Retail inflation stands at 3.65% in August, IIP at 4.8% in July
Decline in inflation is observed in the subgroups of ‘Spices’, ‘Meat and Fish’ and ‘Pulses and products’ etc.
Decline in inflation is observed in the subgroups of ‘Spices’, ‘Meat and Fish’ and ‘Pulses and products’ etc.
Year-on-year inflation rate based on All India Consumer Price Index (CPI) number is 3.54% (Provisional) for the month of July, 2024, which is the lowest in the last 59 months, said the Ministry of Statistics & Programme Implementation (MoSPI).
Central banks remain steadfast and data-dependent in their fight against inflation.
All India inflation based on General CPI is lowest for the month of May 2024 after May 2023. It is less than 6% since September 2023, the government data said.
The annual inflation rate based on the all India Consumer Price Index (CPI) number stands at 4.83 per cent for April over the same month last year, the government data said on Monday.
Among groups, cereals and products, eggs, spices, among others, contributed to the elevation in retail inflation in January.
Tech Mahindra, Power Grid and HCL Technologies were the top gainers on the Sensex
Inflation in fuel and power basket eased to 32.83 per cent during June, against 37.61 per cent in May.
"Upside risks to inflation emanate from persistence of the second wave and consequent restrictions on activity on a virtually pan-India basis," Das said.
Inflation expectations of urban households one year ahead showed a marginal increase over the three months ahead horizon according to the RBI's March 2021 survey.
