India Consumer Inflation At 4-Month High



India CPI inflation increased to 5.37 percent in February of 2015 from a revised 5.19 percent in the previous month driven by higher food prices.

Cost of food and beverages rose 6.76 percent in February, up from a 6.13 percent in the previous month, provisional estimates showed. The food alone index rose 6.79 percent (6.06 percent in January). Cost of vegetables jumped 13.01 percent ( 9 percent in the previous month) while fruit prices increased at a slower 8.93 percent (10.62 percent in the previous month). Cost of milk rose 9.21 percent; spices surged 9.16 percent; snacks, prepared meals and sweets rose 7.41 percent and cost of meat and fish increased 5.03 percent. In contrast, price decreases were reported for sugar (-1.01 percent) and egg (-1.06 percent). 

Cost of fuel and light rose 4.72 percent in February, up from 3.74 percent in January. Prices of clothing and footwear increased by 6.38 percent (6.15 percent in the previous month) while growth in housing cost slowed slightly to 4.98 percent (5.11 percent in the previous month). In contrast, transport and communication cost fell 2.16 percent compared to 1.17 percent decline in January.

The corresponding provisional inflation rates for rural and urban areas for February of 2015 are 5.79 percent and 4.95 percent.

India Consumer Inflation At 4-Month High


Joana Taborda | joana.taborda@tradingeconomics.com
3/12/2015 1:56:36 PM