in June 2016, while the CPI inflation of fuel and light also eased to 2.92% in June 2016.

Powered by Capital Market - Live News