Wednesday, January 29, 2025
spot_img

Sharp rise in India’s July retail inflation driven by soaring food prices

Date:

Share post:

spot_img
spot_img

Shillong, August 14: India’s consumer price index (CPI) surged to 7.44% in July, with a significant jump in food prices leading to a staggering 11.51% increase in food inflation.

This stark increase contrasts with June’s retail inflation at 4.87% and food inflation at 4.55%. The July figures have breached the Reserve Bank of India’s (RBI) tolerance limit of 6%.

As per IANS, the substantial uptick in retail inflation is attributed to higher costs of fruits, vegetables, cereals, pulses, dairy products, and even clothing and footwear, as indicated by data released by the Ministry of Statistics and Programme Implementation on Monday.

In comparison, July 2022 saw retail inflation at 6.71% and food inflation at 6.69%.

spot_img
spot_img

Related articles

Indian batters falter against England in 3rd T20I

Rajkot, Jan 28: Indian batters faltered against an incisive England bowling attack as the visitors raised their game...

Head set to open against SL in 1st Test

Galle, Jan 28: The rainy weather conditions have given Australia a selection problem for the opening test against...

Miller suffers injury ahead of CT’25

Johannesburg, Jan 28: South Africa’s experienced middle-order batter David Miller sustained a groin injury during the SA20 League...

10k athletes to compete in 38th national games

Dehradun, Jan 28: A modest but colourful opening ceremony showcasing Uttarakhand’s religious heritage and bio-diversity kicked off the...