Consumer Inflation To Hit Record Low Levels In June

Posted By:
Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    Amid sharp fall in food as well as oil prices, consumer inflation of the Indian economy is expected to cool to record low levels for the month of June. The move shall intensify a call for interest rate cuts.

    Meanwhile RBI is also trying to figure out the impact of the newly implemented GST on inflation even though majority of the food products are exempted from the GST net.

    Consumer Inflation To Hit Record Low Levels In June

    For the month of June, CPI or consumer price inflation is likely to restore to levels of 1.7% as against 2.18% percent for the month of May. If such levels are sustained, it shall be the lowest recored CPI since the launch of the new series in 2012 and much below the RBI's inflationary target for the medium term of 4% for eight successive term.

    The data for the CPI inflation shall be released on July 12 at 12 GMT. Core inflation has in an other case stood well above over 4% levels since the year 2015.

    Story first published: Tuesday, July 11, 2017, 14:17 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more