August 21, 2012 / 6:12 AM / 5 years ago

TABLE: India's July CPI inflation eases to 9.86 pct y/y

Aug 21 (Reuters) - India's annual consumer price inflation
 slowed slightly in July to 9.86 percent, helped by
a drop in petrol prices at the pump, government data showed on
Tuesday, but a drought in parts of the country pushed food
prices higher. 
   India's retail inflation is the highest among the BRICS group
of emerging economies - Brazil, Russia, China, and South Africa
- and is way above what the Reserve Bank of India (RBI) calls
its comfort level. 
   RBI's next policy review will be on Sept. 17. 
   Food prices for consumers accelerated to 11.53 in July from
10.71 percent in June. CPI reading for June was revised down to
9.93 percent from 10.02 percent.  
   Inflation as measured by India's benchmark wholesale price
index dropped to 6.87 percent in June, nearly a
three-year low, helped by slower increases in fuel prices, data
on Aug. 14 showed.  
    
    KEY POINTS:  
  --------------------------------------------------------------
    SUB INDEX           (Weighting)  July     June   Pct change 
 
                          Pct       2012     2012  
    FOOD ITEMS            49.71     123.1    120.3    +2.33
    FUEL AND ELECTRICITY  9.49      124.0    122.7    +1.06
    HOUSING               9.77      118.4    117.5     +0.77
    CLOTHING, BEDDING  
    AND FOOTWEAR          4.73      129.0    127.7    +1.07 
    SERVICES (MISC)       26.31     117.2    116.7    +0.43
 ---------------------------------------------------------------
    Note: Weighting figures are rounded off.  
    Source: Ministry of Statistics and Programme Implementation.
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 (Compiled by Manoj Kumar in New Delhi; Editing by Jijo Jacob)

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