CPI inflation jumps to 4.62% in October 2019

Core CPI inflation dips to 3.44% in October 2019

The all-India general CPI inflation jumped to 4.62% in October 2019 (new base 2012=100), compared with 3.99% in September 2019. The corresponding provisional inflation rate for rural area was 4.29% and urban area 5.11% in October 2019 as against 3.24% and 4.78% in September 2019.

However, the core CPI inflation eased to 3.44% in October 2019 compared with 3.99% in September 2019.

The cumulative CPI inflation has declined to 3.27% in April-October FY2020 compared with 4.32% in April-October FY2019.

Among the CPI components, inflation of food and beverages jumped to 6.93% in October 2019 from 4.70% in September 2019. Within the food items, the inflation increased for vegetables to 26.10%, fruits 4.08%, milk and products 3.10%, pulses and products 11.72% and cereals and products 2.16%. Further, the inflation also moved up for oils and fats 1.98%, sugar and confectionery 1.33%, prepared meals, snacks, sweets etc. 2.21%, spices 3.86% and egg 6.26%. However, the inflation eased for non-alcoholic beverages 2.58% and meat and fish 9.75% in October 2019.

The inflation for housing eased marginally to 4.58%, while that for miscellaneous items also fell to 3.45% in October 2019.

Within the miscellaneous items, the inflation for health declined to 5.58%, transport and communication (-) 0.47%, personal care and effects 5.50% and household goods and services 2.40%, while it also eased for education to 6.08% and recreation and amusement 5.04% in October 2019.

The inflation for clothing and footwear rose to 1.65%, while the CPI inflation of fuel and light moved up to (-) 2.02% in October 2019.

Powered by Capital Market - Live News