INDIA REVISES INFLATION NUMBERS DOWN, BUT FOOD ON THE RISE

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August 21, 2012

NEW DELHI - Based on the Consumer Price Index (CPI), the inflation rate in June has been revised downwards to 9.93% from the provisional estimate of 10.02%, according to Government data. Vegetable prices showed the biggest price increase, up 27.33%, followed by edible oils at 17.37% and pulses and by-products at 12.49% in July, on an on-year basis. Prices of eggs, fish and meat shot up 11.11%, while non-alcoholic beverages were up 9.26%. According to the revised data, the inflation rates for rural and urban areas were 9.65% and 10.44% in June.