Retail Inflation in India rose to 9.75 percent in October 2012

The data on retail inflation was released by the Government of India on 11 November 2012. The retail inflation in India rose to 9.75 percent in the month of October 2012 after being measured on the scale of Consumer Price Index (CPI). The retail inflation was marginal as it witnessed a rise of 0.02 percent of the noted rise of 9.73 percent in the month of September 2012.

The rise in rural India the consumer price inflation rose to 9.98 percent from the 9.79 percent recorded in September 2012. The inflation in urban India was recorded to be 9.46 percent in October from 9.72 percent recorded in the previous month.

Reaching close to the double digit mark, the inflation witnessed the maximum price rise on Sugar that rose at 19.61 percent per year and was followed by edible oil and fat which saw a rise of 17.92 percent, whereas pulses and cereal grains witnessed a rise of 14.89 percent. Prices of vegetable grew by 10.74 percent in October 2012, and the rates of meat, eggs and fished went up by 12.18 percent. Costs of cloths, beds and footwear went up by 10.47 percent year after year.

All India Provisional General (all groups) the CPI numbers for the month of October 2012 for urban, rural and combined level were recorded as 122.6, 126.7 and 124.9 respectively.