India Consumer Inflation Rate at 15-Month High


Consumer prices in India rose 5.61 percent year-on-year in December of 2015, accelerating for the fifth straight month and reaching the highest since September of 2014, in line with market expectations. Food inflation was 6.4 percent, up from 6.07 percent in November.

Year-on-year, cost of food and beverages rose 6.31 percent (6.08 percent in November), provisional estimates showed. The food alone index increased to 6.4 percent compared to 6.07 percent in the previous month, also the highest since February. The biggest rise came from pulses (up 45.92 percent from 46.08 percent in the previous month), followed by spices (10.83 percent from 10.53 percent in the previous month). Prices of meat and fish went up 6.57 percent (5.34 percent in the previous month), vegetables rose 4.63 percent (4 percent in the previous month) and fruits increased 0.64 percent (2.07 percent in the previous month). 

Cost of clothing and footwear went up 5.74 percent year-on-year (5.76 percent in November); fuel and light rose 5.45 percent (5.28 percent in November); and housing prices increased 5.06 percent (4.95 percent in November). 

The corresponding provisional inflation rates for rural and urban areas are 6.32 percent and 4.73 percent.

A year ago, the inflation rate was 5 percent.

India Consumer Inflation Rate at 15-Month High


Joana Taborda | joana.taborda@tradingeconomics.com
1/12/2016 12:49:35 PM