July retail inflation hardens to 2.36%, food prices cool

New Delhi: Retail inflation jumped to 2.36 percent in July, chiefly driven by hardening of prices in sugar and confectionery items, pan, tobacco and intoxicants.

Representational image.

Representational image.

Food inflation, however, saw deflationary pressure at (-) 0.29 percent in July compared to (-)2.12 percent in June this year, showed consumer price index data released by the Central Statistics Office on Monday.

Retail inflation as measured by the consumer price index (CPI) was revised downwards to 1.46 percent for June.

The price of sugar and confectionery items went up by 8.27 percent in July while pan, tobacco and intoxicants turned dearer by 6.39 percent.

Housing expenses saw a price increase of 4.98 percent while that of the fuel and light segment was up by 4.86 percent. Retail price of clothing and footware items also increased by 4.22 percent.

The major contraction in price was witnessed in pulses and products at (-)24.75 percent, followed by vegetables (-)3.57 percent, eggs (-)2.04 percent and spices (-)1.67 percent.

In rural areas, the reading for July was 2.41 percent while it stood at 2.17 percent in cities as against 1.52 percent and 1.41 percent, respectively, in June.

Published Date: Aug 14, 2017 19:24 PM | Updated Date: Aug 14, 2017 19:25 PM

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