Retail inflation at 6.26 per cent in June
Business | July 12, 2021 18:07 ISTInflation based on the Consumer Price Index (CPI), however, remained above the Reserve Bank's comfort level for the second month in row.
Inflation based on the Consumer Price Index (CPI), however, remained above the Reserve Bank's comfort level for the second month in row.
India’s retail inflation surged to 6.30 per cent in the month of May, over and above the Reserve Bank of India’s (RBI) threshold of 6 per cent, data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed on Monday.
Retail inflation rose to 6.3 per cent in May, breaching the RBI's comfort level, on the back of costlier food items, government data showed on Monday.
The Reserve Bank on Friday lowered the country's growth projection for the current financial year to 9.5 percent from 10.5 percent.
The Reserve Bank of India on Friday projected the retail inflation at 5.1 per cent in the current financial year ending March 31, 2022.
Retail inflation for industrial workers marginally eased to 5.14 per cent in April compared to 5.64 per cent in March, mainly due to lower prices of certain food items.
Retail inflation slowed to 4.29 per cent in April from 5.52 per cent in March, mainly due to easing food prices, government data showed on Wednesday.
Retail inflation for farm workers and rural labourers rose marginally to 2.78 per cent and 2.96 per cent in March, mainly due to higher prices of certain food items.
This inflation was mainly on account of higher food prices. The consumer price index (CPI) based on retail inflation stood at 5.03 per cent in February.
Retail inflation for industrial workers rose to 4.48 per cent in February, due to higher prices of fuel and certain food items. It had stood at 3.15 per cent in the previous month of January.
The government on Tuesday informed Parliament that inflation has remained low in the last seven years - except for a spike in some items - and the government is taking steps to bring it further down.
Retail inflation rose to 5.03 per cent in February mainly on account of higher food prices, government data showed on Friday.
Sequentially, the Consumer Price Index (CPI), which gauges the retail price inflation, declined to 4.06 per cent from 4.59 per cent reported for December 2020.
Retail inflation for industrial workers eased to 3.67 per cent in December 2020 against 9.63 per cent in the same month of last year due to lower prices of certain food items.
Retail inflation for farm and rural workers eased to 3.25 per cent and 3.34 per cent, respectively, in December, mainly due to lower prices of certain food items.
Food inflation declined to 3.41 per cent in December in 2020, compared to 9.5 per cent in the previous month, according to the data released by the Ministry of Statistics and Programme Implementation.
Retail inflation for industrial workers eased to 5.27 per cent in November compared to 5.91 per cent in October, mainly due to lower prices of certain food items.
Driven by rising food prices, retail inflation inched up to 7.61 per cent in October, remaining above the comfort level of the Reserve Bank.
Rising food prices pushed retail inflation to an eight-month high of 7.34 per cent in September, above the RBI's comfort level, while industrial output continued to contract in August, official data showed on Monday.
Retail inflation rose by 6.09 percent in June, mainly on account of higher prices of food items, the government data showed on Monday.
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