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India's retail inflation softens and align with RBI's 4% target
The Business Guardian
|August 13, 2024
Breaching 5 per cent in June, the retail inflation rate in India softened drastically in July.
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According to data released by the Ministry of Statistics and Programme Implementation on Monday, retail inflation or Consumer Price Index in July was at 3.54 per cent.
In June, taking a departure from the moderation it witnessed in the past months, it rose to 5.08 per cent, pushed by rising food prices.
In July, there was a sharp decline in the year-on-year inflation rate based on the All India Consumer Price Index (CPI), which is the lowest in the last 59 months.
The year-on-year inflation rate based on the All India Consumer Price Index (CPI) number is 3.54 per cent (Provisional) for the month of July, 2024. The corresponding inflation rate for rural and urban is 4.10 per cent and 2.98 per cent, respectively.
Cette histoire est tirée de l'édition August 13, 2024 de The Business Guardian.
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