Jul 18, 2011, 01.18 PM | Source: PTI
The new Consumer Price Index introduced earlier this year stood at 108.8 points in June, up from 107.1 points in May.
While the Consumer Price Index (CPI), according to the new series unveiled in January this year, increased to 108.8 in June vis-a-vis the base of 100 in 2010, the exact inflation figures will only be released from next year.
As per data released by the government today, the general indices for rural and urban consumers stood at 109.9 and 107.3 points, respectively, in June.
In May, the overall CPI was 107.1 points, while the indices for rural and urban consumers were reported at 108.7 and 105.1 points, respectively.
Meanwhile, the combined index for April has been maintained at 106.2 points.
The new CPI is intended to reflect the actual movement of prices at the micro-level and help policymakers like the RBI in better framing of decisions.
Releasing the new series, the government had earlier said it would continue the practice of giving figures in the present form without quoting the inflation rate for one year, "till the series gets stabilised" and adequate timely receipt
of price data was achieved.
The new consumer indices cover five major groups -- food, beverages and tobacco; fuel and light; housing; clothing, bedding and footwear and miscellaneous items.