New Delhi Aug 14 (IANS) A rise in food and fuel prices led to a rise of 2.36 per cent in India s retail or consumer price index (CPI) based-inflation in July official data showed here on Monday.
According to the Ministry of Statistics and Programme Implementation last month s CPI inflation rose to 2.36 per cent from 1.46 per cent in June.
However on a year-on-year (YoY) basis the country s July retail inflation was lower than the 6.07 per cent CPI rate reported for the corresponding month of last year.
As per the ministry s data retail inflation in July was pushed higher by a rise in prices of cereals milk-based products meat and fish.
On a sequential basis the Consumer Food Price Index (CFPI) rose by 3.21 per cent during the month under review when compared to June 2017.
The data on a YoY basis showed that cereals prices in July edged higher by 3.97 per cent and meat and fish recorded a sharp rise of 3.19 per cent.
Food and beverages during the month under consideration recorded a marginal rise of 0.43 per cent over the same month last year.
Among non-food categories fuel and light segment s inflation rate accelerated to 4.86 per cent in July.
The rural CPI YoY ruled higher at 2.41 per cent whereas in urban areas it was at 2.17 per cent.
--IANS
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