CPI inflation dips to 3.69% in August 2018

Core CPI inflation eases to 5.9% in August 2018

The all-India general CPI inflation dipped 3.69% in August 2018 (new base 2012=100), compared with 4.17% in July 2018. The corresponding provisional inflation rate for rural area was 3.41% and urban area 3.99% in August 2018 as against 4.11% and 4.32% in July 2018.

The core CPI inflation declined to 5.90% in August 2018 compared with 6.29% in July 2018.

The cumulative CPI inflation jumped to 4.44% in April-August FY2019 compared with 2.45% in April-August FY2018.

Among the CPI components, inflation of food and beverages eased to 0.85% in August 2018 from 1.73% in July 2018. Within the food items, the inflation eased for vegetables to (-) 7.00%, fruits 3.57%, prepared meals, snacks, sweets etc 4.16%, milk and products 2.66%, egg 6.96% and spices 2.88%. On the other hand, the inflation rose for meat and fish to 3.21% pulses and products (-) 7.76% and oils and fats 3.47%, while the inflation also moved up for non-alcoholic beverages to 1.86% and cereals and products 2.98% in August 2018.

 

The inflation for housing eased to 7.59%, while that for miscellaneous items dipped to 5.52% in August 2018. Within the miscellaneous items, the inflation for transport and communication declined to 5.97%, personal care and effects 4.50%, health 5.76%, household goods and services 4.89% and recreation and amusement 4.95%, while it rose for education to 6.03% in August 2018.

The inflation for clothing and footwear was lower at 4.88%, while the CPI inflation of fuel and light increased to 8.47% in August 2018.

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