Retail inflation eases to 9.64% in July

Posted By: Religare
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Retail inflation eases to 9.64% in July
The retail inflation, as measured by the Consumer Price Index (CPI), eased to 9.64 per cent in the month of July as against 9.87 per cent in the previous month, showed the data released by government on Monday.

The CPI inflation fell for the three consecutive months till May, before rising again in June, and then falling in July. The data showed that much of the moderation in retail inflation was due to easing of food inflation even as that still remains well over the 10 per cent mark.

The food inflation eased to 11.24 per cent from 11.84 per cent in the previous month, according to the data released on Monday. Prices of cereals, pulses, fruits came down during the month, while milk and milk products, eggs, fish, meat saw spike in prices.

Dion Global Solutions Ltd.

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