Provisional annual inflation rate based on all-India general consumer price index (CPI) for June 2012 on a point-to-point basis stood at 10.02%. The corresponding inflation rates for Rural and Urban areas are 9.74% and 10.44%, respectively for June 2012.
All-India provisional General (all groups) CPI numbers of June 2012 for Rural, Urban and Combined are 120.6, 118.5 and 119.7, respectively.
Inflation rates (final) for Rural, Urban and Combined for May 2012 stood at 9.57%, 11.52% and 10.36%, respectively.
Provisional annual inflation rates of June 2012 for Rural, Urban and Combined in respect of ‘Food & Beverages’ are 10.41%, 11.52% and 10.71%, respectively.
"Decline in the inflation rate for the Urban areas in June 2012 compared to May 2012 is attributed to the higher base of the Housing Group index for June 2011 versus May 2011," said Srikant Kumar Jena, Minister of State (Independent charge), Ministry of Statistics and Programme Implementation.
For compilation of house rent index, rent data are collected from the sample of rented dwellings (distributed over six months) once in six months.
House rent data for six months period are therefore required for computation of house rent index.
Housing Group index for June 2011 included the rent index compiled using the rent data for the period January 2011 to June 2011, which was the first six months period after the base year of 2010.