According to the annual Consumer price index (CPI) data released by the Central Statistics Office (CSO) and Union Ministry of Statistics and Programme Implementation on 17 July 2012, India’s retail inflation dropped marginally to 10.02 percent in the month of June 2012 from 10.36 percent in May 2012.
The inflation rates (provisional) for rural and urban areas for June 2012 stood at 9.74 percent and 10.44 percent respectively. Inflation rates (final) in the month of May 2012 for rural and urban areas stood at 9.57 percent and 11.52 percent respectively.
Consumer Price Index, launched in January 2012, aims at making an accurate measurement of retail prices in major food groups, fuel, clothing, housing and education across rural and urban India.
To find out the actual number of retail inflation in the country the Field Operations Division of National Sample Survey Organisation (NSSO) collects price data from town while, data from selected villages are collected by the Department of Posts. Price data are received through web portals being maintained by the National Informatics Centre.
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