Home > News > Business India News


Consumer price inflation rises to 10.79pc

Posted on Feb 12, 05:15PM | IBNS

New Delhi, Feb 12 : India's annual inflation rate based on Consumer Price Index (CPI) rose to 10.79pc in January from the previous month, said government data released on Tuesday.

The General Indices for rural, urban and combined are 127.4, 124.9 and 126.3 respectively.

Provisional annual inflation rate based on all India general CPI (Combined) for January 2013 on point to point basis (January 2013 over January 2012) is 10.79pc as compared to 10.56pc (final) for the previous month of December 2012.

The corresponding provisional inflation rates for rural and urban areas for January 2013 are 10.88pc and 10.73pc respectively. Inflation rates (final) for rural and urban areas for December 2012 are 10.74pc and 10.42pc respectively.

Union Minister of State (Independent Charge) for Statistics and Programme Implementation Srikant Kumar Jena announced the release of the monthly provisional Consumer Price Index (CPI) on Base 2010=100 along with annual inflation rates for January 2013, compiled by the Central Statistics Office (CSO).

Final CPI numbers for the month of December 2012 have also been released.

All India General (all groups) CPI numbers of January 2013 for rural, urban and combined are 127.4, 124.9 and 126.3 respectively.

Annual inflation rate based on all India general CPI (Combined) for January 2013 on point to point basis (January 2013 over January 2012) is 10.79pc .

The corresponding inflation rates (provisional) for rural and urban areas are 10.88 pc and 10.73 pc respectively. Inflation rates (final) for rural, urban and combined for December 2012 are 10.74 pc , 10.42 pc and 10.56pc respectively.

Provisional annual inflation rates of January 2013 for rural, urban and combined in respect of 'food and beverages' are 13.13pc , 13.81pc and 13.36pc respectively.

Reacting to the CPI figures, Amar Ambani, Head of Research, India Infoline Limited (IIFL), said: "CPI continues to be stubborn with January data coming at 10.79pc , higher than preceding month's 10.56pc . The persistent uptick in retail inflation may constrain the central bank from cutting policy rate further in the March policy."