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India’s CPI inflation like the WPI quickens in February

19 Mar 2012 Evaluate

After showing signs of moderation in recent times, India’s consumer price inflation quickened in the month of February as compared to that in January, in line with the trend also shown by wholesale price inflation.  According to the data released by Central Statistics Office, provisional annual inflation rate based on all India general CPI (Combined) for February 2012 on point to point basis (February 2012 over February 2011) came in at 8.83% as compared to  7.65% (final) for the previous month of January 2012.

All India provisional General (all groups) Consumer Price Index (CPI) numbers of February 2012 for rural and urban combined was 114.6 against 114 in January 2012, according to the Ministry of Statistics and Programme Implementation which released the monthly provisional CPI on Base 2010=100 along with annual inflation rates for February 2012.

The corresponding inflation rates for rural and urban areas came in at 8.36% and 9.45% as against January’s 7.38% and 8.25% which indicated that the growth in rate of price rise in urban areas was at a faster clip than that in the rural areas. Provisional annual inflation rates of February 2012 for rural, urban and combined in respect of ‘food and beverages’ were 6.33%, 7.17% and 6.62% respectively.

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