CPI inflation rises to 4.9% in May 2018

The all-India general CPI inflation increased to 4.87% in May 2018 (new base 2012=100), compared with 4.58% in April 2018, rising to a four-month high. The corresponding provisional inflation rate for rural area was 4.88% and urban area 4.72% in May 2018 as against 4.67% and 4.42% in April 2018. The core CPI inflation increased to 6.1% in May 2018 compared with 5.80% in April 2018.

Among the CPI components, inflation of food and beverages increased to 3.37% in May 2018 from 3.00% in April 2018. Within the food items, the inflation fell for meat and fish to 3.53%, sugar and confectionery -8.12%, milk and products 3.20% and egg 5.78%. However, the inflation jumped for fruits 12.33%, vegetables 8.04%, cereals and products to 2.78%, pulses and products -11.57%, spices 1.54%, prepared meals, snacks, sweets etc 4.98% and oils and fats 2.46%, in May 2018.

 

The inflation for housing eased to 8.40%, while that for miscellaneous items moved up to 5.35% in May 2018. Within the miscellaneous items, the inflation for transport and communication increased to 5.31%, education 5.42%, health 5.84% and household goods and services 4.97%, while it has increased for personal care and effects 5.61% and recreation and amusement eased 4.93% in May 2018. The inflation for clothing and footwear was higher at 5.47%, while the CPI inflation of fuel and light increased to 5.80% in May 2018.

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