India Consumer Inflation Up to 3-Month High

Indian annual consumer prices accelerated for the second straight month to 8.59 percent in April of 2014, from 8.31 percent in March, driven by higher cost of fruits and vegetables.

Provisional estimates showed food and beverages’ prices accelerated to an annual 9.66 percent in April, faster than March’s 9.1 percent increase. Fruit cost surged 21.73 percent while cost of vegetables rose 17.5 percent, up from 17.19 percent and 16.8 percent respectively in the previous month. Prices of milk increased 11.42 percent; cereals went up 9.67 percent and egg fish and meat rose 9.41 percent. 

In contrast, prices of fuel and light slowed to an annual 5.96 percent (6.29 percent in March) and cost of clothing and footwear eased to 8.83 percent. 

The corresponding provisional inflation rates for rural and urban areas for April 2014 are 9.25 percent and 7.69 percent, respectively.

India Consumer Inflation Up to 3-Month High

Joana Taborda |
5/12/2014 1:38:23 PM