Latest News
-
1:10 Split Coming Up: Crorepati FMCG ITC Turns Rs 1,50,000 To Rs 1.2 Crore; Makes Big Announcement; BUY? -
Biggest Ever Stock Splits, 49 New Shares On Existing 1 Share; FMCG Makes Big Announcement Before Splitting -
Gold Prices India; Biggest Jump In 24-Carat In 55 Days; Know Tax Rates On Profits On Phsyical Gold -
Mandatory Testing for Indian Spices Destined for Singapore, Hong Kong After Ban -
TRAI Advocates for Enhanced Telecom Infrastructure Sharing Among Licensees -
LTIMindtree Reports Slight Q4 Profit Dip, Optimistic About Upcoming Growth -
Axis Bank Announces Q4 Net Profit at Rs 7,599 Crore Amid Deposit Accretion Worries -
hBits Expands to Pune with CyberCity Magarpatta Acquisition, Eyes Investment Opportunities -
India's First Green Hydrogen Pilot Project Goes Live at Nathpa Jhakri -
DCB Bank Q4 Results: PAT Grew 9% To Rs 156 Cr, NII Jumps 4.5%; Dividend Declared
July Retail Inflation Climbs To 6.93% On High Food Prices
India's retail inflation for the month of July as measured by the Consumer Price Index (CPI) came in higher at 6.93 per cent as per the data released by the National Statistics Office (NSO) on Thursday. This is as the food prices continued to rise on account of disrupted supply amid the coronavirus pandemic.
In June CPI-based retail inflation was recorded at 6.09 per cent while in the year-ago period it stood at 3.15%. The food inflation for July month increased to 9.62%, which in June came in at 8.72%.
This is for the second straight month that retail inflation has breached the RBI's comfort level of 4% (+,-2 percent). While taking a decision on its bi-monthly monetary policy, the apex bank primarily takes into consideration retail inflation.
GoodReturns.in
