Provisional annual inflation rate based on all-India general CPI (combined) for August 2012 on point-to-point basis stood at 10.03%.
The corresponding provisional inflation rates for Rural and Urban areas were 9.90% and 10.19%, respectively.
Inflation rates (final) for Rural, Urban and Combined for July 2012 were 9.76%, 10.10% and 9.86%, respectively.
All-India provisional General (all groups) CPI numbers of August 2012 for Rural, Urban and Combined stood at 124.3, 121.1 and 122.9, respectively.
Vegetable prices were up ~21% while prices of Oils & Fats climbed 18.4% and that of Sugar by 17.5%. Pulses prices gained 16% while Food & Beverages prices rose 12%.
Clothing, Bedding & Footwear prices were up 10.7% while prices of Milk and Egg, Fish & Meat were up more than 11% each.
The CPI for August, however, did not include the impact of hike in diesel price announced by the government on Sep 13 to help the Oil Marketing Companies (OMCs) to reduce their under recoveries.
The Reserve Bank of India, on Sept. 17, refrained from cutting the Repo and Reverse repo rates but reduced the Cash Reserve Ratio (CRR) for banks by 25 basis points.
The apex bank has maintained that its top priority would be to rein in stubborn inflation.
The Wholesale Price Index (WPI) for August stood at 7.55%, significantly higher than July’s figure of 6.87%.