India's Inflation Rate at 8-Month High

Consumer prices in India increased 5.4 percent year-on-year in June of 2015, compared to 5.01 percent in May. It is the highest figure since October last year due to stronger rise in food prices.
Joana Taborda | 7/13/2015 1:43:11 PM
Cost of food and beverages rose 5.73 percent in June following a 5.13 percent increase in May, provisional estimates showed. The food alone index rose 5.48 percent, accelerating from a 4.8 percent rise in May. Cost of pulses recorded the highest increase (22.24 percent), followed by spices (9.71 percent), prepared meal and snacks (7.84 percent) and milk (7.18 percent). Additional upward pressure came from prices of vegetables (5.37 percent) and fruits (3.51 percent).

Cost of fuel and light rose 5.92 percent year-on-year in June (5.96 percent in May); cost of clothing and footwear went up 6.34 percent (6.12 percent in May) and housing prices rose 4.48 percent (4.64 percent in May). 

The corresponding provisional inflation rates for rural and urban areas for June of 2015 are 5.61 percent and 21.7 percent.