June 18, 2012 1:16 PM

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Retain inflation in May moved up to 10.36 per cent

The retail inflation moved up marginally to 10.36 per cent in May on account of increase in prices of vegetables, edible oils and milk. The Minister of State for Statistics and Programme Implementation, Mr. Srikant Kumar Jena released on Monday the data in New Delhi.

According to data the inflation for April was revised to 10.26 per cent from the provisional estimate of 10.32 per cent which is based on the Consumer Price Index, CPI.

Vegetable prices recorded the maximum spurt in prices, up 26.59 per cent, followed by edible oils, 18.21 per cent and milk products , 13.74 per cent in May, year-on-year basis. Prices of egg, fish and meat shot up 10.50 per cent, while non-alcoholic beverages became costlier 9.44 per cent.

The prices of fuel and light, and clothing, bedding and footwear segments remained in the double-digit. Inflation rates for rural was 9.57 per cent and urban areas were 11.52 per cent in the last month.

Meanwhile, inflation based on Wholesale Price Index data released last week, also rose to 7.55 per cent in May due to spurt in prices of potato, pulses and wheat. Potatoes had turned costlier by 68.10 per cent during May on annual basis. Besides, pulses and wheat turned expensive.

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