Indian Inflation Rises to 5-Month High in July
In July, India's headline inflation rate, based on monthly WPI, rose to 5.79 percent from 4.86 percent in June, mainly driven by higher food prices and more expensive imports due to a falling rupee.
The prices of food rose by 3.4 percent due to higher price of fruits and vegetables (11 percent), rice (5 percent) and fish (5 percent).
Energy prices were up 3.0 percent due to higher price of furnace oil, aviation turbine fuel, petrol and bitumen (7 percent each) and high speed diesel (3 percent). Manufactured goods prices rose 0.6 percent.
Build up inflation rate in the financial year so far was 3.12 percent compared to a build up rate of 2.98 percent in the corresponding period of the previous year.
8/14/2013 10:58:28 AM