India’s retail inflation jumps to 4.81 per cent in June on higher food prices, ETCFO

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<p> India’s retail inflation jumps to 4.81 per cent in June on higher food prices</p>
India’s retail inflation jumps to 4.81 per cent in June on higher food prices

Retail inflation, measured by consumer price index (CPI) surged to 4.81 per cent in June after hitting a 25-month low of 4.25 per cent in May, showed data released by the National Statistical Office on Wednesday.

The retail inflation was 7.01 per cent in June 2022 due to effects of Russia’s invasion of Ukraine.

The CPI based inflation has remained within the Reserve Bank of India’s (RBI) tolerance band of 2-6 per cent for the fourth consecutive month.

Retail inflation accelerated for the first time in five months in June on the back of a jump in vegetable prices.

The consumer food price index (CFPI) jumped to 4. 49 per cent in June from 2.91 per cent in May. Rural inflation stood at 4.72 per cent while urban inflation stood at 4.96 per cent.

The inflation was mainly driven higher by food and beverages where the consumer price index (CPI) rose to 183 in June from 179.1 in May. In the pan, tobacco, and intoxicants category, the index remained stable at 201.4 as compared to 201.

In the clothing and footwear category, the index rose marginally from 186.2 to 186.9 in June. The housing sector saw a dip in the index to 174.4 in June from 175.6 in May.

The fuel and light category saw a marginal rise from 182.8 to 182.9 in June.

According to one other data released by the Ministry of Statistics and Programme Implementation on July 12 along with retail inflation, India’s industrial output grew by 5.2 per cent in May.

  • Published On Jul 12, 2023 at 06:24 PM IST

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