Inflation rate again close to 10 percent, increase in food prices responsible

Inflation rate again close to 10 percent, increase in food prices responsible

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BBS data showed that food inflation rose to 12.54 per cent in August from 9.76 per cent in July. Food inflation in rural areas was 12.71 percent while in urban areas it was 12.11 percent. Inflation was below 10 percent in both urban and rural areas in July.

Meanwhile, non-food inflation rate declined to 7.95 percent in August from 9.47 percent in July. General point-by-point inflation also increased in both urban and rural areas last month.

Non-food inflation was 7.38 percent in rural areas and 8.48 percent in urban areas.

The point-to-point inflation rate in rural areas was 9.98 percent in August, which was 9.75 percent in July. At the same time, the point-to-point inflation rate in urban areas was 9.63 percent in August, which was 9.43 percent in July.

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