India’s Retail Inflation declined to 9.86 percent in July 2012

According to the retail inflation data released by Central Statistics Office (CSO), on 21 August 2012, India’s Consumer Price Index (CPI) based retail inflation came down to 9.86 percent in July 2012. The retail inflation number for June 2012 was revised downwards to 9.93 per cent from the provisional estimate of 10.02 per cent.

Prices of vegetables, edible oil, egg, meat, fish, pulses shot up considerably keeping the overall retail inflation high during the month of July.

Inflation rates for rural and urban areas stood at 9.76 per cent and 10.10 per cent in July 2012.

As per the revised data, the inflation rates for rural and urban areas stood at 9.65 per cent and 10.44 per cent in June 2012.

The Wholesale Price Index (WPI) based headline inflation also declined to 6.87 percent in July 2012. The WPI inflation stood at 7.25 percent in June 2012.