Feb retail inflation rises to 8.83% but veggies get cheaper:
Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.
Retail inflation, based on the Consumer Price Index, was 7.65 per cent the January, as per the government data release here on Monday.
Among other items, only vegetable prices saw a decline of 4.73 percent over the February 2011 level.
During the month, the prices of egg, meat and fish rose by 10.62 per cent, while milk and its products turned costlier by 15.76 percent, year—on—year.
While ‘cereals and products’ reported a moderate price rise of 2.40 percent in February, pulses and products saw a rise of 4.17 percent.
Inflation in the ‘oil and fat’ category shot up 12.76 percent and condiment spices became costly by 8.68 percent.
Price of fuel and light, and clothing, bedding and footwear segments were in double—digits.
The inflation rates for rural and urban areas were 8.36 percent and 9.45 percent in February.
According to the revised data, retail inflation in rural and urban areas was – 7.28 percent and 8.25 percent in January.
Source: www.firstpost.com
Poverty dips to 29.8% in 2009-10: Planning Commission:
The Planning Commission today said poverty in India declined 7.3 percent points to 29.8 percent of the population over five years to 2009-10.
Poverty in rural areas declined at a faster pace than in urban cities between 2004-05 and 2009-10, according to the Planning Commission estimates released on Monday.
Poverty in rural areas declined at a faster pace than in urban cities between 2004-05 and 2009-10. Reuters
The total number of poor in the country has been estimated at 34.47 crore in 2009-10, as against 40.72 crore in 2004-05.
“The all India head count (HCR) ratio has declined by 7.3% points from 37.2% in 2004-05 to 29.8% in 2009-10, with rural poverty declining by 8% points from 41.8% to 33.8% and urban poverty declining by 4.8% point form 25.7% to 20.9%,” said an official statement.
The sharp decline in poverty of over 10% points was witnessed in Himachal Pradesh, Madhya Pradesh, Maharashtra, Odisha, Sikkim, Tamil Nadu, Karnataka and Uttarakhand.
The data revealed that the poverty has increased in North-eastern states of Assam, Meghalaya, Manipur, Mizoram and Nagaland, the statement said.
Some of the bigger states, such as Bihar, Chhattisgarh and Uttar Pradesh have shown only marginal decline in poverty ratio, particularly in rural areas.
Source: www.firstpost.com
Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.
Retail inflation, based on the Consumer Price Index, was 7.65 per cent the January, as per the government data release here on Monday.
Among other items, only vegetable prices saw a decline of 4.73 percent over the February 2011 level.
During the month, the prices of egg, meat and fish rose by 10.62 per cent, while milk and its products turned costlier by 15.76 percent, year—on—year.
While ‘cereals and products’ reported a moderate price rise of 2.40 percent in February, pulses and products saw a rise of 4.17 percent.
Inflation in the ‘oil and fat’ category shot up 12.76 percent and condiment spices became costly by 8.68 percent.
Price of fuel and light, and clothing, bedding and footwear segments were in double—digits.
The inflation rates for rural and urban areas were 8.36 percent and 9.45 percent in February.
According to the revised data, retail inflation in rural and urban areas was – 7.28 percent and 8.25 percent in January.
Source: www.firstpost.com
Poverty dips to 29.8% in 2009-10: Planning Commission:
The Planning Commission today said poverty in India declined 7.3 percent points to 29.8 percent of the population over five years to 2009-10.
Poverty in rural areas declined at a faster pace than in urban cities between 2004-05 and 2009-10, according to the Planning Commission estimates released on Monday.
Poverty in rural areas declined at a faster pace than in urban cities between 2004-05 and 2009-10. Reuters
The total number of poor in the country has been estimated at 34.47 crore in 2009-10, as against 40.72 crore in 2004-05.
“The all India head count (HCR) ratio has declined by 7.3% points from 37.2% in 2004-05 to 29.8% in 2009-10, with rural poverty declining by 8% points from 41.8% to 33.8% and urban poverty declining by 4.8% point form 25.7% to 20.9%,” said an official statement.
The sharp decline in poverty of over 10% points was witnessed in Himachal Pradesh, Madhya Pradesh, Maharashtra, Odisha, Sikkim, Tamil Nadu, Karnataka and Uttarakhand.
The data revealed that the poverty has increased in North-eastern states of Assam, Meghalaya, Manipur, Mizoram and Nagaland, the statement said.
Some of the bigger states, such as Bihar, Chhattisgarh and Uttar Pradesh have shown only marginal decline in poverty ratio, particularly in rural areas.
Source: www.firstpost.com
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