New Delhi: On the inflation front, the central government seems to be getting relief. Retail inflation eased to 6.71 per cent in July on softening food prices. India’s core retail inflation fell to 6.71 per cent in July, the lowest level in five months, according to data released by the National Statistical Office (NSO) on Friday.
As per the data, food inflation came down to 6.75 per cent in July 2022 from 7.75 per cent in June. However, retail inflation based on the Customer Price Index (CPI) remained above the Reserve Bank of India’s 6 per cent. It has remained above 6 per cent for the last seven months.
Explain that CPI-based inflation was 7.04 percent in May, 7.79 percent in April, 6.95 percent in March, 6.07 percent in February and 6.01 percent in January.