New Delhi, July 14 -- Retail price inflation as measured by consumer price index (CPI) expanded 2.1% in June, its slowest pace of annual growth since January 2019.
Food prices saw a deflation of 1.06% in June as monsoon showers spread across the country, the government said in a statement on Monday. The deflation in food prices is more pronounced in urban areas than rural areas.
Retail price inflation moderated sequentially from 2.82% reported in May. In June last year, inflation was at 5.08%, above the Reserve Bank of India's target of 4%.
A sharp deflation was visible in prices of vegetables and pulses and products in June this year. Meat and fish as well as spices witnessed some fall in prices, data from the statistics ministry show...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.