CPI Inflation rises to 3.65% in February 2017

Core inflation declines to 4.75% in February 2017

The all-India general CPI inflation rebounded to 3.65% in February 2017 (new base 2012=100), compared with 25-months low of 3.17% in January 2017. The corresponding provisional inflation rate for rural area was 3.67% and urban area 3.55% in February 2017 as against 3.36% and 2.90% in January 2017. The core CPI inflation eased to 4.75% in February 2017 from 4.95% in January 2017. The cumulative CPI inflation was lower at 4.58% in April-February FY2017 compared with 4.92% in April-February FY2016.

Among the CPI components, inflation of food and beverages increased to 2.46% in February 2017 from 1.37% in January 2017 mainly contributing to the rise in CPI inflation. Within the food items, the inflation increased for Vegetables to -8.29%, Fruits 8.33%, Oils and fats 3.83%, Meat and fish 3.50% and Sugar and Confectionery 18.83%. The inflation was flat for Cereals and products at 5.30%, Milk and products 4.22% and Non-alcoholic beverages 3.17% On the other hand, inflation declined for Pulses and products to -9.02% Spices 3.82% and Egg 0.54% in February 2017.

The inflation for housing eased to 4.90%, while that for miscellaneous items also fell to 4.79% in February 2017. Within the miscellaneous items, the inflation for Personal care and effects dipped to 5.15%, Health 4.00%, Education to 5.37%, and Household goods and services 4.09%, while inflation rose for Transport and communication to 5.39% in February 2017.

The inflation for clothing and footwear eased to 4.38% in February 2017, while the CPI inflation of fuel and light increased 3.90% in February 2017.

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