Indias retail inflation eases to 6.71% in July

13 Aug 2022 , 09:34 AM

Indias retail inflation based on the Consumer Price Index (CPI) eased to 6.71% in July 2022 compared with 7.01% in preceding month. Inflation eased mainly due to easing prices in the food & beverages section. The Consumer Food Price Index (CFPI), or the inflation in the food basket, showed a month-on-month fall during July to 6.75%, from 7.75% in June, the data revealed. The CPI continues to remain above the Reserve Bank of Indias (RBI) upper margin of 6% for the seventh consecutive month. The government has mandated the central bank to maintain retail inflation at 4% with a margin of 2% on either side. Powered by Capital Market – Live News