India Consumer Inflation Climbs to 5%

Indian CPI inflation increased for the first time in five months to 5 percent in December of 2014 from a record-low of 4.38 percent the previous month and driven by higher food prices.

Cost of food and beverages rose 5 percent, accelerating from a 3.5 percent increase in November, provisional estimates showed. The food alone index rose 4.78 percent (3.14 percent in November). Cost of vegetables went up 0.58 percent and fruit prices increased 14.84 percent (13.74 percent in November). In contrast, price decreases were reported for oils and fats (-1.24 percent) and sugar (-0.84 percent). 

Cost of fuel and light rose 3.41 percent in December, slightly up from 3.27 percent in November and cost of clothing and footwear slowed to 6.51 percent from 6.97 percent in the previous month. 

The corresponding provisional inflation rates for rural and urban areas for December of 2014 are 4.71 percent and 5.32 percent.

India Consumer Inflation Climbs to 5%

Joana Taborda |
1/12/2015 1:22:42 PM