Consumer Price Index up 1.18% in Aug

Food and clothing dearer

PTI | September 19, 2011



Expensive food and clothing pushed up the Consumer Price Index (CPI) in India by 1.18 per cent in August vis-a-vis the previous month, but experts said too much should not be read into the numbers, as the data on retail prices is yet to stabilise.

The CPI based on retail prices stood at 111.7 points in August, compared to 110.4 points in July, as per data released by the government on Monday.

At the all-India level, the CPI for 'food, beverages and tobacco' went up by 1.27 per cent to 111.7 points in August from 110.3 points in the previous month.

The main increase was seen in the prices of vegetables, with the index rising by 4.61 per cent month-on-month to 113.4 points, while the indices for milk and milk products and fruits went up by over 1 per cent each.

Similarly, the index for oils and fats went up by 1.27 per cent to 119.5 points.

Prices in the 'fuel and light' segment rose by 0.69 per cent in August vis-a-vis the previous month, with the index inching up to 116.4 points in August from 115.6 points in July.

Experts also said the movement in the CPI on a month-on-month basis was too small to make any significant statistical suggestions.

The new nationwide CPI launched earlier this year was introduced to reflect the actual movement of prices at the micro-level and help policymakers like the RBI in better framing of decisions.

With the passage of the time, the government expects it to supersede the Wholesale Price Index (WPI) as the benchmark for measurement inflation.

Inflation, as measured by the WPI, stood at 9.78 per cent in August.

At the time of unveiling the new CPI earlier this year, the government had said it would continue the practice of giving the figures in the present form without quoting the inflation rate for one year.

These consumer indices include five major groups -- food, beverages and tobacco; fuel and light; housing; clothing, bedding and footwear; and miscellaneous items.

Comments

 

Other News

India reaffirms commitment to climate multilateralism

India has reaffirmed its commitment to climate multilateralism and the principles of Equity and Common But Differentiated Responsibilities and Respective Capabilities (CBDR-RC), calling for a fair, equitable and ambitious outcome at the 31st Conference of the Parties (COP31) to the United Nations Framewo

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

1,364 anti-cancer formulations to cost less from today

The National Pharmaceutical Pricing Authority (NPPA), under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on the Maximum Retail Price (MRP) of 137 anti-cancer drugs. This was based on the recommendations of an Expert Committee constitute

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter