India Consumer Inflation Rises to 5.01% in May



Consumer prices in India increased 5.01 percent year-on-year in May of 2015, compared to 4.87 percent in April. The figure matched market expectations as cost of transport rose and prices of fuel and light advanced at a faster pace.

Cost of fuel and light rose 5.96 percent year-on-year in May, up from 5.6 percent in April and tansport prices increased 0.63 percent, rebounding from a 0.9 percent fall in April. 

Cost of food and beverages rose 5.13 percent in May, following a 5.36 percent increase in April, provisional estimates showed. The food alone index rose 4.8 percent, slowing from a 5.11 percent rise in April. Cost of vegetables went up at a slower 4.64 percent (6.63 percent in the previous month) and fruit inflation eased to 3.84 percent (5.08 percent in the previous month). Cost of meat and fish increased 5.43 percent; milk went up 7.43 percent; snacks, prepared meals and sweets rose 7.89 percent and spices surged 8.82 percent. In contrast, price decreases were reported for sugar (-7.3 percent) and egg (-0.78 percent). 

In addition, prices of clothing and footwear grew 6.12 percent (6.15 percent in the previous month) while housing inflation slowed slightly to 4.64 percent (4.65 percent in the previous month). 

The corresponding provisional inflation rates for rural and urban areas for May of 2015 are 5.52 percent and 4.41 percent.

India Consumer Inflation Rises to 5.01% in May


Joana Taborda | joana.taborda@tradingeconomics.com
6/12/2015 2:14:04 PM