Inflation based on the all India Consumer Price Index stood at 7.65 per cent in January, as per the first nationwide retail inflation data released by the government on Tuesday.
While ‘food and beverages' reported a moderate rate of price rise of 4.11 per cent year-on-year in January, the inflation numbers for fuel and light, and clothing, bedding and footwear segments were in double-digits.
Overall retail inflation in rural and urban areas stood at 7.38 per cent and 8.25 per cent in January, respectively.
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“There was a long pending demand of ministries and various users for a comprehensive consumer inflation rate. To meet this demand, annual inflation rates based on this broad based CPI series for January, 2012, are released,” Minister of State (Independent Charge) in the Ministry of Statistics and Programme Implementation Srikant Jena said.
The all India CPI will be in addition to the three retail price indices — for agricultural labourers, rural labourers and industrial workers — prepared by the Ministry of Labour. The new nationwide CPI is being prepared by the Ministry of Statistics and Programme Implementation (MOSPI) and is eventually expected to replace the Wholesale Price Index (WPI) as the benchmark inflation.
Vegetables were cheaper by over 24 per cent on a nationwide basis in January over the same month last year.
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