India’s inflationat 9-month low |
Retail inflation in India fell to nine-month low of 4.17 per cent in July on account of slowdown in prices of vegetables and fruits. Based on Consumer Price Index (CPI), inflation for June has also been revised downwards to 4.92 per cent from the earlier estimate of 5 per cent. Its previous low was in October 2017 at 3.58 per cent. As for year-on-year comparison, retail inflation had increased by 2.36 per cent in July 2017.The CSO data revealed that inflation in vegetables declined by (-) 2.19 per cent in July , compared to 7.8 per cent in June. The rate of price rise in fruits slowed down 6.98 per cent, as against over 10 per cent earlier. As per the data, the inflation in protein rich items like meat and fish, and also milk was also slower in July compared to June. However, inflation in the ‘fuel and light’ segment based on the changes in the CPI increased to 7.96 per cent from 7.14 in the previous month.
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