Retail inflation falls to 30-month low of 7.31pc in June

Tags: News
Retail inflation fell to 30-month low of 7.31 per cent in June, mainly on account of lower prices of food items, including vegetables, cereals and meat.

The retail inflation, measured on consumer price index (CPI), was 8.28 per cent in May. Its lowest was 7.65 per cent in January, 2012, the month the government started releasing the data in percentage terms.

As per the data released by the government today, food inflation fell to 7.97 per cent in June against 9.56 per cent in May.

During the month under review, the rate of prise rise in vegetable was 8.73 per cent against 15.27 per cent in May.

Cereals and its products were cheaper, with inflation of 7.6 per cent as against 8.81 per cent a month ago.

The rate of price rise for egg, fish and meat was 8.27 per cent in June, lower than 10.11 per cent in May.

Inflation in milk and milk products was 11.06 per cent in June, slightly lower than 11.28 per cent in the preceding month, showed the data.

Among others, food and beverages inflation stood at 7.9 per cent in June vis-a-vis 9.4 per cent in May.

The rate of price rise in fuel and light was 4.58 per cent during the month as against 5.07 per cent rise in May.

Fruit inflation came down to 20.64 per cent compared to 23.17 per cent a month earlier.

For oil and fats, it was 0.35 per cent in June compared to 0.91 per cent rise in the previous month.

According to the data, the corresponding provisional inflation rates for rural and urban areas for June are 7.72 per cent and 6.82 per cent compared to 8.86 per cent and 7.55 per cent in May, respectively.

EDITORIAL OF THE DAY

  • Trashing the Aadhar project without logic or reason serves no purpose

    Aadhar number and cards enrollment is a sovereign exercise undertaken by the Centre over the last 10 years to essentially capture the socio-economic d

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Cut & Thrust: SRK’s ALPHABET SOUP

On Saturday, the Enforcement Directorate sent a show cause notice ...

Gautam Datt

The Congress quandary

A government without an opposition is an unfortunate scenario in ...

Zehra Naqvi

Success lies in learning to embrace failure

Among the thronging multitudes that offer you lessons on success, ...