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Retail Inflation Rises to 3.18% in June

The retail inflation based on the Consumer Price Index stood at 3.05 percent in May and 4.92 percent in June 2018.

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Retail inflation increased marginally to 3.18 percent in June over the previous month, mainly due to rise in food prices, according to official data.

The retail inflation based on the Consumer Price Index (CPI) stood at 3.05 percent in May and 4.92 percent in June 2018.

The retail inflation is on the rise since January this year.

As per the CPI data released by the Central Statistics Office (CSO), the food inflation was 2.17 percent in June 2019, up from 1.83 percent in the preceding month.

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Inflation in protein rich food items, like egg, meat and fish, was higher in June compared to the previous month.

However, the rate of price rise in vegetables and fruits was slower.

The Reserve Bank of India mainly factors in the retail inflation while deciding the bi-monthly monetary policy.

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Topics:  Inflation   Retail inflation 

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