Retail inflation surge to 10.36% in May
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Based
on the Consumer Price Index (CPI), the inflation for April was revised
to 10.26 per cent from the provisional estimate of 10.32 per cent, as
per the government data released in New Delhi on Monday.
Vegetable
prices recorded the maximum spurt in prices, up 26.59 per cent,
followed by edible oil 18.21 per cent and milk products 13.74 per cent in May, year-on-year basis.
Prices of egg, fish and meat shot up 10.50 per cent, while non-alcoholic beverages became costlier 9.44 per cent.
Among other items, prices of cereal and its products saw a rise of 4.79 per cent over the May 2011 level.
While
sugar saw a marginal rise of 5.38 per cent in May, 'pulses and
products' were up by 7.89 per cent, over the same month in2011.
Prices of fuel and light, and clothing, bedding and footwear segments remained in the double-digit.
Inflation rates for rural and urban areas were 9.57 per cent and 11.52 per cent respectively in May.
According
to the revised data, the inflation rates for rural and urban areas were
9.67 per cent and 11.10 per cent respectively in April.
The
All-India CPI is in addition to the three retail price indices for
agricultural labourers, rural labourers and industrial workers prepared by the Ministry of Labour.
Meanwhile,
inflation based on Wholesale Price Index data released last week, also
rose to 7.55 per cent in May due to spurt in prices of potato, pulses
and wheat.
Potatoes had turned costlier by 68.10 per cent during May on annual basis.
Besides, pulses and wheat turned expensive by 16.61 per cent and 6.81 per cent respectively
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