rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Inflation rises to 7.23 per cent in April; vegetable prices shoot up

Inflation rises to 7.23 per cent in April; vegetable prices shoot up

Last updated on: May 14, 2012 13:00 IST

Inflation rises to 7.23 per cent in April; vegetable prices shoot up

     Next

Next

Inflation moved up to 7.23 per cent in April on account of spurt in prices of vegetables, meat, milk and pulses, although onion and fruits showed a declining trend.

Inflation, as measured by the Wholesale Price Index (WPI), was 6.89 per cent in March. In April last year, it was 9.74 per cent.

Vegetables turned costlier by 60.97 per cent during April. In March, the rate of price rise in vegetables was 30.57 per cent. Pulses were expensive 11.29 per cent.

Click NEXT to read more...


Photographs: Amit Dave/Reuters
Tags: , WPI

     Next

Inflation rises to 7.23 per cent in April; vegetable prices shoot up

Prev     Next
Prev

Next

Milk became costlier by 15.51 per cent, while rice and cereals turned costlier by 5.68 per cent and 5.8 per cent respectively. Prices of potato too rose by 53.44 per cent.

Besides, eggs, meat and fish prices rose 17.54 per cent during the month, slightly lower from 17.71 per cent in March.

However, as per the official data released today, inflation for the overall food items category was 10.49 per cent in April, as against 10.66 per cent in March.

Onion prices declined (-) 12.11 per cent in April. The rate of decline was (-)24.23 per cent in March.

Click NEXT to read more...


Photographs: Amit Dave/Reuters
Tags:

Prev     Next

Inflation rises to 7.23 per cent in April; vegetable prices shoot up

Prev     Next
Prev

Next

Food articles have 14.3 per cent share in the WPI basket.

Inflation in the price of manufactured goods increased marginally to 5.12 per cent in April, from 4.87 per cent in March.

The headline inflation number for February was revised upwards to 7.39 per cent, from the provisional estimate of 6.95 per cent.

Click NEXT to read more...


Photographs: Pawan Kumar/Reuters
Tags: WPI

Prev     Next

Inflation rises to 7.23 per cent in April; vegetable prices shoot up

Prev     Next
Prev

Next

Inflation in overall primary articles inched up to 9.71 per cent in April, from 9.62 per cent in March.

On year-on-year basis, among manufactured items, iron grew dearer by 17.98 per cent while edible oil prices rose by 11.10 per cent. Inflation in tobacco products and basic metals was 9.48 per cent and 10.72 per cent respectively.

Non-food primary articles, which include fibres and oilseeds increased slightly by 1.61 per cent in April. In March, it was (-)1.2 per cent.

Click NEXT to read more...


Photographs: Reuters
Tags:

Prev     Next

Inflation rises to 7.23 per cent in April; vegetable prices shoot up

Prev     Next
Prev

Next

Inflation in the fuel and power segment was 11.03 per cent on an annual basis. The rate of price rise was 10.41 per cent in the previous month.

Experts said the inflationary pressure, driven by prices of food articles, will keep the pressure on the government to remove supply side bottlenecks.

Overall inflation hovered at double digit for most of 2010 and 2011. The Reserve Bank hiked key policy rates 13 times, totalling 350 basis points, between March 2010 and October 2011 to tame inflation.

Click NEXT to read more...


Photographs: Arko Datta/Files/Reuters

Prev     Next

Inflation rises to 7.23 per cent in April; vegetable prices shoot up

Prev     More
Prev

More

Since January, RBI has resorted to injecting liquidity into the financial system, by reducing Cash Reserve Ratio for banks. Besides, it has called for fiscal steps by the government to combat inflation.

However, in its annual monetary policy last month, RBI cut key lending rate by 50 basis points to lower borrowing costs amid falling industrial and economic growth.

RBI has projected inflation to be around 6.5 per cent by March 2013, with a caution that it will remain sticky and there is need to arrest the decline in economic growth.


Photographs: Reuters

Prev     More
© Copyright 2014 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.