CPI inflation rises to 2.36% in July 2017

Core CPI inflation nearly flat at 3.8% in July 2017

The all-India general CPI inflation rebounded 2.36% in July 2017 (new base 2012=100), compared with 1.46% in June 2017. The corresponding provisional inflation rate for rural area was 2.41% and urban area 2.17% in July 2017 as against 1.52% and 1.41% in June 2017. The core CPI inflation was nearly flat at 3.81% in July 2017 compared with 3.75% in June 2017. The cumulative CPI inflation was lower at 2.20% in April-July FY2018 compared with 5.67% in April-July FY2017.

Among the CPI components, inflation of food and beverages rebounded to 0.43% in July 2017 from (-) 1.17% in June 2017 mainly contributing to the increase in CPI inflation. Within the food items, the inflation increased for vegetables to (-) 3.57%, fruits 2.83%, prepared meals, snacks, sweets etc 5.04% and non-alcoholic beverages 2.80%. However, the inflation dipped for pulses and products (-) 24.75%, cereals and products to 3.97%, oils and fats 1.55%, spices (-) 1.67% and milk and products 3.82%. The inflation also declined for meat and fish to 3.19%, egg (-) 2.04% and sugar and confectionery 8.27% in July 2017.

The inflation for housing increased to 4.98%, while that for miscellaneous items was flat at 3.28% in July 2017. Within the miscellaneous items, the inflation for personal care and effects eased to 2.57%, transport and communication 1.76%, recreation and amusement 3.43%, while it rose for household goods and services to 3.94% and health 4.02% in July 2017.

The inflation for clothing and footwear was steady at 4.22% in July 2017, while the CPI inflation of fuel and light increased to 4.86% in July 2017.

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