Economy

Retail inflation rises to 6.93% in July

Retail inflation rose to 6.93% in July, mainly on account of higher prices of food items, government data showed on August 13, 2020. File

Retail inflation rose to 6.93% in July, mainly on account of higher prices of food items, government data showed on August 13, 2020. File   | Photo Credit: Emmanual Yogini

Retail inflation rose to 6.93% in July, mainly on account of higher prices of food items, government data showed on Thursday.

The food inflation, according to the Consumer Price Index (CPI) data, increased to 9.62% in July.

The retail inflation in June was 6.23%, while the food inflation stood at 8.72%.

It is for the second consecutive month that the retail inflation has been above the RBI’s comfort level. The government has mandated the central bank to restrict the inflation at 4% (+, - 2%).

The central bank mainly factors in retail inflation while arriving at its bi-monthly monetary policy.

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Printable version | Sep 28, 2020 2:13:17 AM | https://www.thehindu.com/business/Economy/retail-inflation-rises-to-693-in-july/article32345630.ece

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