For Quick Alerts
For Daily Alerts

July CPI Inflation Eases To 3.15%


The Central Statistics Office (CSO) in its latest price data revealed that retail inflation for the month of July stood at 3.15%, which is well within the RBI's 4% target level. June CPI inflation stood at 3.18% while it was 4.17% in the corresponding month last year.

July CPI Inflation Eases To 3.15%

The growth in inflation for July month has dipped despite an increase in the price of food items, said the official release.

Food inflation which measures a change in kitchen budget was marginally up at 2.36% in comparison to 2.25% in the preceding month. Cereals and products category logged steady inflation rate of 1.3% while vegetables inflation came in lower at 2.82% versus 4.66% in June.

Notably, in its bi-monthly monetary policy review meet, the apex banking regulator RBI factors mainly retail inflation to decide its interest rate trajectory.

For the July-September period, the RBI has projected retail inflation to be at 3.1% while for the second half of the ongoing financial year, inflation is pegged to be in the range of 3.5-3.7%.

Read more about: inflation cpi retail inflation
Story first published: Tuesday, August 13, 2019, 18:30 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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