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UPDATE: July consumer inflation eases to 9.86%

Press Trust of India/New Delhi 21 Aug 12 | 12:25 PM

Retail inflation declined marginally to 9.86% in July due to lower prices of spices, cereals and its products although prices of vegetables remained high during the month.

Based on the Consumer Price Index (CPI), the inflation for June was revised downwards to 9.93% from the provisional estimate of 10.02%, as per the government data release here today.

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Vegetable prices recorded the maximum spurt, up 27.33%, followed by edible oils - 17.37% and pulses and its products - 12.49% in July, year-on-year basis.

Prices of egg, fish and meat shot up 11.11%, while non-alcoholic beverages became costlier 9.26%.

Among other items, prices of cereal and its products saw a rise of 6.45% over the July 2011 level.

While sugar saw a rise of 9.06% in July, prices of food and beverages, clothing, bedding and footwear segments remained in the double-digit.

Inflation rates for rural and urban areas were 9.76% and 10.10% in July.

According to the revised data, the inflation rates for rural and urban areas were 9.65% and 10.44% in June.

The All-India CPI is in addition to the three retail price indices -- for agricultural labourers, rural labourers and industrial workers -- prepared by the Ministry of Labour.

The headline inflation as measured by the Wholesale Price Index (WPI) had also declined to 6.87% in July as the rate of price rise of the food articles category eased a little, although pressure remained on potato, pulses and rice as well as manufactured items.

The WPI inflation was 7.25% in June.

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