Food inflation in July remains in negative zone

Straight Fall

- SANDIP DAS

RETAIL FOOD INFLATION remained in the negative zone for two consecutive months in July when it came in at (-) 1.76%, driven by subdued prices of vegetables, cereals, pulses, meat, eggs and spices.

The decline in food inflation last month was also attributed to "favorable" base effect, according to an official statement.

This marks consecutive months of decline in food inflation. The food inflation last month was lowest since January, 2019 when it was reported at -2.24%.

The consumer food price index (CFPI), however, rose 2.03% sequentially in July compared to June. In July last year, the food inflation rate was at 5.42%.