Advertisement
Tuesday, Nov 29, 2022
Outlook.com
Outlook.com

Retail Inflation Eases To 5.59% In July; IIP Grows 13.6% In June: Govt Data

The Consumer Price Index (CPI) based inflation was 6.26 per cent in June and 6.73 per cent in July 2020.

Retail Inflation Eases To 5.59% In July; IIP Grows 13.6% In June: Govt Data
Inflation in the food basket slowed down to 3.96 per cent in July from 5.15 per cent in the previous month. | Representational image
Retail Inflation Eases To 5.59% In July; IIP Grows 13.6% In June: Govt Data
outlookindia.com
2021-08-12T19:22:05+05:30

Retail inflation eased to 5.59 per cent in July mainly due to softening food prices, according to official data released on Thursday.

The Consumer Price Index (CPI) based inflation was 6.26 per cent in June and 6.73 per cent in July 2020.

According to the data released by the National Statistical Office (NSO), inflation in the food basket slowed down to 3.96 per cent in July from 5.15 per cent in the previous month.

Earlier this month, the RBI projected the CPI inflation at 5.7 per cent during 2021-22 -- 5.9 per cent in the second quarter, 5.3 per cent in third, and 5.8 per cent in the fourth quarter of the fiscal, with risks broadly balanced. CPI inflation for Q1:2022-23 is projected at 5.1 per cent.

The Reserve Bank of India, which has been mandated by the government to keep the retail inflation at 4 per cent with 2 per cent margin on either side, mainly factors in the CPI-based inflation while deciding its bi-monthly monetary policy.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement