Business & Economy

India's consumer inflation rate rises to double-digit levels at 10.36% for April 2012

NetIndian News Network

New Delhi, May 18, 2012

India's new consumer inflation rate, based on the all-India General Consumer Price Index (CPI) (Combined) rose to 10.36 per cent in April 2012 -- the fourth month of such a measure in the country of retail prices -- against 9.47 per cent in the previous month.

The corresponding provisional inflation rates for rural and urban areas for April 2012 are 9.86 per cent and 11.10 per cent, respectively.
An official press release said the General Indices for rural, urban and combined were 118.1, 116.1 and 117.2, respectively.
The statement said inflation rates (final) for rural and urban areas for March 2012 were 8.70 per cent and 10.30 per cent, respectively.
The data showed that the food inflation rate was 10.18 per cent in the year to April, while the inflation rate for fuel and light was 11.40 per cent and that for clothing, bedding and footwear was 11.95 per cent.
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has been releasing Consumer Price Indices (CPI) on base 2010=100 for all-India and States/ Union Territories separately for rural, urban and combined every month with effect from January, 2011. 
However, monthly inflation rates were not available till February this year because of the absence of full-year numbers.
Price data are collected from selected towns by the Field Operations Division of the National Sample Survey Organization (NSSO) and from selected villages by the Department of Posts. Price data are received through web portals being maintained by the National Informatics Centre.
Most countries use consumer price-based inflation to frame their monetary policies but the Reserve Bank of India (RBI) has been using WPI-based inflation because of the absence of such a consumer index until now. The RBI may continue to use the WPI-based numbers for the present, though it can now also take into account the CPI-based inflation data.
The data covers five major groups: food and beverages; fuel and light; clothing, bedding and footwear; housing; and miscellaneous (education, medical care, recreation & amusement; transport & communication; personal care and effects; and household requisites).
Monthly price data for the new index is collected from 310 towns and 1,181 villages.